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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The firm’s statement followed allegations in Israeli tech media of missing collateral linked to deals it was concerned in.
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Inside P&C’s news team runs you through the key highlights of the week.
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With the macro environment drying up capital streams M&A has slowed, but IPOs are reflective of pricing opportunities.
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Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).
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After pricing below the expected range at its IPO, the Fidelis stock price slipped on the first day of trading - here's how other (re)insurance IPOs have gone since 2000.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Fidelis shares closed down from the $14 per share price set for the IPO, or a 0.8x multiple of its $17.19 book value per share at end of Q1 2023.
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Bruce Lucas added that the company is no longer pursuing a Series B round.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The fundraising includes $80mn of convertible preferred equity, which closed on June 23rd, as well as $25mn of long-term debt financing for Hagerty Re.
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The reciprocal’s purpose is to deliver additional US property catastrophe capacity to existing and new policyholders of Victor's subsidiary, International Catastrophe Insurance Managers LLC.
