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SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs. -
Critics claim the dispute system denies consumers' key legal rights.
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The tech subsidiary applied to list its common stock on the New York Stock Exchange under the ticker symbol “XZO”.
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The insurer booked a $950mn policyholder credit expense in September.
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Founder Chad King will transition to chairman but continue leading M&A efforts.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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New home sales could be impacted by a prolonged stalemate.
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She previously served as Hub’s North American casualty practice leader.
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With the deal, sources expect backers Tiptree and Warburg Pincus to exit the Floridian insurer.
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Sources said they expect the carrier’s listing to raise about $100mn.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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Sources said that the carrier’s listing is expected to raise around ~$100mn.
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The company is estimating its IPO price at $18-$20 per share.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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A report by the ratings agency challenges current industry wisdom.
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Models anticipate a busier second half, particularly in the next few weeks.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The company generated $71.4mn in revenue for H1 2025.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising.
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The company said defendant "distraction" can’t make up for flimsy arguments.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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The insurer said it expects to begin writing business by the end of the month.
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The company plans to launch in New York and New Jersey next year.
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