Ep320 Mark Groenheide LIRG: Facts, Not Feelings

Parametric insurance and AI-native underwriting are expanding from cat risk into casualty, satellites, and data centers, reshaping MGA economics.

• $400-500M placed, $150M in ILWs: LIRG, a bootstrapped boutique MGU founded by Mark Groenheide, has placed ~$400-500M in premium total, with over $150M in ILW binders in its first 12 months, transacting with 70% of the top 50 global reinsurers.
• Takaful launch imminent: American Takaful/Takaful America, an MGA owned by the Islamic community with a Sharia board, goes live in ~4 weeks across six to seven US states — the first faith-aligned Islamic insurance option of scale in the US.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.