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The unit will operate via VerTerra Insurance, the company’s E&S insurer. -
Westfield will receive $260mn in cash and ~2.75 million shares of First Financial stock worth about $65mn.
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Taylor joined the firm last year as head of product innovation.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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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.
