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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight. -
The platform will capture and standardise data from all submissions, the broker said.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The ratings agency cited support from parent company MSI for the upgrade.
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He joined RPS in 1999 after a year-long stint as regional manager of Executive Risk.
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The regulatory body is also looking at AI rulemaking and catastrophe resiliency.
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The exchange is backed by $100mn in funding from CD&R and others.
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The executive previously spent 15 years in a variety of roles at Zurich.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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Tariffs could drive up property loss costs, but the impact on other items has been muted.
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PwC reported that deal volume decreased to 209 deals from 297, but values climbed to $30bn from $20bn.
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The impact of SAM claims is reverberating through the tower and the broader marketplace beyond hospitals.
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