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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The company is considering separating its program management business Accredited from its legacy division.
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The news confirms this publication’s report from last month that Doxa was in the market to raise preference shares.
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Recent data shows an increase in InsurTech short interest and a slight uptick for brokers and P&C insurers as a result of economic uncertainty following the banking crisis.
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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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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 move follows the carrier’s 30-point improvement in its combined ratio to 101.4% after markets yesterday.
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Sources said the Chicago-based retail broker is in the preliminary stages of work with the intention of securing an investment later in the year.
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At the end of October, the investor decreased its stake in the specialty insurer to around 3.05% from over 6.3% at the end of Q3, filings show.
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JP Morgan served as sole placement agent for the transaction.
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The move follows the company’s loss estimate increase to $1.54bn from a preliminary estimate of $1bn.
