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First-round bids for the company were due in late September. -
The new platform includes over 400 workers’ compensation classes, including contractors, healthcare, hospitality, manufacturing and transportation.
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Inside P&C explores topics that will likely be addressed at the Target Markets 2023 annual conference.
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Pera is launching as a division of Desq — USQRisk’s managing general agent accelerator/incubator — and is the first program Desq has brought to market.
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Inside P&C’s morning summary of the key stories to get you up to speed
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Sources said the specialty underwriter retained boutique firm Insurance Advisory Partners earlier this year as an adviser.
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Sources said the Houston, Texas-headquartered program manager is now writing business on Sutton National paper.
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The start-up MGU will initially focus on real estate, hospitality and leisure, financial institutions and professional services industries.
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Inside P&C’s news team brings you all the top news from the week.
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The transaction marks Velocity’s first MGA acquisition and its second transaction after Nephila sold the cat-focused underwriter to Oaktree in late 2021 for over $107mn.
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A summary of commentary from the second day of Inside P&C New York, with insights on InsurTechs, MGAs and Vesttoo.
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Executives emphasized the importance of taking on enough risk to have "skin in the game” in the wake of Vesttoo’s bankruptcy and noted that the use of LOCs may require additional layers of risk management.
