MGAs/MGUs
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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.
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Former CEO Rick Welsh has left the company as it prepares for a rebrand. -
The agreement follows a $400mn investment in Hyperion by Canadian institutional investor CDPQ.
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Willis Towers Watson has invested in a platform designed to support new managing general agencies (MGAs), sister publication The Insurance Insider reported.
