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In a note to clients seen by this publication, the risk modelling firm says the event may break records for insured winter storm losses. -
Justice Secretary Robert Buckland says the one-month hold-up is a response to stakeholder lobbying.
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The deal, pitched at a multiple of 12.2x 2019 earnings, follows disposal agreements for Axa in the Gulf, central and eastern Europe and India.
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The UK auto insurer expects to return most of the proceeds to shareholders.
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The GDV trade association reports below-average losses thanks to a quiet winter storm season.
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The carrier said there were plans to grow the team further and its US and non-US sides would be merged.
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The Irish broker was founded in 1961 and has around 200 employees writing both commercial and personal insurance.
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The InsurTech was locked in a dispute with Deutsche Telekom over whether it owns the copyright to the use of magenta.
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The investor wants the Finnish insurer to build on this week’s sell-down of Nordea Bank shares with further divestments.
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The carrier raises almost $655mn through the sale of new shares, while existing investors sell another $70mn of stock.
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The former Ironshore International CEO was most recently chief client officer of Liberty Mutual’s Global Risk Solutions.
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The New York-based InsurTech launched in Amsterdam earlier this year and made its European debut in Germany last year.
