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The executive was named group CEO in January. -
Since leaving Hiscox Krefta has founded a consultancy.
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AIG veteran Kevin Bidney will focus on North American marine.
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Coverage will increase to $20mn per building.
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Joe Fobert will report to William Hazelton, EVP of Everest.
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The start-up is closing a Series A fundraise.
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There is a long waiting list of carriers looking to pull the IPO trigger, but market conditions remain tough.
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Growth came across all lines, and losses from catastrophe events were within expectations.
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The carrier has received 12,300 claims as of 28 March.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The decision comes after the agency refused to block a climate related vote at Travelers.
