Stocks
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The insurer has chosen a “take two” deal after buying Endurance, betting again on Bermuda. -
Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding.
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The S&P 500 outperforms as P&C tumbles on mixed earnings.
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The president expects to see benefits from the deal in H2 2026.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The broker posted a 6.5% drop in organic growth YoY.
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P&C’s outperformance lead dwindles, while specialty rises above other segments.
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Additional buybacks are more feasible if P&C stocks slip and pricing moderates.
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Above-market organic growth, mid-market M&A and talent infusions were all heralded.
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The aggregate gross proceeds from the offering are expected to be $113.3mn.
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Insurance outperformance slows as markets recover from tariff shock.
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The latest E&S player planning to IPO remains a “show me” story.
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