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"Smoke damage is real damage," Commissioner Lara said. -
The assumption date for the combined 16,250 policies is August 19.
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Permanence and independence of a public company would be valuable, he told this publication.
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The industry veteran has also held roles at Marsh, Willis and CNA.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
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The executive had served as chief investment officer since 2000.
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Tornadoes have killed at least 32 people in three states.
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Sources said that negotiations are proceeding well with a path to do a cash deal.
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Competition and ample capacity are pushing premiums lower.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Unpacking how much excess capital there really is and dissecting the source of its returns.
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Previously, the auction drew takeover interest from DB and Dai-ichi.
