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With this partnership, brokers leveraging Attune will have access to flood products with broader coverage than the traditional NFIP under FEMA. -
Just over a quarter of shareholders voted to redeem shares as Aldel Financial took classic car underwriter public.
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In an interview with Inside P&C, Prashanth Gangu also argued that InsurTechs should stay private for as long as possible, and InsurTech MGAs should not rush to transition to full stack until they prove that their business models work.
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The Traverse City, Michigan-headquartered MGA began training Friday after a merger deal with SPAC Aldel Financial, valuing the business at around $3.1bn.
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Kaufman is the third president in Burns & Wilcox’s history, preceded by his father, President and CEO Alan Jay Kaufman, and his late grandfather, Herbert W. Kaufman.
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The advent of radar technology, satellite imagery and ground-sensor technology has allowed brokers and underwriters to develop better tailored products.
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K2 Parametric will offer policies that pay pre-agreed claim amounts based on local parameters of measurable events, such as hurricanes or earthquakes.
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Paper providers and reinsurers are tightening up on providing underwriting capital, even as VC interest continues unabated.
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RSG president Tim Turner said that RSG is in various stages of development with several M&A opportunities.
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The deal will expand Zurich’s supplemental health insurance offerings and is expected to close in early 2022.
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The newly public intermediary upped its full-year organic growth forecast to 21.5%-22.5%, from 18%-20% previously.
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The InsurTech lowered its LR to 128%, helped by cutting the contribution of cats to the loss ratio from 75% to 50%.
