ShoreOne Insurance Managers, Inc. on LinkedIn: ShoreOne Strengthens Leadership Team (2024)

📖 #ProgramManager August 2023 – out now!This month – inevitably – we dedicate a significant chunk of the issue to the fallout from theVesttoocollateral debacle, as its tentacles spread far across the insurance industry, and the MGA and programs space in particular.✅ Download here: https://lnkd.in/eDkPGZZBIn our lead article we look at how brokers and counterparties are reassessing collateral quality on fronting deals, with the expectation that going forward there will also be far greater scrutiny from regulators and rating agencies.After other recent adverse headlines involving MGA capacity and reinsurance recoverables, intermediaries are acting fast to replace capacity where necessary, while fronting carriers and others directly impacted are seeking to replace Vesttoo-related reinsurance and collateral.Meanwhile we take a deeper dive on the developing legal situation, as Aon and its White Rock platform initiate action against Vesttoo in New York and other jurisdictions in a bid to get to the truth and to recover funds distributed to the ILS-focused insurtech, which has taken steps to seek Chapter 11 protection. In our Editor’s letter, we look at Vesttoo as another black eye for the MGA, programs and fronting space, but also note the ongoing need for alternative forms of capacity against a backdrop of a much tighter reinsurance market.And we bring you analysis of the affair from other parties, including ALIRT Insurance Research and KBRA.Away from Vesttoo, a consistent theme of 2023 so far has been the retrenchment of admitted carriers from cat-exposed homeowners business.But this month our other lead article brings exclusive news that Millennial Specialty Insurance is targeting the cat-exposed high net worth market with a new program, supported by the AM Best A rated paper of Transverse and a panel of reinsurers.The firm sees a significant opportunity in the space as it addresses a growing need for solutions from its agency distribution partners.Also in this issue, we bring you state of the market coverage from Conning’s recently released report on the MGA sector, which notes the continued strong growth trajectory in the US as well as burgeoning European opportunities. The full report can be accessed here.And we report on reinsurer Topsail Re as it seeks to distance itself from “just in time” capital in the wake of Vesttoo, alongside our regular round-up of news in the MGA and programs space, including M&A, start-ups, program partners and launches, and people moves.Our partners 🤝 AM Best | CRC Insurance Services | DUAL Group | Euclid Insurance Services, Inc. | MS Transverse Insurance Group | One80 Intermediaries | Ryan Specialty | Risk Placement Services, Inc. | State National Companies (SNC) | Target Markets Program Administrators Association (TMPAA)#insurance #reinsurance

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WHY CHOOSE PROPERTY INSURANCE FOR BUILDING OWNERS FROM CHES?We are leaders in protecting building owners against:✅ Financial Security: Protect their investment from unforeseen events such as natural disasters, fire, theft, and vandalism. ✅ Liability Coverage: Shield your clients against legal liabilities arising from accidents on their property. Whether it's a slip-and-fall incident or property damage claims, commercial property insurance offers liability coverage, preventing financial strain on their business.✅ Business Interruption Protection: In the event of a covered loss, business operations can be disrupted. Commercial Property Insurance helps bridge the financial gap during downtime, covering lost income and ongoing expenses, allowing them to get back on their feet swiftly.✅ Asset Preservation: Safeguard your client’s physical assets – buildings, equipment, inventory – with a tailored insurance policy. Whether they own an office space, retail establishment, or industrial facility, our Property Insurance will ensure their assets are protected against a myriad of risks.✅ Customized Coverage Plans: Contact CHES for tailored insurance plan to suit your client’s unique needs. Our Property Insurance offers flexibility, allowing you to choose coverage options that align with specific business requirements.Contact us today : Info@CHESspecialrisk.ca...#CommercialPropertyInsurance #BuildingOwnersInsurance #PropertyProtection#BusinessInsurance #RiskManagement #InsuranceSolutions #AssetProtection#SecureYourInvestment #InsuranceAwareness #BusinessContinuity #commercialrealestate

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Slide Insurance boosts reinsurance protection with second $100m catastrophe bondSlide Insurance, a full-stack InsurTech firm with a keen focus on delivering cost-effective and efficient homeowners insurance, has revealed the successful pricing of its latest catastrophe (cat) bond.Read the story here: https://loom.ly/sBRqBV0#FinTech #InsurTech #insurance

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Could you use an update on the current state of the insurance marketplace? HUB's David Bell recently discussed it with Business Insurance, highlighting the two-pronged approach in the market- with insurers raising rates and cutting capacity and policyholders bumping up values. To navigate these changes, both insurers and policyholders must stay informed and adapt their strategies accordingly.Read more: https://ow.ly/oK4K50P6at9 #RiskManagement

Could you use an update on the current state of the insurance marketplace? HUB's David Bell recently discussed it with Business Insurance, highlighting the two-pronged approach in the market- with insurers raising rates and cutting capacity and policyholders bumping up values. To navigate these changes, both insurers and policyholders must stay informed and adapt their strategies accordingly.Read more: https://ow.ly/JJr150OZCci #RiskManagement

In the latest from Apartment Academy, Leonardo247's CEO,Daniel Cunningham, and Sertis (MGA) Insurance's Co-Founder & CEO, Mark Gardella, team up to tackle:📈 Soaring insurance costs and challenges for multifamily owners/operators.🔄 Factors fueling the multifamily insurance crisis.🎯 Strategies for robust risk management and smart planning to stabilize insurance expenses and elevate industry best practices.Full episode breakdown available here >> https://lnkd.in/dtAu7UY2

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Stop Guessing! Learn About Real Estate Insurance Now!Listen Here ---> https://lnkd.in/gP-9KXYSIn this episode, Micah Mattox, the Director of Multifamily at Real Protect Insurance, offers valuable insights into the insurance landscape in the context of real estate investment. He delves into the challenges the insurance market faces, particularly in states like Florida and Texas, due to losses, fraud, and shifting dynamics, emphasizing the importance of staying informed about insurance market trends and adapting to changes. Micah explores the access independent agencies have to carriers and the necessity of understanding real estate operations for effective property insurance. The discussion also extends to risk zones, legislative reforms, and the pivotal role of communication in the industry. Finally, he introduces Real Protect's innovative approach, leveraging relationships and tailored solutions to meet clients' diverse needs.#realestate #apartments #multifamily #apartmentinvestor #multifamilyinvestor #apartmentinsurance #multifamilyinsurance #CRE #premiumtoprincipal #multifamilysyndication #CREFinance

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Could you use an update on the current state of the insurance marketplace? HUB’s David Bell recently discussed it with Business Insurance, highlighting the two-pronged approach in the market- with insurers raising rates and cutting capacity and policyholders bumping up values. To navigate these changes, both insurers and policyholders must stay informed and adapt their strategies accordingly.Read more: https://ow.ly/I1h150PgKQG #RiskManagement

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Could you use an update on the current state of the insurance marketplace? HUB's David Bell recently discussed it with Business Insurance, highlighting the two-pronged approach in the market- with insurers raising rates and cutting capacity and policyholders bumping up values. To navigate these changes, both insurers and policyholders must stay informed and adapt their strategies accordingly.Read more: https://ow.ly/tyXO50P9VKZ #RiskManagement

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Discover the latest insights into property market trends with Gallaghers Alexandra Glickman! Don't miss her Q&A featured in Business Insurance. Read it here! https://lnkd.in/eb-6BdMH #Insurance #property #realestate

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