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The fundraising focus comes after it was acquired by The Baldwin Group in Q1. -
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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All rates were up on a year-over-year basis, except for workers’ compensation.
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Both executives will be based in New York City.
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The fundraising round brought in $50mn for the insurer.
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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The ratings outlook has also been revised to stable from negative.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It is understood that CyberCube has been considering a sale of the business.
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