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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line. -
James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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A total of $2.1bn in Fema money has been approved for the state.
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High winds are expected to return to the area Tuesday, however.
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The deal is the latest in a string of investments by the MGA platform.
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The business will trade via London, the US and Canada.
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The wildfire in Ventura County was 7% contained as of Friday afternoon.
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The Bain-backed fronting carrier acquired Spinnaker’s shell subsidiary earlier this year.
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Executives said the company continues to shrink its book of business in markets with poor underwriting conditions.
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Following the closing of the deal, Aviad Pinkovezky will be named First Connect CEO.
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The UK and Ireland have also seen “increased activity”, with four deals announced.
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The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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