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The executive joins Alliant after 13 years at rival broker Woodruff Sawyer, where until recently he was VC and private equity leader.
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Sources said the executive will join Mitsui Sumitomo in a leadership position based in Brazil.
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The ratings agency also downgraded carrier’s Long-Term Issuer Credit Ratings (Long-Term ICR).
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While November’s decline was only slightly less than October’s, the move lower was on Manheim's radar, given the typical seasonal downward trend that paused in August and September.
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Concert Insurance Group has promoted Alison Davidsen to the newly created role of COO.
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The former Aegis London CEO joins former AIG, Marsh McLennan and Ace CEO Brian Duperreault at the start-up.
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Mulberri will use the capital to expand its small and medium enterprise offerings, serving the risk needs of SMEs.
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Saul Fox, chairman and controlling shareholder, said: “Our M&A market information that suggested we pursue a transaction at this time was not realized.”
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The CEO said the strong performance of MGAs during market dislocation has made it more challenging to accurately value future growth potential of M&A targets.
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The executives will look to bring the company’s full suite of products to clients.
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Losses from severe thunderstorms have increased by 7% annually in the last 30 years, according to the Swiss Re Institute.
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HCI is offering one million common stock shares priced at $78 per share.
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