Service provider
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As part of the transaction, PE firm Atlas Merchant has agreed to sell its interest in MarshBerry. -
A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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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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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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Both organisations still predict an above-average hurricane season.
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The forecast has increased since the early July update due to several additional factors.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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The company provides management workflow for residential contractors.
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The executive said the claims industry is going to “be transformed”.
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The IPO was priced at $21 per share, up from the previous target range of $18-$20.
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The weather-modelling agency is predicting a below-normal season.
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The company resumed work on a public offering in September.
