M&A

The group CEO also observed that the Big Three reinsurance brokers do have a competitive moat based on their scale.

The Crouse team is now a part of RT Specialty, the wholesale brokerage division of Ryan Specialty.

The executive was speaking at an investor day following the deal to sell PartnerRe to Covea.

The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.

ClarionDoor serves more than 70 customers globally across all P&C lines and provides a cloud-native, API-first, no-code, SaaS rating engine.

As part of the deal, Heritage will transfer ownership of carrier Pawtucket and MGA First Access, as well as claims and underwriting data.

As a result of the deal, EY, through its wholly owned subsidiary Shackleton, becomes a minority shareholder in IncubEx.

With the deal, Alera will expand its commercial P&C operations along with its footprint in Arizona.

Real Estate Insurance has provided real estate E&O insurance and cyber liability products across 32 states in the US.

The business has appointed two to its London team and 16 to its New York unit.

Acquisitive specialty brokerage Risk Strategies said Wednesday it bought Connecticut-based TriPoint Insurance, which provides a variety of products to middle market companies in the construction, manufacturing, wholesale, and skilled nursing verticals.

Fairfax has entered into an agreement with the Canada Pension Plan Investment Board (CPPIB) and the Ontario Municipal Employees Retirement System (Omers), where each of them will acquire a 4.995% stake in Odyssey Group for an aggregate cash consideration of $900mn.