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The MGA, based in Fort Lauderdale, Florida, will write up to $40mn in physical damage and liability insurance for boaters.
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The Canadian pension fund makes its first foray into InsurTech with the investment in the Berlin company. -
A past industry critic of Root has shifted to a more optimistic view of the company’s future.
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The carrier is targeting 20 percent net written premium growth by 2022 and a GI combined ratio of 95 percent or less.
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The offering was put on hold amid fallout from the scuttled WeWork deal and reduced enthusiasm for Slack and Uber.
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Danny Towner joins as director.
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Market veterans Paul Voller and David Fairbank will lead the team.
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The underwriter is expected to arrive at the broker at the start of 2020.
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Restrictions on price rises at renewals are among the remedies the regulator is considering.
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The $3.1bn deal eclipses other US P&C transactions this year.
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EagleView accused Verisk of infringing patents for roof analysis tools in its Xactware repair estimate products.
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The president of Allstate personal lines opened the InsurTech Connect conference in Las Vegas on Tuesday.
