Operations/tech
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The broker joins a growing list of organizations severing commercial dealings following last week’s attack on Capitol Hill. -
AmTrust will use Bold Penguin’s in-app binding, while Bold Penguin will use the carrier’s payment plan options.
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He reports directly to Jonathan Zaffino and will join the business later in Q1.
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The outgoing chief will stand down in April after 23 years with the carrier.
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The injection leaves US private equity firm Golden Gate Capital as a controlling shareholder.
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Patricia Armstrong will work as CUO of the tower, while Brian Powers has been named CUO for major accounts.
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The Bermuda (re)insurance trade body elects officers for 2021-2022.
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Craig was previously president of healthcare at One Beacon Insurance, where she worked for 12 years.
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The agreement follows a share-swap deal between the two companies.
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About 44mn additional shares in the carrier are expected to go on sale Tuesday.
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The InsurTech announced a partnership with Lockton Re earlier this month, and completed a fundraise in the fall.
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The Irish broker was founded in 1961 and has around 200 employees writing both commercial and personal insurance.
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