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Details of the bids are being closely guarded, but sources said they expected a valuation of $400mn or above if a deal is consummated. -
Cutting a multi-billion carrier in two looks likely to be the preserve of a select group.
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This new coverage will be underwritten by Falvey’s recently appointed inland marine underwriting team announced in late February.
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Typical targeted limits will be $4m excess $1m and $3m excess $2m with flexibility to write shorter layers as necessary.
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The news confirms this publication’s report from last month that Doxa was in the market to raise preference shares.
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If a deal is sealed, it will be the second biggest US MGA deal of the year-to-date following Amynta’s acquisition of Ambridge.
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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 fronting carrier’s reinsurance write-down is the first crack in the segment’s impressive edifice – it won’t be the last.
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The Texan program manager will provide trade credit insurance to the energy sector in North America.
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The new CEO is perpetuating what has worked in his predecessor’s strategy and refining certain elements.
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The new captive operation is domiciled in Tennessee, and LaDelfa will be based in New Jersey.
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The senior exits come a matter of months after the business was created in a landmark transaction.
