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Both executives will be reporting to EVP Bill Hazelton. -
The renewal book has auto, home, renters and condo policies, among others.
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Carlyle re-launched efforts to find minority investor last June.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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The model factors in the effects of climate change to date.
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The firm announced Q3 results alongside strategic actions that included an ADC deal with Enstar.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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Shapella will also join the company’s executive leadership team.
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The deal is the latest in a string of investments by the MGA platform.
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Multiple reinsurance brokers have pitched the firm for sidecars.
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The business will trade via London, the US and Canada.
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The Insurance Insider US news team runs you through the earnings results for the day.
