Pol risk, credit & surety
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The carrier laid out its business mix for the newly launched reinsurance syndicate. -
The executives will join the company in the coming weeks.
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He joins from Swiss Re, where he has spent the last 27 years of his career.
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Sources said that Nacional would only consider a bid north of $150mn.
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The company sees the surety market as a ‘highly attractive’ segment
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Palomar acquired FIA for 1.7x closing book value to enter the surety market.
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Dan Riordan, Richard Abizaid and Javier Gomez will spearhead the unit.
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Michael Smith is a former mortgage broker.
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Trisura is expanding the firm’s licenses to include all 50 states and Washington, DC.
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Insured losses from civil unrest have risen over the last decade to total $7bn in 2020-23.
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There is more capacity in the market for long-term risks.
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Lockton broker Gary Giulietti said the size of the bond is "rarely, if ever, seen".
