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Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn. -
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Given a number of complexities, the landing zone on a take-out price is small.
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The downgrades reflect Gallatin Point’s recent acquisition of a majority stake in TRUE.
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A hearing with the Florida Office of Insurance is scheduled for February 21.
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The MGA will target small and mid-market firms and will also offer tech E&O products.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
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CSAA writes over 70% of its business in the Golden State.
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Auto-related CPI values continue to drop, while premium inflation hits new highs
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The company provides reinsurance to insurers in LatAm and the Caribbean.
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The CPI all-items index moderated to 3.1%, vs a 3.4% YoY rise for December.
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The new line is in addition to its existing Bermuda and US excess casualty products.
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