CRC Insurance Services
-
The valuation for the Jay Rittberg-led program manager is understood to be $1bn+. -
Quota share is less common in the medmal space, where layered and shared structures have been dominant.
-
The Jay Rittberg-led program manager kicked off a strategic process in August.
-
Howden is facing fallout from its push into the US retail market via mass hires.
-
The portfolio encompasses $5bn+ of subject premium across ~75 programs.
-
An average of 81% of property accounts renewed flat or down.
-
The executive will continue to lead CRC Insurisk in the expanded role.
-
Renewal rates fell, despite elevated catastrophe losses.
-
A London wholesaler broker would be a compelling second move.
-
The CD&R and Stone Point-backed wholesaler said that further international deals may follow.
-
Sixth Street and Cornell also bid for the wholesaler.
-
The exchange is backed by $100mn in funding from CD&R and others.
-
They cover environment, political violence, equipment and cannabis.
-
It acquired wholesaler ARC Excess & Surplus, confirming an earlier report from this publication.
-
The program is being launched through subsidiary Southern Marine.
-
After a period of business building, MGAs will likely spend more time optimizing.
-
The group will house a segment for specialty and benefits and another for underwriting.
-
Talks are not preliminary, but a deal is not imminent for the two brokers, sources said.
-
Daniela Mills joins after more than eight years at Lockton.
-
The announcement confirms this publication’s report that Grim resigned from Brown & Riding.
-
Challenges in claims frequency and carrier competition are likely to remain.
-
This is CRC’s first purchase since parent TIH sold retail broker McGriff to MMA.
-
-
The broker has seen an “outpouring of interest” from talent looking to join since the Truist exit.
