Operations/tech
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The InsurTech’s president says possibilities include an IPO, a SPAC transaction or further private funding. -
The landmark transaction with Sentry requires court clearance after gaining the state insurance commissioner’s nod.
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The tactic comes after the investors had three nominees installed on the risk modeller’s board this week.
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Sirius shareholders favour the deal but dissent on compensation proposal.
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The territory has been relatively untouched by outbreaks of the virus so far.
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The start-up envisages expansion into insurance “in the coming years”, AM Best said.
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She will replace Kevin Condron in the position on his retirement due to a mandatory age limit for the role.
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The company is rebranding as Skyward Specialty Insurance as the revamp under the new chief executive moves ahead.
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Warren Buffett’s company trims its stake in Apple and exits Costco.
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A “change of control” clause also gives hosted MGAs the opportunity to find new platforms if they wish.
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The scheme will be expanded to six new US cities, including Houston, Minneapolis and Philadelphia.
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The market chairman says the new entry point for submissions will radically improve data quality for placements.
