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The Insurance Insider US news team runs you through the earnings results for the day. -
The broker posted a 6.5% drop in organic growth YoY.
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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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Insurers can offer features the beleaguered fund can’t, the MGA said.
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New business written premiums were up in the commercial and E&S segments, but decreased in personal lines.
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This brings the carrier’s total limit on the program to $1.8bn.
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A quick roundup of today’s need-to-know news, including Marsh, Enstar, DExit, and more.
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Smaller accounts remain less affected by an influx of MGAs.
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Some E&S business is flowing back to the admitted market but so far it is “anecdotal”.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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Matthew Flynn joins from RenaissanceRe.
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