NU Online News Service, Aug. 10,3:17 p.m. EDT
New York-based specialty insurer Delos Insurance Group said it has signed a joint venture agreement with Avoca Insurance Holdings to form a new specialty underwriting management company. Transaction terms were not released.
The announcement said the newly formed underwriting management company will be named Naxos Avondale Specialty Casualty Inc., and its aim will be to enhance Delos' underwriting and service capabilities in the specialty casualty excess and surplus lines market.
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