If You Can’t Beat ‘Em, Join ‘Em

A sleepy super regional insurance company that had a successful 20 year run of writing a single line of business and managing all aspects of its business in-house was suffering from a competitive downturn in the market that resulted in a high expense ratio and disappearing margins.  After much careful consideration and a lot of supporting reinsurance, the company cautiously extended its underwriting pen to a professional MGA that Atlantic recommended.  Now, with several additional MGA programs on the books through Atlantic introductions, the company has doubled its written premium, reduced its expense margin, increased its profits and successfully diversified into several P&C lines of business.