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The M&A insurance MGA also secured support from Accelerant. -
Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
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Retentions and coverage could be affected by future adverse claims trends.
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This publication revealed Chubb was planning to re-enter the London TL market.
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The firm hired Kami LaBerge and Egbert van der Graaff.
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The executive will split his time between San Francisco and New York.
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The MGA is led by CEO Dennis Kearns, a 25-year industry veteran who founded the transaction solutions program at DUAL, producing total gross written premium exceeding $600mn.
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Kearns and his former employer recently settled a legal dispute following his departure along with two other colleagues last year.
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The loss threats come as the space is going through a softening cycle, with 2%-2.5% rates and a few sources noting cases of 1.7%-1.8%.
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Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.
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Liberty GTS noted a fall in the proportion of R&W notifications where the potential loss exceeds the retention in the last 12 months as compared to the preceding 12 months.
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