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![danielsethlewis Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::388610424.png) 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

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948486040781537404/c:line.svg)

**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.]

danielsethlewis Avatar 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

Engagements Line Chart

Related Topics ark longterm $ark coins $lmnd

Post Link

post/tweet::1948486040781537404
/post/tweet::1948486040781537404