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Sources said Brown & Brown has an advantage as it entered the process several weeks ago. -
In February, the company announced it received regulatory approval for the deal.
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The company is on a five-year growth plan, aiming to hit $100mn in premiums by 2029.
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Joe Cala will leave the carrier after nearly 13 years on the product recall team.
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The bill being considered would effectively eliminate personal injury protection.
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A US buy would have to be easily integrated, the CEO stated.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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AIG veteran Kevin Bidney will focus on North American marine.
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Coverage will increase to $20mn per building.
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The executive said AIG’s E&S arm can grow 20% a year and generate $4bn of new business.
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The start-up is closing a Series A fundraise.
