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The new effort, Axis Digital Ventures, will be led by Zach Powell, who had helmed corporate development.
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The Insider 50 grew by 1.5 percent last week, with all but 13 companies in the index posting a gain in their share prices.
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The market curtailed its projections as carriers failed to secure sought-after rate rises.
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Early reporters Travelers and RLI signal the rising primary rate trend continues.
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The Insider 50 rose marginally last week as the second quarter earnings season started.
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Given some of the eye-watering multiples that have characterised recent carrier M&A deals, it seems like a good time to query whether some of these acquisitions are worth the price paid.
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While reinsurers are benefiting from low cats, pricing fundamentals remain weak.
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There were positive share price changes over the quarter from only 13 companies in the index.
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Advent has made an underwriting loss each year in the past three years, and received the Lloyd’s remediation letter.
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With a strategic review in process, could Maiden face activist pressures like its sister company AmTrust?
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The Insider 50 gained ground last week, with 39 companies posting week-on-week price increases.
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Solution to the problem of access to business has created an issue with dependence on its underwriting manager.