Is the Future in MGAs?
On May 23rd, Bowhead Specialty had its IPO at $17 a share. On its first day of trading, it ended up 40%.
Bowhead is one of the glimmers of hope for the pipeline of InsurTechs and insurance companies that hope to go public. But they are not the only recent public insurer that is performing well. Two others are up from IPO:

Hamilton Insurance – Up ~13%
Skyward Specialty – Up ~245%

Looking beyond the headlines, Bowhead operates primarily as an MGA backed by American Family Insurance writing PL, GL, and Healthcare Liability. Both the underwriters at Bowhead and the program managers at Skyward have demonstrated that discipline is key. With the right discipline, it is possible to post a profitable book of business as a new public company.

If you are an entrepreneur looking to start an MGA, don’t have your hopes crushed just because your favorite VC gave up on MGAs last year. The professionals have proven there is money to be made.

You might not have all the pieces together to become the next Bowhead Speciality yet. Don’t worry, we’ve got you covered. There is clearly and future in MGA, and InsurTech NY is accepting applications to the MGA Lab – an immersive program to help MGAs get to the next stage.

Read more and apply here: https://www.insurtechny.com/mga-lab/

Upcoming InsurTech Community Events and Programs

The Sound of Underwriting
Jun 4 | Flatiron District, NYC
– Learn how underwriters price risk in entertainment + listen to InsurTech musicians

Series A, B, C: Marketing KPIs to convince a VC you’re ready to raise
Jun 6 | Online Event
– Online event on marketing KPIs. Fine tune your pitch and be ready for that next capital raise

InsurTech Rapids
Jun 10-11 | Jackson, Wyoming | 1 Content day + 1 Networking Day
– Founder and investor event limited to 20 people. Build deep lasting relationships.
– 2:1 Investor to Founder ratio

InsurTech Spring Conference (Pre-Registration Open)
Apr 2-3, 2025 | New York
– Our 6th annual flagship conference, bringing together up to 1000 InsurTech professionals from Carriers, brokers, vendors, and more. Pre-Registration is currently open. Sign up and be notified on early deals and pricing.

InsurTech NY Sponsors

Thank you to our InsurTech NY community sponsors.

If you are interested in sponsoring our community or our 2025 Spring conference, send us a note at contact@insurtechny.com

InsurTech East Coast Deals, Partner Events, and Open Roles

Discover a curated mix of InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.

InsurTech News and Deals

• Cover Genius ($80M, Spark Capital): NYC-based embedded insurance solution
• CoverTree ($13M, Portage):Detroit-based digital insurance solution for manufactured home residents
• Arbol ($60M, Giant Ventures): NYC-based parametric insurance solutions
• Plover Parametrics ($5M): NYC-based technology-enabled commercial insurance brokerage

Partner Events and Programs

• McDermott’s InsurTech Summit – (June 4)
• Insurtech Insights (June 5-6) – subscribers can save 30% with code INSURTECHNY24
• RevTech Labs – Fintech + Insurtech Generations (Jun 12-13)
• Locke Lord’s InsurTech Legal Academy webinar (Jun 12)
• Scout InsurTech (Jun 17)
• On Ramp Insurance (Jun 18-19)
• NY DFS Exchange (Jun 30)

See more information about our partner events here: https://www.insurtechny.com/upcoming-insurtech-conferences/

Jobs In Carrier/Broker Innovation and Venture Teams

Travelers – Director, Identity Governance & Administration
Gallagher – Global Programs
Lockton Re – Senior Account Manager – Commercial Insurance
Tokio Marine – Senior Underwriter

See more information and apply via our blog: https://www.insurtechny.com/jobs

Consider Sponsoring InsurTech Spring

Has the InsurTech NY community helped you make a lasting connection? Do you want an opportunity to get your brand out there? Show your support for InsurTech NY by sponsoring our Spring Conference on April 2-3, 2025. To learn more or request information reach out to contact@insurtechny.com.

Best,
David and Tony,
InsurTech NY Team