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The US accounted for 92% of all global insured losses for the period. -
Continued Apax and Carlyle support will give PIB time to differentiate its business.
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US events accounted for more than 90% of global insured losses.
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The MGA has also appointed Probitas alumnus Kiran Wignall.
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A second syndicate is being explored for “big and bold” new lines
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State legislation has led to major strides in rate adequacy.
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Category 4 and 5 storms could become more common and hit further north.
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Last year, the firm obtained a Class 4 license in Bermuda.
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Dan Prince said the firm will work with brokers’ existing relationships.
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Apax and Carlyle will continue to back the broker consolidator.
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The start-up aims to bind its first risk in Q4 2025.
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In the US, the index fell 6.7% year on year.
