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MGAs outpaced the P&C industry for years, but growth has begun to stagnate. -
Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
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Regulatory compliance risks were listed as the third-greatest concern.
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The Incyde Risk facility will provide up to $25mn in capacity on a primary and first-excess basis.
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The executive’s experience centers on program design for complex risk.
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Overly optimistic loss picks and worrying trends cast a shadow on best Q1 results in years.
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An EF-4 tornado devastated Greenfield Iowa, adding to the expected multi-billion-dollar toll.
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The most common breach type was law compliance, followed by financial statements.
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He replaces Stan Galanski, who had served in the role since August 2021.
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The outlook calls for an 85% chance of an above-normal season.
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Hallmark’s commercial business will be fronted by HDI subsidiaries.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
