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Artex hopes the rebrand will bring greater efficiency and a higher level of service to clients -
The bond is being issued via the Lloyd’s London Bridge 2 PCC Limited structure.
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The second iteration of the Bermuda sidecar has brought in additional investors.
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A new pooling structure allowed the firm to free up historic side pockets and provides a template for future exit options.
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Martin Ford joins the broker following a 26-year-stint at Gallagher Re, formerly Willis Re.
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The new issuance is offered with pricing guidance at 2.5x the expected loss.
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The business will service clients in the agriculture, renewable energy and construction industries.
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All 50 US states and the District of Columbia are covered by the bond.
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Steiger is said to be moving to an “entrepreneurial” role after more than six years with the Zurich-based firm.
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The Nature Coast Re offering is the first in a new series from SafePoint.
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The Class A notes priced at the midpoint of guidance and the Class B notes at the top end.
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The three-year instrument provides cover for US named storms and earthquakes and European windstorms.
