-
The deal is the latest in a string of investments by the MGA platform. -
Sources said that a deal between the two sides could be reached in the next couple of weeks.
-
Current rates at 2% to 2.5% translate to an 86% incurred loss ratio.
-
Deal flow is still far below levels seen in 2021.
-
Sources expect at least $80mn-$90mn of insured losses stemming from the case.
-
Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
-
The broker hired Bruna Reis, Renée Bradbury, Gabriela Coelho and Luis Felipe Melo.
-
CNA has been part of Euclid’s panel in EMEA since early 2022.
-
The most common breach type was law compliance, followed by financial statements.
-
Sources said Federer will assume the executive director role at Atlantic later this month.
-
Earlier this week, this publication revealed that Axis and Accelerant will support the recently launched MGA.
-
The M&A insurance MGA also secured support from Accelerant.
