CRC Insurance Services
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They cover environment, political violence, equipment and cannabis. -
It acquired wholesaler ARC Excess & Surplus, confirming an earlier report from this publication.
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The program is being launched through subsidiary Southern Marine.
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After a period of business building, MGAs will likely spend more time optimizing.
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The group will house a segment for specialty and benefits and another for underwriting.
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Talks are not preliminary, but a deal is not imminent for the two brokers, sources said.
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Daniela Mills joins after more than eight years at Lockton.
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The announcement confirms this publication’s report that Grim resigned from Brown & Riding.
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Challenges in claims frequency and carrier competition are likely to remain.
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This is CRC’s first purchase since parent TIH sold retail broker McGriff to MMA.
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The broker has seen an “outpouring of interest” from talent looking to join since the Truist exit.
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