Operations/tech
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The ratings action follows the agreement with Arch Capital to buy the struggling company.
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Co-founders include former Lockton executive Bill Kost.
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Insider Elena Lieskovska will lead a new insurance segment.
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The brokers will work in risk analysis as well as directly placing coverage.
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The start-up counts Westchester, Hiscox and Beazley among its carrier partners.
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The funding round is the latest move in an arms race to reinvent back office functions.
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Former Markel underwriting executive Trevor Carvey will also be part of the leadership team. -
The would-be buyer presses for a non-disclosure agreement with the hedge fund reinsurer to allow due diligence to start.
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The per-share price is a 35% premium to yesterday’s close.
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The insurance holding company confirms it will take 72% share in the Lloyd’s (re)insurer.
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Clix index will provide insured loss data for all major nat cat events since 2000.
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The move gives the business EU passporting rights in time for the end of the Brexit transition period.
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