The move is in response to a 'shortage of capacity' in harder-to-place areas of the E&S lines market.
The downgrade 'creates a gap in the market that many will be eager to fill', says New Dawn Risk CEO.
The credit insurer has acquired a company owned by the Norwegian Ministry of Trade, Industry and Fisheries.
The catastrophe losses included claims from 15 new catastrophe events and three new named tropical windstorms.
The partnership aims to drive digital transformation with cloud-based broker platform.
The appointee has previously worked in a number of senior roles at Gerling, Catlin and XL Catlin.
The deal marks IRS's return to the insurance broking market after several years as a division of MS Amlin.
Ageas highlights its commitment to the commercial market through a new deal to support land and estates insurance.
Massachusetts-based insurtech firm Hi Marley has closed an $8 million A1 round, bringing its total financing to $18.6 Million, for product expansion.
The transaction aims to accelerate Sunstar's organic and M&A growth strategies.