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A quick roundup of today’s need-to-know news, including Euclid Transactional, Conduit Re, Sompo and more. -
The lawsuit has been filed as sales talks with Sompo yielded a deal.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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The long-time Allianz and Hive executive will be based in New York City.
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Cavello Bay Re will provide paper for the MGA’s business written out of Bermuda.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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The all-cash deal values the Bermudian’s stock at a 36% premium.
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This publication first reported deal talks last week.
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Last year marked the second consecutive year in which carriers made a positive return.
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A quick roundup of today’s need-to-know news, including Atlas Insurance, Euclid Transactional, HDI and more.
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