Specialty carriers in the P&C and run-off segments will experience the most transaction activity in the insurance sector over the coming year, according to professional services firm Deloitte.
Alliant Insurance Services has increased its property-and-casualty (P&C) footprint in the US Northwest with the acquisition of Hecht & Hecht, a Portland, Oregon broker, the buyer said today.
Maiden Holdings shares fell almost 17 percent today after reporting a fourth quarter loss that almost doubled mostly because of troubles involving its reinsurance cedant relationship with sister company AmTrust, which one analyst believes faces more challenges itself.
Corvus, a Boston-based InsurTech startup that partners with major carriers and acts as an MGA targeting mid-sized firms, has received a $4mn seed round investment from Bain Capital Ventures, The Insurance Insider has learned.
