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The Copenhagen-based MGA is led by CEO Lars Hendriksen.
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Barbican head of financial and professional lines Andrew Pearson resigned earlier this month.
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Nearly all of them supported the transformation of delegated authority.
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Three unnamed mega-carriers will write $900mn of premiums to support the company’s underwriting teams.
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Lauren Webb started her career as a professional indemnity writer at RSA.
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The Nephila-backed MGA platform will add nine underwriting teams to the existing three. -
The key to working together relies on developing symbiotic relationships, CEO Maffeo says.
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The deal comes after the buyer secured $400mn backing from CDPQ.
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The launch follows the hire of Neil Beaton in November
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The MGA adds more East Coast states, bringing its total served to 16.
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Two executives join from LV=Broker to run the small business unit.
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The process looks set to value business at upwards of £180mn, or 12x Ebitda.
