Operations/tech
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Sirius shareholders favour the deal but dissent on compensation proposal.
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The territory has been relatively untouched by outbreaks of the virus so far. -
The start-up envisages expansion into insurance “in the coming years”, AM Best said.
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She will replace Kevin Condron in the position on his retirement due to a mandatory age limit for the role.
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The company is rebranding as Skyward Specialty Insurance as the revamp under the new chief executive moves ahead.
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Warren Buffett’s company trims its stake in Apple and exits Costco.
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A “change of control” clause also gives hosted MGAs the opportunity to find new platforms if they wish.
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The scheme will be expanded to six new US cities, including Houston, Minneapolis and Philadelphia.
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The market chairman says the new entry point for submissions will radically improve data quality for placements.
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The broker is continuing its push into insurance-backed IP financing.
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The broker had already reversed the 20% pay cut that was introduced for the majority of employees.
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Inside P&C looks ahead to the insurer’s results/call, with both comp and capital under scrutiny.
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