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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer. -
The new line is in addition to its existing Bermuda and US excess casualty products.
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The Bermudian’s reserves will be on watch when its Japanese parent reports earnings.
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The carrier confirmed the appointments of Barrett and Tinworth to the property team.
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The broker has been adding to its capabilities in the region.
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The pace of price decreases has eased since Q2 last year.
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InsurX launched into the D&F market earlier this month and plans to facilitate the placement of around $30mn of property D&F business.
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The LatAm telecoms company buys a sizeable protection triggered by windspeeds.
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The platform has signed up brokers such as Miller and Gallagher and carriers such as Beazley and Atrium ahead of its market launch.
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The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
