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Writing credit wraps for LitFin firms and steering third-party assets to them should stop. -
The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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Growth in construction projects is increasing the need for coverage.
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Insurance Insider US revealed last year that Intercare had retained MarshBerry to explore strategic options.
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The executive has previously held roles at CRC Group, Allianz and Nationwide.
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A quick roundup of today’s need-to-know news, including Canadian MGA Revau, Hub and Liberty Mutual.
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“Models aren't going to tell you what the emergent risks today are,” Dolan said.
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Insurance Insider US revealed last week that Hub had secured a ~16.5x Ebitda valuation in its “private IPO”.
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The two deals bring the combined company’s Ebitda to about $25mn-$30mn.
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The company completed its upsized IPO last week and traded up to 1.3x book.
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A quick roundup of today’s need-to-know news, including Marsh’s aviation poaching suit against WTW and Aon’s new property facility.
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The take-up rate will depend on the price discount and market segment.
