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This is largely due to the emergence of start-ups backed by PrivateEquity and Managing General Agents (MGAs), attracting talent from established insurance houses. This influx has increased insurer capacity, especially in the London market, providing PrivateEquitymanagers with better options.
1) Legalize all the vices. The easiest new source of revenue for the city would be areas where there’s already lots of illegal economic activity that doesn’t get taxed at all, but where legalization would actually bring regulation and improvements—namely, vices. Marijuana is an easy one. It’s already being mass-consumed tax-free.
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