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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The Bain-backed fronting carrier acquired Spinnaker’s shell subsidiary earlier this year.
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Executives said the company continues to shrink its book of business in markets with poor underwriting conditions.
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The lawsuit involves an alleged $100mn+ Ponzi scheme.
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Following the closing of the deal, Aviad Pinkovezky will be named First Connect CEO.
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The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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The CEO said his company is in good shape despite the landfall of three storms this year.
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Both appointments are effective immediately.
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She steps in to replace Phil Taylor, who left the company in September.
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Heritage’s Q3 combined ratio improved 10.2 points to 100.6% driven by lower losses and expenses.
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Sources said that the AmTrust-backed fronting carrier has retained Evercore to run the process.
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In other property, Helene and Milton will assure rates remain attractive, he added.
