IFG withdraws from shared and layered property

US specialty insurer IFG Companies has pulled out of shared and
layered property business, The Insurance
Insider can reveal.
According to sources, the team underwriting the segment, led by
Mike Denton, is now looking for a new home.
IFG had looked to expand the shared and layered book after
building out its underwriting team, but is understood to have only
written $3mn-$4mn of premium last year in a crowded and
ultra-competitive marketplace.
A memo from IFG president Christopher Lewis said...