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The deal will create a personal lines firm controlling £3bn in premiums. -
AI was the hot topic throughout the InsurTech Insights event.
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This follows the broker’s report last year, which also found a “notable uptick” in claims.
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The UK and Ireland led in the EU market, with 232 deals announced.
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Direct Line had rejected two prior attempts by the Belgian carrier.
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The unit will target Northern European M&A within the next six months.
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Retentions and coverage could be affected by future adverse claims trends.
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The Goldman-backed consolidator branched out into MGAs this year.
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The talks are advanced, and the process is likely to move rapidly.
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The deal comes after 127 transactions for Risk Strategies since 2018.
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The transaction is expected to close before the end of the second quarter.
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The agency will track the potential impact of the lawsuit on James River’s ratings.
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