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Evercore has reached out to a combination of strategics and private equity houses. -
The binder will provide capacity for international fac property, power and onshore energy.
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The property and specialty insurer reported underwriting profits of $131mn ($170mn).
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The company’s syndicate has booked an 87.4% combined ratio for 2024.
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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
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The transactional liability-focused MGA's Lloyd’s line is up from £37.5mn to £40mn.
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Staff who left SRG’s MX Underwriting will begin working for Canopy this year.
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The offering includes GA, aviation GL and airport and product manufacturers liability.
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The product provides primary and excess coverage limits up to £5mn.
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The executive said MGA and broking start-up activity looked set to continue.
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Is the MGA start-up boom here to stay?
