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Chandler stepped down as CEO in January to take the role of vice chair. -
A quick roundup of today’s need-to-know news, including Clear Blue, Rokstone, Hurricane Milton and AIG.
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The insurer will move its Atlanta-area assets to a new "innovation hub".
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It is understood that the cut programs include Yachtinsure, Rhino, Paramount, Pinpoint and NTA.
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The three-year deal is expected to generate $200mn in GWP over the period.
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Sources said that Milton may slow the pace of rate deceleration.
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The firm still expects to deliver positive net income for Q3 2024.
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The Floridian insurer has $80mn in surplus, with retention sitting at less than 10%.
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The carrier saw 16% growth during the quarter.
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Backers and CEOs may be wary of falling into the same trap as larger PE-backed retail brokers.
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The business put up strong H1 numbers, and has named Christian Dunleavy group president.
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A roundup of today’s need-to-know news, including our M&A Deal Tracker and BroadStreet's minority sale process.
