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MGAs going public is now a viable option, but dominating a market comes first. -
Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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The MGA began offering US commercial E&S property products in December.
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The executive said inflation isn’t completely gone but is now “more understood”.
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The credit can now be applied to mitigation against operational losses.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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Shared and layered accounts are seen as reaping the biggest benefits.
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Growth concerns were top of mind at this year’s conference.
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