“…the third party paid around 20-25 million dollars to Admiral. …The rest of it was used to pay off that inter-group debt… For tax purposes, all that was declared was the 20 million component…”
♫
Said on Tax Talks
“We always have 20 to 25% of the risk on our AVA minimum... it's like that MGA model, except we have skill on our Lloyds syndicator side as well.”
InsurTech Geek Podcast · Cyber Risk Engineering and Emerging AI Risks with Jay Vinda from Mosaic Insurance
Play from 14:18
14:18
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
underwrites via Lloyds syndicate and third-party management partners, retaining 20-25% of each risk while outsourcing the rest, similar to an MGA model
20-25% retained, 10 lines of coverage
Said nearby on the same subject
“I’m typically pricing cash flows… the pricing exercise has been very similar… higher component of underwriting and qualitative assessment.”
HW
Hans Wildens
Exchanges ·
“All of the acquired companies retained their management teams and their names… each pursued a regional acquisition strategy in its own name… once the first couple of deals were done, the momentum for joining became irresistible.”
♫
Said on Founders
“A property manager called, offered to take over, and he switched to third-party management within about two months.”
♫
Said on BiggerPockets Real Estate Podcast
Moments like this, every Monday
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Track a competitor?
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.