Market growth, M&A and alternative capital discussed during Program Manager roundtable

The ongoing growth of the programs and MGA market, M&A, the role of alternative capital in the sector and reinsurer appetite were just some of the topics discussed during a roundtable hosted by Program Manager and McDermott Will & Emery LLP.

As delegates descended on Scottsdale, Arizona for this year’s Target Markets Program Administrators Association Annual Summit, a host of senior programs and MGA sector executives gathered to share their views on some of the major themes currently impacting the fast-growing industry segment.

Participants on the roundtable included McDermott Will & Emery’s Michael Halsband, Concert Group’s Joe Alberti, Boost Insurance’s Jeremy Deitch, Kettle’s Brian Espie, Howden Re’s Michael Jameson, K2 Insurance Services’ Robert Kimmel, BHMS Investment’s Jeff Michael, Fairco’s Christopher O’Gwen, Accredited Insurance Program Management’s Dawn Puro, Doxa Insurance’s Matt Sackett, SkyKnight Capital’s Jaryd Solomon and One80 Intermediaries’ Marisa Tranghese.

Ongoing concerns around casualty were also discussed, as was the potential impact on the property market from the recent hurricane losses in the Southeast US.

And participants also gave their thoughts on the merits of M&A versus team lifts and start-up programs, along with the use of fronting carriers and the possible growing role of sidecars in the market.

Among other talking points were why the fronting carrier sector – which is now thought to be home to over 30 players – has failed to see the consolidation that many expected, while participants also touched upon topics including MGA M&A and new program formation.

Keep an eye open for more in-depth coverage from the roundtable in the upcoming October edition of Program Manager.