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DUAEs are increasingly leveraging specialized expertise to address underserved risk. -
BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit.
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Starr joins a panel that includes capacity from Axis and Skyward.
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The acquisition follows a strategic partnership the two struck last August.
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The executive will be responsible for leading E&S primary and excess casualty.
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The company filed its S-1 in March, with a 2024 CoR of 93.9%.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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HCI secured three towers with $3.5bn in XoL coverage.
