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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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The firm laid off senior leaders this month, weeks after it began pursuing a sale, this publication can reveal.
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The hybrid fronting carrier was launched last year and is led by Talbot alumnus Sam Reeder.
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The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
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The new offerings will be part of the specialty reinsurance portfolio.
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Bryan Salek and Angela Kirby will lead the new segment as SVPs.
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The deal follows Bishop Street’s acquisition of Ethos’ TL operations from Ascot.
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Rivera will succeed current CEO Carlos Rivera, effective January 1.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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Insight into the current state of the insurance M&A market, powered by the Insurance Insider US M&A Deal Tracker.
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A jury found the retailer defamed a former driver with false claims of workers’ compensation fraud.
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The Insurance Insider US news team runs you through this week’s key agency M&A.