Subsidiary of Tampa insurance firm hits $1B premium milestone

By Laura Lyon
| 2:00 p.m. August 9, 2024
| 2 Free Articles Remaining!

Tampa Bay-Lakeland

Millennial Specialty Insurance, an indirect subsidiary of The Baldwin Insurance Group, based in Tampa, announced a significant milestone: it achieved $1 billion in force written premium in the second quarter of 2024.

“This milestone is a reflection of our relentless pursuit of excellence and our commitment to offering tailored insurance solutions that meet the evolving needs of our distribution partners and more than 1.5 million policyholders nationwide,” says Jim Roche, a founder of MSI, president of The Baldwin Group and CEO of underwriting, capacity and technology operations in a statement.

Millennial Specialty Insurance is one of the largest non-carrier-affiliated MGAs (managing general agents) in the country with over 1.5 million customers, according to its website. MSI was founded in 2015 and joined the Baldwin group, formerly BRP, in 2019. It offers insurance for commercial, specialty and personal lines across 10 different insurance programs and is based in Bedford, Texas.

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Laura Lyon

Laura Lyon is the Business Observer's editor for the Tampa Bay region, covering business news in Hillsborough, Pinellas, Pasco and Polk counties. She has a journalism degree from American University in Washington, D.C. Prior to the Business Observer, she worked in many storytelling capacities as a photographer and writer for various publications and brands.