In a market where growth seems elusive, the leader of Connecticut's newest managing general agency believes his startup--focused on servicing $1,500 surplus lines accounts--could bind $10 million of new business by year's end.
Earl O'Garro Jr., the 27-year-old chief executive officer and president of Hybrid Insurance Group in Windsor, Conn., told NU's E&S/Specialty Lines Extra during a recent interview that market dynamics, a fresh approach to the business, and even his age may be factors that will spur even more growth for the new firm in years to come--through acquisitions and expansion into other states.
Hybrid officially launched on April 1 with a goal of servicing small, hard-to-place accounts--an idea that came from a private equity firm, which approached him with the opportunity in mid-January, according to Mr. O'Garro.
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