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Insureon forms managing general agent with $3B in capacity

Insurance technology firm Insureon has formed Insureon UnderwritingManagers, a managing general agent that operates under Insurance Noodle, Insureon'swholesale brokerage subsidiary.

The business's formation follows Insureon's tribunalization withLloyd's of London earlierin 2016. Insureon Underwriting Managers has more than $3 billion of capacity securedfrom Lloyd's of London syndicates. It offers policies for coastal homeowners andhome-based business risks.