MGAs/MGUs
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The carrier reported it will absorb $17mn in gross catastrophe losses from Q2.
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ILS participants have speculated that the syndicate in a box may be one avenue they can use to access Lloyd’s. -
Recent hire Andrew Souter is believed to be leading the evolution in the company’s capital sourcing and structure.
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The creation of AIG Re combines all of the US insurance giant’s assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty.
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Cohen & Company’s head of US insurance strategies sees ILS opportunities from the new venture and wider business.
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The firm's chief commercial lines underwriter has left, as it separately announced expansion into North Carolina and New York.
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The Credit Suisse-backed managing general agent took a £6.6mn loss in 2018, down from £7.7mn the year before.
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Lumelleau will work on acquiring talent and M&A opportunities.
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The MGA is aiming for more than EUR10mn of premiums for the first underwriting year.
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New registrations are expected from the ILS market.
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Zuk brings over 15 years of experience to the MD role.
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The MGA start-up is targeting ILS capacity for direct and facultative (D&F) property deals.
Most Recent
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GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%
22 November 2024 -
American Coastal targets $100mn of Florida named storm coverage
22 November 2024 -
Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024