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The Florida homeowners’ InsurTech went public today at $17 per share. -
Slide will also expand its footprint to New York and New Jersey towards the end of the year.
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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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The carrier is pricing shares at the upper end of the range announced this month.
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The insurer first noticed “unusual network activity” on June 7.
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Florida regulators have also approved takeouts for Mangrove and Slide.
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Fallon will retire in January 2026 after 30 years at the company.
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This is up from last year’s $1bn protection for its Florida treaty.
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The pair joined MMA after the $7.75bn purchase of McGriff in November.
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An active hurricane season threatens to weigh on hard-fought capital and underwriting margins.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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