HAGERTY INC Stock Price, News & Analysis

Hagerty (NYSE: HGTY), a specialty vehicle insurance provider and automotive enthusiast brand, has announced two key executive appointments to strengthen its insurance leadership team. Adam Van Loon joins as Senior Vice President of Insurance Distribution, while Jesse McKendry takes the role of Senior Vice President of Insurance Product.

Van Loon, formerly Chief Partnerships Officer at Plymouth Rock Assurance, will lead insurance sales strategy across North America, focusing on growth through broker and agent networks. McKendry, bringing experience from GEICO, Lemonade, and other major insurers, will oversee product development, pricing, and underwriting initiatives.

The Amelia, a prestigious global concours event, has named four-time IndyCar Series Champion Dario Franchitti MBE as its 2026 honoree. The event will feature a revised schedule with the main concours moving to Saturday, March 7, 2026, showcasing 250 vehicles across 30 classes.

The weekend will begin on Thursday with Reverie, followed by a two-day Broad Arrow Auction. Featured classes will include Porsche Aluminum-Bodied Racers, Can-Am Racers, and Corvette Factory L88. The event will conclude with an expanded Cars & Community on Sunday, March 8. The previous year's auction achieved $61.7M in total sales with an 88% sell-through rate.

Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, has announced its flagship Monterey Jet Center Auction featuring 170 collector cars across two days on August 13-14, 2025. The auction is headlined by a rare 2005 Maserati MC12 Stradale (estimated $4.8M-$5.5M), one of only 50 units ever produced.

The auction showcases an impressive lineup of supercars including a 2008 Koenigsegg CCXR ($2.75M-$3.5M), 2018 Bugatti Chiron ($3M-$3.5M), and a low-mileage 1991 Ferrari F40 ($3.35M-$3.5M). Notable offerings span multiple categories including track-focused vehicles, JDM icons, and post-war classics, featuring prestigious models from Ferrari, Lamborghini, Porsche, and Mercedes-Benz.

Hagerty (NYSE: HGTY), a specialty vehicle insurance provider, has announced a significant strategic move through a non-binding letter of intent with Markel. Under the proposed fronting arrangement, starting January 1, 2026, Hagerty will assume 100% of the underwriting and investment economics of its insurance business.

The agreement includes an initial 2% fronting fee to Markel, which will decrease based on policy volume. This evolution of their partnership, which began with Markel's acquisition of Essentia in 2013, aims to enhance Hagerty's profitability and operational control without disrupting existing policyholders.

Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, will auction an exceptional Aston Martin DBZ Centenary Collection at its Monterey Jet Center Auction on August 13-14, 2025. The collection features two rare vehicles: a DB4 GT Zagato Continuation and a DBS GT Zagato, representing one of only 19 pairs ever produced.

The collection, originally sold for £6.1 million ($8.1 million) in 2019, is now estimated at $3.5-4.5 million. The DB4 GT Zagato Continuation, finished in Caribbean Pearl, features a 4.7-liter engine producing 390hp, while the 2020 DBS GT Zagato boasts a 5.2-liter twin-turbo V12 generating 760hp. Both vehicles showcase exceptional craftsmanship and celebrate the 60-year partnership between Aston Martin and Zagato.

Hagerty (NYSE: HGTY), a specialty vehicle insurance provider and automotive enthusiast brand, has scheduled its second quarter 2025 financial results announcement for Monday, August 4, 2025, before market opening.

The company will host a conference call to discuss the results at 10:00 am Eastern Time. Investors can access the call through a toll-free number (877-423-9813) or international line (201-689-8573), and should dial in 10 minutes before the start time. A live webcast and replay will be available on investor.hagerty.com.

Hagerty (NYSE: HGTY) subsidiary Broad Arrow Auctions has announced the addition of a rare 1998 RUF CTR 2 Sport to its 2025 Monterey Jet Center Auction. The vehicle, one of only 14 CTR 2 Sports ever produced, is estimated at $3,000,000 - $3,500,000.

This specific CTR 2 Sport, featuring a twin-turbocharged 3.6-liter engine producing 580 horsepower, is one of just four examples with all-wheel drive. The auction, scheduled for August 13-14, 2025, will also feature other notable vehicles including a 1991 Porsche 911 Reimagined by Singer DLS (Est. $2.9M-$3.2M), a unique 2011 RUF Rt Roadster (Est. $900K-$1.2M), and a 1987 Porsche 911 RUF Carrera 3.4 (Est. $850K-$1.1M).

Hagerty (NYSE:HGTY) subsidiary Broad Arrow Auctions has announced its inaugural Las Vegas Auction, partnering with Concours at Wynn Las Vegas. The auction will take place on October 31, 2025, featuring approximately 70 collector cars.

The event will be part of the fourth annual Concours at Wynn Las Vegas, which will showcase over 250 unique automobiles from October 31 to November 2, 2025. This Las Vegas auction is one of three live auctions Broad Arrow will conduct in October/November, including events in Belgium and Switzerland, demonstrating the company's global expansion.

Broad Arrow has demonstrated strong performance in recent events, with their Monterey Jet Center Auction achieving $71.5 million with an 85% sell-through rate, and their Amelia Auction reaching $61.7 million with an 88% sell-through rate.

Hagerty (NYSE: HGTY), a specialty vehicle insurance provider and automotive enthusiast brand, has appointed Marc Burns as Senior Vice President of Brand and Marketing, effective July 14, 2025. In this newly created position, Burns will lead the integration of Hagerty's brand experience across all member touchpoints and support the company's goal of doubling its policies by 2030.

Burns brings over 20 years of brand and marketing experience, previously serving as Vice President of Marketing, Advertising & Social Media at AT&T. His prior experience includes senior leadership roles at BBDO and Leo Burnett, where he worked with major brands like Wells Fargo, Subaru, Mattel, and McDonald's.