-
Inside P&C’s news team runs you through the key highlights of the week. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Recent top line growth and improved performance will need to be weighed against historical underperformance at group level, but the opportunity could attract a non-traditional buyer.
-
The carrier is offering 65 million shares of common stock, out of approximately 648 million total shares outstanding.
-
Forecasts for “near-normal” activity may mean the chance at a reprieve for the Florida market, but a history of underestimates warrants caution.
-
Onex reduced its position in the wholesaler by almost two-thirds to nearly 3.7% from around 11.3%, while president Tim Turner sold ~700,000 of his nearly 4.9 million shares.
-
The current status of debt ceiling discussions, or lack thereof, are rattling markets, but select P&C insurers look strong in a relative sense.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
Details of the placement are being closely guarded, but one source suggested the raise could be in the region of $1bn.
-
The intermediary employs over 150 staff members and has annual revenues of $15mn-$20mn.
-
The Dan Loeb-controlled investment firm reduced its position in AIG to 2.95 million shares, or ~0.4%, in Q1, from or 5.1 million shares, or around 0.7%, at the end of Q4.
