The auto insurance market is massive. How massive? Think $359 billion massive. But few people really understand how the value chain works or where the alpha is. Let’s break it down: 1. Retailers = Independent Insurance Agents They’re the storefront.…
VERVE Recognized by Insurance Insider as Best MGA/MGU of the Year Finalist. The best recognition? When your peers say, “We see you.”Honored to share that VERVE has been named a 2025 Finalist for MGA/MGU of the Year by The Insurance…
Congrats to the team at Bishop Street Underwriters on their acquisition of Aerospace Insurance Managers! Yesterday, July 1st, marked one year since Bishop Street Underwriters and RedBird Capital Partners made their strategic equity investment in VERVE — and it’s been…
Tariff Impacts on Auto Insurance and Car Prices - My View You may have seen the headlines lately: Tariffs Could Disrupt Auto Insurance Market & Coverage Costs. (The United States administration yesterday announced a one month delay for US Automakers…
The MGA sector continues to be a powerhouse of innovation and expansion. A recent piece from Carrier Management highlights key trends shaping the future: • 𝗚𝗿𝗼𝘄𝘁𝗵 𝘄𝗶𝘁𝗵 𝗖𝗮𝘂𝘁𝗶𝗼𝗻 - While MGAs have seen strong momentum, increased competition and market saturation…
According to a recent article in the Insurance Journal, the U.S. nonstandard auto insurance segment saw a remarkable rebound in the first half of 2024. The industry moved from a $457M loss in the same period of 2023 to a…
2025 is HERE... Let's Go! Well, almost here — less than two weeks to go. I’m bullish on where Team VERVE and the U.S. economy are headed as we move into 2025. Let me share why: I live in South…
Bishop Street Underwriters Makes Strategic Equity Investment into Verve Services Investment to Accelerate Growth and Innovation NEW YORK, NY and WEST PALM BEACH, FL – September 26, 2024 – Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by…
Per a recent article in Carrier Management and reports from AM Best, Verisk and American Property Casualty Insurance Association (APCIA), the U.S. Property & Casualty Insurance Industry achieved a $3.8 billion underwriting profit in the first half of 2024. With…
Per a recent article in S&P Global, the auto insurance market's profitability is turning around: https://lnkd.in/e5N8bDan And VERVE is at the forefront of this transformation. COVID was a head fake for our industry. During the pandemic, we experienced a brief decline…
