Start-ups
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Floir approved nearly 650,000 policies for takeout from Citizens for October and November. -
The underwriting venture, Florida Re, will target both US and LatAm markets.
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Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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This follows AIG’s voluntary dismissal of claims against Dellwood’s top execs.
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AM Best assessed Dellwood’s balance sheet strength as “very strong”.
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A standalone syndicate could offer capital, trading, and licensing advantages.
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The start-up's founder set out the new broker’s strategy, M&A goals and structure.
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Cyrus Walker will also serve on the new retail broking venture’s board of directors.
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PE house Vistria will back the buy-and-build strategy in the independent agency space.
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The front has lined up its first 10 programs and is confident it will get at least seven or eight of them.
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Earlier this week, this publication revealed that Axis and Accelerant will support the recently launched MGA.
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The M&A insurance MGA also secured support from Accelerant.
Related
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Pie Insurance credit ratings affirmed by AM Best
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