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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process. -
Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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This is the New York-based firm’s first acquisition since launching in 2024.
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Michael Mora was appointed North America CEO just over a year ago.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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Underhill spent nine years at BHSI as global head of transactional liability.
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The Inflation Reduction Act 2022 established new tax credits to incentivize investment in renewables.
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Last month, Insurance Insider US revealed that former GTS Americas head Scott Pegram had left the company.
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With the added capacity, the MGA can offer up to $35mn per risk.
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In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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