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The regulations are part of a state effort to expand wildfire coverage. -
The executive will oversee the group’s strategic financial direction.
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This is CRC’s first purchase since parent TIH sold retail broker McGriff to MMA.
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Insight into the current state of the insurance M&A market, powered by the Insurance Insider US M&A Deal Tracker.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The company has been buying out Omers’ shares since 2015.
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Wildfire risk destabilized the state’s market, spurring regulator attention.
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In October, this publication revealed that the carrier had resumed IPO preparations.
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Malibu, which has 10,000 residents, posted on social media on Wednesday that the fire was 7% contained.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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The Bermudian's MGA will be based out of Miami, New York and Pennsylvania.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
