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James River said the court was right to dismiss the fraud case. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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The company said defendant "distraction" can’t make up for flimsy arguments.
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The violations included not using properly appointed adjusters and failing to pay claims.
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Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
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Analysis of market conditions, reserves show that this might not lead to an overnight consolidation boom.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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The likes of Genstar, Leonard Green and Bain also looked at the program manager.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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The ratings agency cited enhanced scale and diversification through organic growth.
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A quick roundup of today’s need-to-know news, including Sompo-Aspen market reaction, ISC bidders and more.
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The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said.
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