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With the added capacity, the MGA can offer up to $35mn per risk.
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Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
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Competition is high and rates remain under pressure.
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This follows the insurer reporting $56.4mn of losses from intellectual property business in Q2.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.Insurance Insider US news team , November 03, 2023
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M&G investments has committed the capital through its Catalyst private assets strategy.
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