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Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation. -
The MGA and 49% owner SiriusPoint could bring in a new investor.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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The program will offer limits up to $5mn.
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The move comes after Argo Pro announced it will exit professional lines.
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The executives will report to Jenise Klein, CUO for North America.
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Challenges in claims frequency and carrier competition are likely to remain.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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Around $155m of the businesses in-force gross premium will be transferred to Core Specialty.
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Federal court securities class actions hit a four-year high last year.
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Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.
