MGAs
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The managing agency will also house SPA 6131.
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Clyde & Co’s survey shows that more than two-thirds of MGAs are expecting to expand carrier partnerships next year.
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Appropriate scale and differentiated products are vital for securing paper in current challenging conditions.
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The Series B funding was led by SoftBank Vision Fund 2 and will fund expansion beyond the core cyber class.
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This publication revealed in April that Evercore had been retained to run a process for the cyber-focused MGA.
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Ian Anson joined Rokstone last year as portfolio manager.
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Angus Pinner joins from Deloitte, with the carrier hoping the appointment will bolster its tax insurance offering.
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The two brokers have also agreed to non-solicitation clauses in their new deal.
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In an interview alongside Align’s founder Kieran Sweeney, the legendary London market entrepreneur also disclosed his company paid $800mn for the US MGA.
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Align’s founder Kieran Sweeney will run the merged business in the US, become executive chairman of Dual Group globally, and is joining Howden’s executive committee.
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Insurance Insider first reported in March that Asta had been put up for sale by its backers.
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The expansive MGA has launched into a number of lines of business in the past year.
