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Glatfelter CEO Chris Flatt will become interim chief executive. -
After the 2007-17 decade of “bad underwriting” carriers are recovering from “past sins”.
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The facility will target operators across the US, onshore and offshore.
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It is backed by paper from MS Transverse, this publication understands.
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The MGA’s capacity provider is Berkshire Hathaway Specialty Insurance.
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This publication revealed that the company was raising capital earlier this year.
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The Truist-owned cat MGA had reduced its line size to $50mn last year.
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It’s unsurprising, following the Corvus-Travelers transaction.
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Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.
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The latest development comes on the heels of the Corvus-Travelers deal.
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The executive left OdysseyRe last August, as this publication revealed at the time.
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In September 2023, Cowbell made the same number of staff cuts.
