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The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs. -
The PE-backed MGA lined up Morgan Stanley, JP Morgan and Bank of America to advise.
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Michael Mora was appointed North America CEO just over a year ago.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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Underhill spent nine years at BHSI as global head of transactional liability.
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The Inflation Reduction Act 2022 established new tax credits to incentivize investment in renewables.
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The MGA opened the door for potential growth via M&A besides organic growth, team hires and carrier carve-outs.
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This is up from the $300mn in capacity the MGA secured in 2024.
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Volante joins capacity providers Allianz and Tokio Marine Kiln.
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A London wholesaler broker would be a compelling second move.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
