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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown. -
The decision comes after the agency refused to block a climate related vote at Travelers.
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Jeanmarie Giordano joined the company last September.
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Defendants claim that Tradesman lacks standing to bring the case.
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The shares will be purchased via the open market or private third-party transactions.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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RBC reports can help regulators identify weakly capitalized companies.
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This publication revealed earlier that Command was seeking a new backer.
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The InsurTech was also removed from under review, negative.
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The MGA will likely expand its D&O book as well, but excess casualty will grow faster.
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The insurer has lined up Piper Sandler and KBW to run the process.
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PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size.
