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The move will enable Hadron to deliver more admitted insurance solutions to clients and policyholders.
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The coverage will only be available in Illinois and Michigan at first.
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The insurance industry has experienced mounting losses from severe convective storms.
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This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
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This is FMH’s first acquisition since acquiring Axa XL’s crop unit last April.