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This is the New York-based firm’s first acquisition since launching in 2024.
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Large accounts property remains competitive as pricing softens, Greenberg said.
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The awards, now in their fifth year, will be held in New York at 583 Park Avenue on September 25.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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The carrier's Q2 reserve releases rose to $249mn from $192mn on favorable NA personal development.
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The insurer denies it is responsible for the actor’s legal fees.
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The segment is also seeing double-digit loss cost inflation.
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The former Corvus president will report to Ajit Jain.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The move consolidates the company’s leadership of primary and excess construction casualty lines.
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Recent inbound offers can “oftentimes” be a leading indicator that the market is slowing, he said.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.