Holding company sets out to focus on smaller, independent MGAs

A group of investors has launched a managing general agent-focused holding company Doxa Insurance Holdings L.L.C.

Fort Wayne, Indiana-based Doxa is a company built to partner with and acquire small to medium, independently owned and operated managing general agents that focus on specialty commercial property and casualty niches, Doxa said in a Tuesday statement.

Lead investor Matthew Sackett is the former senior vice president of national sales for Fort Wayne-based K&K Insurance Group Inc. and former president and CEO of Fort Wayne-based Leisure Sports Specialists L.L.C., according to the statement.

“Medium and small MGAs are often overlooked by firms that are actively acquiring within the insurance industry. The 'bigger is better' mindset prevails,” Mr. Sackett, CEO of Doxa Insurance Holdings said in the statement. “From our experience, there is a tremendous amount of knowledge, passion, and creativity within what the industry refers to as a small MGA.”