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Clients are taking advantage of market conditions to restore coverage limits. -
In July, The Woodlands Financial Group closed its IPO of 11 million Class A shares with gross proceeds of $187mn.
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The ratings agency also assigned the insurer an a- issuer credit rating.
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The company yesterday promoted Jenna Ziomek to P&C leader for PE and M&A.
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A quick roundup of today’s need-to-know news, including Definity, and hires at Chubb and WTW.
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Deal sizes also remain high, with EVs in July averaging over $440mn.
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Included is the full utilization of $25mn available under its cat aggregate treaty.
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The executive has 20 years of experience in environmental risk and sustainability.
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Civil case, nuclear verdict and claims count data show worrying trends.
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The lawsuit demands coverage from insurers following opioid and product liability-related settlements.
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Sources said LSM head of third party in Miami Humberto Pozo will serve as interim head of distribution.
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Ziomek joined WTW in 2021 and has 17 years of industry experience.
