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This follows the news that AmTrust will spin off some of its MGA businesses. -
The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
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The executive joins from MSIG USA.
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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The executive said the floor on D&O pricing is in sight.
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This is the New York-based firm’s first acquisition since launching in 2024.
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Michael Mora was appointed North America CEO just over a year ago.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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Underhill spent nine years at BHSI as global head of transactional liability.
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