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The offering sold 3.6mn shares priced at $30.50 apiece and brought in approximately $104.9mn. -
Amynta Ease-of-Business president Arthur Seifert said he expects MGAs to move away from the popular Dutch auction process and instead find one party that’s a good fit.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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SEC filings show that, in Q3, the activist shareholder liquidated its remaining 508,880 shares in WTW — worth around $120mn at the end of Q2.
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With the fundraising, Skyward will capitalize on market opportunities within existing lines of business, but also continue to expand into new products.
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Last month this publication reported that the 777 Partners-backed company was close to signing a deal with Charlesbank.
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James River’s stock price plummeted more than 30% on Thursday, after the firm sustained downgrades from equity analysts over concerns around the insurer’s E&S casualty reserves.
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Broker and commercial carrier trends separate as inflation slows but rates stay elevated.
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The challenging funding environment has left InsurTechs with limited options for capital raising and liquidity.
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The pendulum that swung towards a focus on growth for the past few years is now swinging towards profitability and increased partnership.
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The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.
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In 2021, SiriusPoint acquired a “significant ownership stake” in the firm, which meant the specialty insurer and reinsurer providing multi-year capacity and paper to the ILS house.
