Start-ups
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Dan Prince said the firm will work with brokers’ existing relationships. -
BP Marsh announced its backing of Amiga, which is led by Adam Kembrooke, last month.
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The MGA will write natural resources professional liability business.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
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The start-up has hired four people to join the division.
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The pair is looking to provide investment and strategic advice to early-stage firms.
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The former Volante chief is in initial talks with several parties.
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The Bermuda-based team is led by John Fletcher.
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BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
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The Corporation is poised to accelerate its investments in start-ups.
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Trade credit rivals Coface and Awbury are also entering the market.
