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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies. -
The move was influenced by fierce competition in the domestic US D&O market.
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The specialty MGA has been pursuing an M&A strategy in recent months.
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PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size.
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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.
