Understanding the changing appetite for innovation
Quayle said there is a renewed appetite for genuine entrepreneurialism, particularly on the underwriting side, but less so in the broker space. There has been a lot of movement on the broker side in recent months, he said, while on the underwriting side, private equity is proving that it loves the MGA model. “They deliver strong EBITDA numbers, which means you can service debt and service capital, and they continue to prove that if you can get to the right scale, the multiples are there.”
