Operations/tech
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The agreement follows a share-swap deal between the two companies.
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About 44mn additional shares in the carrier are expected to go on sale Tuesday. -
The InsurTech announced a partnership with Lockton Re earlier this month, and completed a fundraise in the fall.
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The Irish broker was founded in 1961 and has around 200 employees writing both commercial and personal insurance.
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Assurant has been the primary underwriter on EPG’s protection products since 2018.
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The scheme is expected to commence following the report of Q4 earnings, and last until the end of 2022.
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The appointment comes after mass resignations in the Latin American team earlier in the year.
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The deal further expands the platform’s access to customers through the independent agent channel.
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The milestone was set out in a combined all-staff townhall as the firms look forward to an H1 close.
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Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
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The newcomers join BHSI alumni Dan Fortin and Todd Greeley.
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The ratings agency has affirmed the reinsurer’s financial strength and long-term ICR ratings while flagging underwriting concerns.
