---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-26-000003"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:50:29.472426+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hagerty amends Markel relationship; removes mutual exclusivity, extends term to Dec 2028, new reinsurance agreements

## Summary
- Sixth Amended Master Relationship Agreement executed Dec 31, 2025; removes mutual exclusivity provisions; extends term through Dec 31, 2028.
- Hagerty retains option to purchase Essentia Insurance Company, exercisable Jan 1, 2026–Jan 1, 2028.
- New General Agency and Quota Share agreements effective Jan 1, 2026; Hagerty Re assumes 100% risk on Essentia policies.
- Markel remains significant strategic partner; other administrative changes to agreements.

## SEC filing metadata
- accession: 0001840776-26-000003
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077626000003/0001840776-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077626000003/hgty-20251231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-26-000003
- JSON: https://secwatch.observer/filing/0001840776-26-000003.json
- Plain text: https://secwatch.observer/filing/0001840776-26-000003.txt

## Key facts
- Material Agreements
  Hagerty, Inc. amended Seventh Amended and Restated Limited Liability Company Agreement with Markel Group Inc. and the other members of OpCo (effective 2025-12-31).
  - Action: amendment
  - Counterparty: Markel Group Inc. and the other members of OpCo
  - Effective: 2025-12-31
  source text: On December 31, 2025, the Company executed the Seventh Amended and Restated Limited Liability Company Agreement with Markel and the other members of OpCo (the “ Amended LLC Agreement ”), to among other things, remove certain restrictive covenants, including exclusivity provisions relating to the businesses of the Company and its subsidiaries.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077626000003/0001840776-26-000003-index.htm
- Material Agreements
  Hagerty, Inc. amended Sixth Amended and Restated Master Relationship Agreement with Markel Group Inc. (effective 2025-12-31).
  - Action: amendment
  - Counterparty: Markel Group Inc.
  - Effective: 2025-12-31
  source text: On December 31, 2025, the Company and OpCo, a subsidiary of the Company, entered into the Sixth Amended and Restated Master Relationship Agreement (the “ Relationship Agreement ”) with Markel, which amended and restated the Fifth Amended and Restated Master Alliance Agreement, dated December 18, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077626000003/0001840776-26-000003-index.htm
- Material Agreements
  Hagerty, Inc. entered into General Agency Agreement with Essentia Insurance Company (effective 2025-12-31).
  - Action: entry
  - Counterparty: Essentia Insurance Company
  - Effective: 2025-12-31
  source text: On December 31, 2025, HIA and Hagerty Re, both subsidiaries of the Company, executed the General Agency Agreement with Essentia (the “ General Agency Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077626000003/0001840776-26-000003-index.htm
- Material Agreements
  Hagerty, Inc. entered into Quota Share Agreement with Essentia Insurance Company (effective 2025-12-31).
  - Action: entry
  - Counterparty: Essentia Insurance Company
  - Effective: 2025-12-31
  source text: On December 31, 2025, HIA and Hagerty Re entered into a new Quota Share Reinsurance Agreement with Essentia (the “ Quota Share Agreement ”), effective January 1, 2026, pursuant to which Hagerty Re will assume 100% of the risk on policies (i) issued by Essentia on or after January 1, 2026 or (ii) issued by Essentia prior to January 1, 2026, the risk period under which remains unexpired as of January 1, 2026, with respect to losses for which the date of loss is on or after January 1, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077626000003/0001840776-26-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.