Operations/tech
-
The PE house and the London market wholesaler will submit bids in just over a week. -
The ratings action follows the agreement with Arch Capital to buy the struggling company.
-
Co-founders include former Lockton executive Bill Kost.
-
Insider Elena Lieskovska will lead a new insurance segment.
-
The brokers will work in risk analysis as well as directly placing coverage.
-
The start-up counts Westchester, Hiscox and Beazley among its carrier partners.
-
The funding round is the latest move in an arms race to reinvent back office functions.
-
Former Markel underwriting executive Trevor Carvey will also be part of the leadership team.
-
The would-be buyer presses for a non-disclosure agreement with the hedge fund reinsurer to allow due diligence to start.
-
The per-share price is a 35% premium to yesterday’s close.
-
The insurance holding company confirms it will take 72% share in the Lloyd’s (re)insurer.
-
Clix index will provide insured loss data for all major nat cat events since 2000.
