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The acquisition follows a strategic partnership the two struck last August.
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The executive will be responsible for leading E&S primary and excess casualty.
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The company filed its S-1 in March, with a 2024 CoR of 93.9%.
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HCI secured three towers with $3.5bn in XoL coverage.
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The program includes all perils coverage and subsequent event protection.
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The executive was previously president of insurance programs.
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The legislature did pass Twia reforms, however.
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The executive will remain CEO of reinsurance until September 1.
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The executive said he left the company in September.
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The $2.59bn renewal is up 45% from last year.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Up to nine million acres of US land are considered likely to burn.