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After a period of business building, MGAs will likely spend more time optimizing.
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The shares will be purchased via the open market or private third-party transactions.
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Both bills are now on Governor Kemp’s desk awaiting signatures.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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RBC reports can help regulators identify weakly capitalized companies.
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This publication revealed earlier that Command was seeking a new backer.
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The InsurTech was also removed from under review, negative.
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Keogh worked at Aon for nearly 30 years before retiring in 2022.
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The decision is the first of its kind under the new Trump administration.
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The insurer has lined up Piper Sandler and KBW to run the process.
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It makes sense for Next to secure a sale as an exit strategy in an increasingly challenging funding environment.
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Nadia Beckert joined the carrier as an underwriter in 2021.