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The Insurance Insider US Research team walks buyers through valuation considerations for InsurTech MGAs, as capital constraints point to further consolidation. -
Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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The company distributes insurance through leading national commercial broker partners and currently focuses on manufacturing, agriculture and the construction industry.
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The Inside P&C news team runs you through the earnings results for the day.
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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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The company is now open to accepting homes up to 75 years old, and future effective date requirements have been reduced to one day.
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Under the agreement, reached late on Monday, Vesttoo would sell its assets in a transaction that would close by December 1, 2023.
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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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The challenging funding environment has left InsurTechs with limited options for capital raising and liquidity.
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The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals.
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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 decision to pull back from some business in the meantime will cause “additional [total gross premium] declines in 2024,” the executive said.
