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CEO Tom Kang said Converge will now be able to deploy a total of $10mn in limit in certain segments.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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Jason Hart, head of proactive cyber, was also promoted to managing director.
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The carrier also grew TL written premiums by 11% in Q4 and 24% for the full year.
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The December 28 breach involved millions of sensitive individual records.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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Regilio will lead a sales team to “expand market share and forge strategic partnerships”.
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The cyber MGA also named Sarah Thompson global head of sales strategy and Jack Jenner to managing director.
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Challenges in claims frequency and carrier competition are likely to remain.
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The company will now focus on growing its E&S and InsurSec offerings.
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The biggest riser in this year’s Allianz Risk Barometer was climate change.
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Groeber joined CFC as EVP in 2020 before becoming US CEO in 2023.