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Sources said the agency first considered a debt raise but recently pivoted to a sale process.
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As data privacy litigation increases, insurers increasingly lean on exclusions.
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Tangram will become the inaugural portfolio company of Balavant Insurance.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Her predecessor will become head of US excess casualty and operations.
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The practice group will enhance the company’s existing offerings in E&S.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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The platform aims to “bend the loss curve”.
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The team previously operated with Sheerin and Woodruff but will grow to five brokers.
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Former head of construction Bill Creedon will assume the role of chairman.
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