MGAs/MGUs
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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.
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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.