MGA Hub
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House Bill 672 adds regulation to the Louisiana MGA market.
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Insurance Insider ILS reported in June that the company had bought substantial ILW coverage.
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The executive brings 24 years of experience to the role.
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This publication revealed in March that ISO was exploring strategic alternatives.
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The investment will be used to scale operations and extend its presence in key international markets.
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She joins from Axa, leaving her role as P&C underwriting director.
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Gangu will likely take a gardening leave after vacating his post to consider future steps.
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SiriusPoint becomes sole carrier partner for Euclid’s liability program.
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The distribution model itself prioritizes the need for due diligence.
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Sources said Federer will assume the executive director role at Atlantic later this month.
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Flexpoint secured a higher sum-of-the-parts valuation by facilitating the break-up.
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Earlier this week, this publication revealed that Axis and Accelerant will support the recently launched MGA.
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In a post-Vesttoo world, vulnerabilities still exist in the collateralized reinsurance market.
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Previously, Grace Meek was CEO and president of Homesite Underwriting.
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The MGU is exploring additional third-party capital relationships.
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Dowling Partners is advising the company.
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He joins from Odyssey Re, where he was treaty underwriting VP.
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The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest.
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The executive expects the Bermudian to start onboarding programs later in 2024 or early in 2025.
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Reciprocals have been cropping up more recently, with a shift toward cat-exposed lines, giving investors a quick way to tap into the hard market with an expectation of a rich multiple at exit.
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