Program/MGU
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The Ahoy! deal marks the first acquisition for the RedBird-backed MGA.
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Previously, Grace Meek was CEO and president of Homesite Underwriting.
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Joy had previously set up the casualty practice at Global Indemnity.
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Sure is the first Demotech-rated insurer to offer surplus lines homeowners.
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After the 2007-17 decade of “bad underwriting” carriers are recovering from “past sins”.
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The MGA’s capacity provider is Berkshire Hathaway Specialty Insurance.
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It’s unsurprising, following the Corvus-Travelers transaction.
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Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.
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The executive left OdysseyRe last August, as this publication revealed at the time.
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In September 2023, Cowbell made the same number of staff cuts.
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Bill Fahrner most recently served as CUO at Joyn Insurance.
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The company’s book is being run off by Boost Insurance.
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The company would ideally like to target a minority investment.
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The new product provides coverage above the NFIP’s maximum limits.
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The MGA will target small and mid-market firms and will also offer tech E&O products.
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Arris Property Underwriters will offer $2.5mn in excess capacity.
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This follows a string of promotions dating back to last August.
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Aon approved Embrace as wholesaler late last year.
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Founder Chris Leo has 20 years of experience running DBA programs.
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The executive will split his time between San Francisco and New York.
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Intact Ventures, Era Ventures, Greenlight Re and Spark Capital also participated.
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Laxner has prior experience at Ambridge, Converge, Axis, Markel and Chubb.
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Koffie began work on a sale earlier this month following major layoffs.