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The deal is the D&O MGA’s first acquisition since launching in 2021. -
Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
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The year-to-date deal count for the industry stands at 85, 9% lower than at this point in 2023.
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The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
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Quintes' revenues for 2025 are projected in the $110mn-$120mn range.
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W&I premium rates have fallen as low as 0.4% in the UK.
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The company announced in June that it had agreed to take a majority stake in the firm.
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4809 Broker’s client base includes reinsurers, banks, funds and PE firms.
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This is Carrick’s second transaction this year and Insurance Insider understands it expects to complete others before year end.
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The firm escapes public market distractions and long-term undervaluation, but the low mark will hurt peer companies.
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The ratings agency said Sixth Street provides flexibility through long-dated capital.
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The judge relied heavily on a previous UK court decision.
