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PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size. -
The broker has recently unified its global financial lines practice.
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The combined ratio improved by 3.2 points, from 80.9% in 2023 to 77.7% in 2024.
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Larger companies ranked regulatory breach as their top risk.
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The London wholesaler rebranded from GAWS of London in March last year.
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Andrew Johnson, Edwina Charlton and Rupert Newman join from Paragon.
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Underwriting conditions in the financial lines market have deteriorated after major hardening.
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The broker said clients could expect to see double-digit rate decreases this year.
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The facility is backed by a $10mn Lloyd’s binder.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
