Program/MGU
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The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
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Sources said Federer will assume the executive director role at Atlantic later this month.
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Former NTUM president Justin Joyce will lead the ANTU binding unit.
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The company is understood to be working with Ardea Partners.
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It is understood that the company needs to secure cash within less than 30 days.
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Farmers is working with Jetty to help ensure a smooth transition.
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The front has lined up its first 10 programs and is confident it will get at least seven or eight of them.
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Flexpoint secured a higher sum-of-the-parts valuation by facilitating the break-up.
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The filing comes four months after Insurance Insider US revealed Bowhead’s intentions to launch an IPO this year.
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Beckham will succeed Ben Francavilla, who is retiring.
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The MGA’s underwriting capacity for casualty programs now totals $17mn.
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Earlier this week, this publication revealed that Axis and Accelerant will support the recently launched MGA.
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Blue Signing Re CEO Velasquez will be XS Global's head of casualty motor, L&H and benefits.
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The M&A insurance MGA also secured support from Accelerant.
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The executive will be responsible for scaling USQRisk's structured casualty portfolio.
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Specialty reinsurance MGU Waypoint has formed a strategic partnership with workers compensation carrier CompSource Mutual.
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Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
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In a post-Vesttoo world, vulnerabilities still exist in the collateralized reinsurance market.
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Westchester’s Kyle Garrett was named VP, executive underwriter for property.
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Sources said the Bermuda carrier has been working with Jefferies on the sale.
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The leadership team includes Spinnaker co-founders Dave and Ken Ingrey and ex-CUO Miles Allkins.
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The Ahoy! deal marks the first acquisition for the RedBird-backed MGA.
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Previously, Grace Meek was CEO and president of Homesite Underwriting.
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Joy had previously set up the casualty practice at Global Indemnity.