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The executive was an EVP at the Innovisk-hosted MGA, which will enter run-off for 2021.
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The executive will work as a business development manager, raising awareness of the need for coverage.
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A “change of control” clause also gives hosted MGAs the opportunity to find new platforms if they wish. -
CEO Danny Maleary also highlights ambitions for his firm to pioneer a packaged incubation/risk-bearing platform approach for MGAs.
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The new entity will begin accepting risks on 1 November.
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A recent Clyde & Co survey shows carriers are more bearish than MGAs on capital provision, and their demands are changing.
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The yacht operation is led by experienced underwriter Paul Miller and both the team and book of business will move across.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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The venture is led by Guillermo Eslava, a former Swiss Re and Brit underwriter who briefly joined Argo in 2019 as head of LatAm casualty.
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The listed investor aims high for the growing MGA despite Covid-19 challenges.
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The 50:50 joint venture will sell automotive and mobility insurance products, starting in France next year.
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The Lloyd’s coverholder writes a variety of professional liability business.
