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The Howden-owned MGA lost ~$250mn in cat capacity in September.
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The former Everest executive will look to roll out a range of new product lines at the heavyweight MGA.
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The hard market has not burst the MGA bubble – and now interest is on the rise again.
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Polo MGA will provide services to both start-ups and established MGAs.
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O’Shea outlined growth ambitions and managing leadership transitions at the MGA in a wide-ranging interview.
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The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
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Accusations levelled at the firm include verbal abuse, unwanted physical contact and bullying.
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The carrier's UK portfolio will no longer be written with an in-house team.
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Its first UK MGA partner signing is expected by the end of this quarter.
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Hunt has previously held the role of CUO for the commercial business at RSA.