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The executive had served as chief investment officer since 2000. -
Tornadoes have killed at least 32 people in three states.
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Sources said that negotiations are proceeding well with a path to do a cash deal.
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Competition and ample capacity are pushing premiums lower.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Unpacking how much excess capital there really is and dissecting the source of its returns.
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Previously, the auction drew takeover interest from DB and Dai-ichi.
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The executive is departing for a role at Birch Risk.
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Most sectors saw lower premium increases, with five reporting decreases.
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US national accounts head Paul Lavelle will retire as of June 1.
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The program will succeed the previous buyback launched in 2023.
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The executive joined the MGA in January 2024 and has spent his entire insurance career within the TL space.
