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Sam Wylie has been appointed portfolio manager. -
Bredahl has been appointed CEO and Bonneau as chairman.
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Starr and Axon also are among those on the Marsh USA-placed $40mn line.
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The executive has been with the firm since its inception in 2023.
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He will also invest in the company.
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The Miami-based underwriter will write lines of up to $5mn per risk for cyber and tech E&O.
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The executive has experience across both insurance and banking.
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Permanence and independence of a public company would be valuable, he told this publication.
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The executive joined the MGA in January 2024 and has spent his entire insurance career within the TL space.
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Sources said MarshBerry was retained earlier this year to run the sale.
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Rates have fallen an average of 10%, though changes can be highly specific to each property.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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