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K2 Parametric will offer policies that pay pre-agreed claim amounts based on local parameters of measurable events, such as hurricanes or earthquakes. -
Paper providers and reinsurers are tightening up on providing underwriting capital, even as VC interest continues unabated.
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RSG president Tim Turner said that RSG is in various stages of development with several M&A opportunities.
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The deal will expand Zurich’s supplemental health insurance offerings and is expected to close in early 2022.
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The newly public intermediary upped its full-year organic growth forecast to 21.5%-22.5%, from 18%-20% previously.
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The InsurTech lowered its LR to 128%, helped by cutting the contribution of cats to the loss ratio from 75% to 50%.
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Headquartered in Georgia, Alpharetta is led by president and CEO Peter Bishop, who will join Venbrook operations.
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The dog and cat cover underwriting agency is the fourth largest of its kind in the US and Canada.
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The collaboration will build on RPS’s underwriting and marketing experience on this niche and complement Core Specialty’s non-standard lawyers product.
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Tiptree had initially planned to float the warranty and program business earlier this year.
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CrossCover has set its sights on middle-market excess and surplus property commercial business in the United States. In partnership with Orchid Underwriters Agency, the MGU offers limits up to $50mn per location through a panel of AM Best rated carriers and reinsurers.
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In an interview alongside Align’s founder Kieran Sweeney, the legendary London market entrepreneur also disclosed his company paid $800mn for the US MGA.
