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Industry sources estimate the market to be around $3bn.
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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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The lawsuit alleges that the attorneys' negligence caused HDI to pay 64 times its policy limit.
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In January, Archer expanded its capacity with Lloyd’s backing.
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The partnership will launch a new umbrella excess insurance product.
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Mangrove can take out up to 81,040 polices while Slide’s limit is 15,000.
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The Californian insurer is buying the medmal carrier for $25.00 per share, or a ~60% premium.
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Colorado and New York have already passed regulations regarding insurer AI use.
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A quick roundup of today’s need-to-know news, including ProAssurance, AmTrust, Price Forbes, Spinnaker and more.
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Evercore has reached out to a combination of strategics and private equity houses.
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CEO Kieran Dempsey will relinquish the additional title of president.