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AIG veteran Kevin Bidney will focus on North American marine. -
Coverage will increase to $20mn per building.
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The executive said AIG’s E&S arm can grow 20% a year and generate $4bn of new business.
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The start-up is closing a Series A fundraise.
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There is a long waiting list of carriers looking to pull the IPO trigger, but market conditions remain tough.
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The carrier has received 12,300 claims as of 28 March.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
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The decision comes after the agency refused to block a climate related vote at Travelers.
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Jeanmarie Giordano joined the company last September.
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The company’s stock jumped 14% within 30 minutes of the market’s open.
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Defendants claim that Tradesman lacks standing to bring the case.
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The judge noted similarities in Dellwood’s business plan and AIG’s.
