M&A
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The higher level of repurchases seen in Q3 will likely last longer than expected.
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The classic car MGA had previously agreed on a SPAC merger deal with Aldel Financial.
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Following the deal, InSource’s 45 employees operating from offices in Midland and Odessa, Texas, will join MMA.
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With the deal, Risk Insurance expands its professional liability, construction, real estate, hospitality, not-for-profits and the high-net-worth operations.
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NFP purchase of Connecticut-based Insurance Provider Group is the latest in a series of expansion moves in 2021.
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In an interview, the new Gallagher Re CEO noted that his former company had been weighed down by nearly two years of uncertainty, telling this publication: “That stops today.”
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The group CEO also observed that the Big Three reinsurance brokers do have a competitive moat based on their scale.
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The Crouse team is now a part of RT Specialty, the wholesale brokerage division of Ryan Specialty.
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The executive was speaking at an investor day following the deal to sell PartnerRe to Covea.
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The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.
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ClarionDoor serves more than 70 customers globally across all P&C lines and provides a cloud-native, API-first, no-code, SaaS rating engine.
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As part of the deal, Heritage will transfer ownership of carrier Pawtucket and MGA First Access, as well as claims and underwriting data.
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