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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal. -
The company plans to launch in New York and New Jersey next year.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Its partnership channel grew three times in new writings year-over-year.
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CEO Rick McCathron also said the company is seeking to diversify its portfolio.
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The company reduced its proportional quota share program from 55% to 20% cession.
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The executive has been with the company for roughly one year.
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The cyber business will continue to operate as a standalone entity.
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The company said the reduction was due to years of steady improvements.
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The Florida homeowners’ InsurTech went public today at $17 per share.
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The carrier is pricing shares at the upper end of the range announced this month.
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