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The company has also expanded its relationships with US and UK MGAs. -
Verita leadership and staff will remain intact and “seamlessly functional”.
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The wholesaler also paid nearly $29mn for the Irish MGU 360 Underwriting.
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On Q2 calls, carrier executives called out fierce competition in various lines of business, and a misalignment of interest.
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The firm will target mid-market risks with TIVs of $25mn-$1bn.
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Insurers can offer features the beleaguered fund can’t, the MGA said.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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The executive will continue to lead CRC Insurisk in the expanded role.
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Morgan Stanley first invested in Cover Whale in May 2024 with structured debt.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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