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The executive left OdysseyRe last August, as this publication revealed at the time.
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The MGA previously hired Sara Valentine from Brit to launch in energy.
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The team will be led by Alejandra Hernandez Irizarry and Courtney Alonzo.
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Sources said the initiative includes former Ambridge executive MD Jeff Doran.
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The binder has a line size of $2mn and will enable the MGA to write international property risks in a number of international territories.
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Tom Fulford-Smith and Charles D’Alton previously founded and led marine intermediary Latitude Brokers in Hong Kong in 2014.
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The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest.
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It is understood that AUB’s investment in Mexbrit includes the broker’s marine-focused MGA subsidiary Forte Underwriters.
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The MGA writes business including forestry, surety and financial lines, and was granted Lloyd’s coverholder status in July.
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The MGA was without backing since March 2023, after Markel and Chaucer pulled their PVT paper.
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There are clear strategic advantages to the company’s London launch – but demand may not be as high as in the US.
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The question is whether the inherent value in CFC was in fact concentrated in departing executives David Walsh and Graeme Newman, or if the business can trade forward as it did.