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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car. -
The exec said the feds have been given data to potentially pursue criminal charges.
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With the added capacity, the MGA can offer up to $35mn per risk.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
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In The Car offers embedded auto insurance by integrating policies into dealership management systems.
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The exchange is backed by $100mn in funding from CD&R and others.
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In March, this publication revealed that Pinnacle was considering a sale.
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Holschneider co-founded the firm and is currently executive chairman.
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Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team.
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The deal triples Hippo’s new homeowner leads and extends Baldwin’s MGA capacity.
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DUAEs are increasingly leveraging specialized expertise to address underserved risk.
