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HDI Global Specialty has acquired the equity interest of Griffin Highline (GH) in the financial lines MGA Falcon Risk to become the majority owner of the US underwriter. -
Sources said the fast-growing homeowners' Floridian is finalizing the process to retain investment banks with the aim for an equity event to take place in the first half of the year.
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Sources said that TMA ran a profitable book in California that included personal auto and homeowners’ policies.
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The US market’s messaging around E&S growth means the sector will likely face ever-greater scrutiny in 2024.
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“The spring bounce was much more pronounced than expected in 2023, and prices slid just as rapidly after that bounce, finishing more calmly in December as expected,” said Cox Automotive’s Jeremy Robb.
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John Schwirtz will report to Matt Waters, head of Axa XL's US mid-market business, and build out a mid-market underwriting team.
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The Aspen IPO provides an opportunity to benefit from the specialty market without commensurate prior-year reserve risks due to an LPT cover.
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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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Prior to his new role, which Matt Prevost began this month, the exec spent nearly 10 years as Chubb’s SVP, cyber and product line manager.
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Carriers will be taking more risk net this year – which may arrest the speed of decline in cyber pricing.
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Rokstone Underwriting has announced a $25mn North American marine facility backed by Allianz Commercial.
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The agency said TRUE’s ratings will remain under review until there is additional clarity surrounding a new business plan.
