Hagerty Inc. Enters New Fronting Arrangement with Markel, Assumes Full Premium Control

Reuters

07/24

<a href="https://laohu8.com/S/HGTY">Hagerty</a> Inc. Enters New Fronting Arrangement with Markel, Assumes Full Premium Control

Hagerty, Inc., a prominent name in the automotive enthusiast community and a leader in specialty vehicle insurance, has announced a new fronting arrangement with Markel. The company has entered into a non-binding letter of intent under which Hagerty will assume full control of the underwriting and investment economics, starting January 1, 2026. This move, pending regulatory approval, will see Hagerty paying an initial fronting fee of 2% to Markel, which will decrease as the volume of policies increases annually. This strategic shift aims to enhance profitability and operational control without disrupting service to policyholders. Hagerty's CEO, McKeel Hagerty, emphasizes that this development marks a significant evolution in the successful partnership with Markel that began in 2013. Further details are available on Hagerty's investor relations website.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hagerty Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE36799) on July 24, 2025, and is solely responsible for the information contained therein.

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Enters New Fronting Arrangement with Markel, Assumes Full Premium Control\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Hagerty, Inc., a prominent name in the automotive enthusiast community and a leader in specialty vehicle insurance, has announced a new fronting arrangement with Markel. The company has entered into a non-binding letter of intent under which Hagerty will assume full control of the underwriting and investment economics, starting January 1, 2026. This move, pending regulatory approval, will see Hagerty paying an initial fronting fee of 2% to Markel, which will decrease as the volume of policies increases annually. This strategic shift aims to enhance profitability and operational control without disrupting service to policyholders. 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