Service provider
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The company and its main debt provider Ares agreed to relax its debt terms in April. -
A former NOAA climatologist who left the agency is running the new operation.
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Earlier this year, Insurance Insider US revealed that the PE firm was looking to extend its investment.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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The executive has been with ASG since it was formed in 2016.
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As part of the transaction, PE firm Atlas Merchant has agreed to sell its interest in MarshBerry.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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Both organisations still predict an above-average hurricane season.
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The forecast has increased since the early July update due to several additional factors.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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The company provides management workflow for residential contractors.
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The executive said the claims industry is going to “be transformed”.
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The IPO was priced at $21 per share, up from the previous target range of $18-$20.
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The weather-modelling agency is predicting a below-normal season.
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The company resumed work on a public offering in September.
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A second look at the services deals boom powered by this publication’s M&A Tracker.
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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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The number has expanded by around 40% from an earlier update, sources said.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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This publication revealed back in February that Itel was being prepared for a sale.
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The sale process was first reported by this publication three months ago.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
