AmTrust
-
Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
-
Surian will be responsible for state management and class appetite, while White’s new responsibilities include agent experience, product innovation, and third-party data strategy.
-
The transaction includes the MGA’s underwriting team and renewal rights to the portfolio.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Bublitz is one of five executives on the E&S team given expanded roles.
-
The deal fits with a broader strategy of simplification that has already seen several disposals.
-
Management should examine the relationship between company strategy, broader market cycles and short interest.
-
The listing follows the IPO of insurance-focused Delwinds and Hippo’s union with another blank-check company at a valuation of $5bn.
-
The carrier’s head of cyber, Aaron Basilius, says the market segment represents a huge opportunity.
-
Pine Technology Acquisition Corp will focus its efforts on InsurTech.
-
Jeffrey Batt and Michelle Ingrassia will work with Aaron Basilius, who joined from Munich Re last July.
-
Lou Canaras now leads the energy division of AmTrust Title Insurance.
-
Kodak shares leapt to a six-year high on July 29 as news emerged of an unusual $765mn loan from the US federal government to manufacture Covid-19 drugs.
-
Aaron Basilius last month joined AmTrust as a senior vice president of cyber.
-
The value of accounting adjustments made by Ronald Pipoly are said to have exceeded $300mn by the end of 2015.
-
The carrier will offer workers’ comp cover through the digital portal.
-
A New York judge dismissed a class action by investors, closing a long running legal chapter for the Stone Point Capital-owned company.
-
Daniel Pacicco joins from Assurant, where he was chief accounting officer.
-
The transaction reflects the seller's drive to focus on commercial lines and value-added services.
-
Investors filed the proposed securities class action last March following the delisting of $1.2bn in preferred shares.
-
Goldman Sachs will remain a minority investor in the company under the terms of the deal.
-
The plaintiff is seeking up to $2mn in damages amid claims of a hostile work environment.
-
Karkowsky became AmTrust CFO in 2017, having worked at the company in strategic development and M&A roles since 2011.
-
Class underwriter Geoff Thrower and underwriter Karen Yeomans have worked in the London property market for over a decade.