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He was most recently head of excess casualty, east zone, at Axa XL.
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This will not impact Markel International, which will continue to operate out of the UK.
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Elixir has an initial focus on cyber but will look to expand into other lines, including E&O and D&O.
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The transaction will be one of the largest involving two strategics in broking history.
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A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
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Third-party litigation funding has been linked to rising casualty insurance prices.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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The move comes less than a year after AssuredPartners’ sale process reached a stalemate.
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Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
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Bishop Street acquired Conifer Insurance earlier this month.
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Baudouin is transitioning to a chairman position in Mexico.
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Insurers are fighting to recoup claims they have paid out.