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The investment will be used to expand its product portfolio and continue global expansion.
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A sub-$3bn industry insured loss event would be similar to estimates for hurricanes Beryl and Debby.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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Ellis will re-join Marsh after leaving in 2019 for a position at AIG.
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A quick roundup of this week’s best journalism.
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The deal marks Sentry’s largest transaction in its 120-year history.
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The lawsuit alleges the data is being used by insurers to increase premiums.
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A quick roundup of today’s need-to-know news, including Ajit Jain, Hurricane Francine and Sedgwick.
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Francine has been the eighth Category 2 or larger storm to make landfall in Louisiana since 2000.
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The company sees the surety market as a ‘highly attractive’ segment
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The move comes just days after the Warren Buffett-controlled conglomerate reached the $1tn market cap mark for the first time.
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Altas joins current investors Carlyle and Stone Point Capital.