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Our latest coverage
Our latest analysis
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The funding from BP Marsh has enabled a management buyout from Castel Underwriting Agencies, with the management owning the remaining 65% of Verve.
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Bastion Risk Partners will operate autonomously as a provider of specialist (re)insurance solutions for a wide range of commercial entities.
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Details of the bids are being closely guarded, but sources said they expected a valuation of $400mn or above if a deal is consummated.
