Inside P&C New York (Inside P&C Daily lead story): The Inside P&C Conference in New York kicked off with a lively discussion on the current capital raising environment, the "Golden Age" of E&S, the impact of the Vesttoo controversy, reinsurance expectations and more. Speakers reflected on the major events of the year and provided outlooks into 2024.
At-Bay and Relay: Cyber MGA At-Bay is exploring strategic options for its digital placement platform Relay around 13 months after acquiring it, Inside P&C has learned. A spokesperson for At-Bay acknowledged that the company is in discussions with potential partners but said that Relay is not for sale. In a statement, the spokesperson said: “We are in discussions with potential partners to support Relay’s mission to digitize the quoting process.”
News
Oakbridge: Atlanta-based brokerage Oakbridge Insurance Agency has secured an investment from middle market-focused private equity firm Audax as PE house Corsair Capital sold its stake in the company. Read more
Arch MD: Arch Insurance Bermuda has promoted long-serving executive Matthew Smith to managing director from the beginning of 2024, following the retirement of Tony Hay. Read more
SCM: Private equity heavyweight Warburg Pincus has placed its majority stake in the largest independent Canadian claims management firm SCM up for sale, Inside P&C understands. Read more
UIB: London intermediary United Insurance Brokers has entered the Peruvian market through local brokerages South Re and Jef Corredores de Seguros. Read more
Cyber risk: The 2023 Travelers Risk Index has put cybersecurity among the top three business concerns cited by the 1,200 participants surveyed. Read more
