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Bredahl has been appointed CEO and Bonneau as chairman. -
Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.
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There have been several personnel moves in the fast-growing tax insurance space recently.
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In January, 32 Acquinex employees resigned, with 22 moving to Howden’s underwriting arm.
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Motion Specialty will initially focus on high value home and flood insurance in the US.
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Delegates welcomed the FCA’s red-tape cut, but said more is yet to come.
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Sources said MarshBerry was retained earlier this year to run the sale.
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The executive previously worked at Hiscox and Aviva.
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The MGA is building out its product base from its latent defects and surety offering.
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The group has hired Hines Associates to advise on the process.
