[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Daniel Lewis [@danielsethlewis](/creator/twitter/danielsethlewis) on x 1443 followers Created: 2025-07-24 20:50:47 UTC $ARK obviously > $LMND by 10x. I do wonder in softer markets when you do not own control of an MGA -- (or even a minority interest w/ a long-term contract) -- what happens what P/E drives fronting fees lower or demands risk retention go much higher? What is the true 'value add' of the data vs. other fronts -- my hunch is thats more of a sales pitch? Being able to add on reinsurance -- especially with clever structures/retention and ILS also is great, but not sure it's a sustainable moat. Insightful as usual, thx XXX engagements  **Related Topics** [ark](/topic/ark) [longterm](/topic/longterm) [$ark](/topic/$ark) [coins](/topic/coins) [$lmnd](/topic/$lmnd) [Post Link](https://x.com/danielsethlewis/status/1948486040781537404)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Daniel Lewis @danielsethlewis on x 1443 followers
Created: 2025-07-24 20:50:47 UTC
$ARK obviously > $LMND by 10x.
I do wonder in softer markets when you do not own control of an MGA -- (or even a minority interest w/ a long-term contract) -- what happens what P/E drives fronting fees lower or demands risk retention go much higher?
What is the true 'value add' of the data vs. other fronts -- my hunch is thats more of a sales pitch?
Being able to add on reinsurance -- especially with clever structures/retention and ILS also is great, but not sure it's a sustainable moat.
Insightful as usual, thx
XXX engagements
/post/tweet::1948486040781537404