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The Salt Lake City-based InsurTech said Canopius will join Scor, which has been providing underwriting capacity to Measured. -
The financial lines MGA said the appointments follow a recent investment from private equity partner Direct Capital Group.
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Brown & Brown was ranked as the largest MGA Group in the world as the first to generate more than $1bn in annual revenue.
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The company is raising a sidecar through JP Morgan for additional capacity from outside investors.
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Based in Miami, the executive joins BUA as partner, working alongside managing director and CUO Juan Calvache.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Last week, the company disclosed an ultimate loss ratio of 36% for 2022, as the market softened after a period of dramatic hardening in 2020/21.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The transaction, which was announced in early January, included Ambridge’s operations in the US, UK and Germany.
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Morgan Stanley served as exclusive financial adviser to Neptune. Howden Tiger Capital Markets & Advisory acted as financial adviser to Bregal Sagemount and FTV.
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The transaction is at a 97% premium to Trean’s closing price on December 15, 2022 and a 133% premium to the 30-day average price per share of $2.64.
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Inside P&C’s news team runs you through the key highlights of the week.
