Start-ups
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MIC Global will become Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 for 2025 -
The underwriting venture, Florida Re, will target both US and LatAm markets.
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Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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Hundle & Partners will provide capital support for the business, which will focus on acquiring corporate liabilities.
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Sources said the venture will look to service both US and European corporates and is backed by family office money.
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Morant will be CEO, with Jardine chairman and Reith on the board, it is understood.
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The Lloyd’s broker will target business in Australia, Asia and Brazil.
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The incidental syndicate will also house Liddell’s A&H team and Carr’s marine liability team.
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A standalone syndicate could offer capital, trading, and licensing advantages.
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The move follows work to create a capacity rental venture with members’ agent Argenta.
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The marine expert has worked for Axa XL and Catlin for most of his career.
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The hard market has not burst the MGA bubble – and now interest is on the rise again.
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