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The carrier’s decision to withdraw comes just over a year after the partnership was announced. -
Tim Smyth, former CEO of Primary Group portfolio company RCHL, takes the helm of the MGA.
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The marine cyber MGA and risk manager was launched last year by ex-Standard Syndicate 1884 active underwriter Robert Dorey.
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In the post-Covid market, it looks likely that MGAs with scale, expertise and access to capital will win.
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The listed investor’s shares rise almost 17 percent in early trading.
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The pandemic means the MGA will hit the £500mn GWP trigger for a review faster than anticipated.
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She joined the broker after 16 years at Zurich, where she was senior vice president and regional sales director.
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The raise was led by Alpha Intelligence Capital, and was its first major InsurTech investment.
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Lewis joined Aon from TMK in September to set up the managing general agency.
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The target writes premium of about $12mn.
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The Carbon and Brit syndicate approvals are big test cases in two major Future at Lloyd’s initiatives.
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The launch would mark the first MGA entry into Lloyd’s via the new framework.
