US North East
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint. -
The outages began around 07:00 ET on Tuesday.
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The insurer’s system has now been out of commission for over two weeks.
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The Pennsylvania-based insurer experienced a 10-day network outage this month.
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The insurer first noticed “unusual network activity” on June 7.
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The company first experienced system disruptions on June 7.
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Previous complaints alleged their involvement, but this is the first time a complaint has identified the alleged funders.
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Lucy Clarke said the broking business was resilient in the face of macro challenges.
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Organic growth was flat on the prior year and in line with Q4 2024 figures.
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The underwriter will be based in New York and drive underwriting strategy.
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Shift to growth includes all geographies in which the company does business.
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Competition for specialty reinsurance talent remains high.
