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 National Underwriter during an interview earlier this year 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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