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The underwriter has held positions at The Hanover, Liberty Mutual and Zurich. -
Wildfires resulted in heavy losses for insurers focused on HNW, personal lines and reinsurance.
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The executive has been with the firm since 2011.
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Additional investors include Fidelity, Apollo Funds and Gallatin Point.
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A quick roundup of today’s need-to-know news, including Florida renewals and Itel's acquisition.
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The sale process was first reported by this publication three months ago.
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As with 2024, pricing pressure has been most acute on top layers.
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"Smoke damage is real damage," Commissioner Lara said.
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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.
