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Marsh is also suing a second tier of former Florida leaders. -
Interim CUO Nick Pritchard turned in his notice in August of this year.
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APAC now represents roughly 15% of all Lloyd’s premium.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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The energy broker’s career also includes a stint at Price Forbes.
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The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.
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The syndicate is expected to write ~$300mn of business in 2026.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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How do struggling governments across the globe tackle stagnating economic growth?
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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Everest’s AIG deal meaningfully cuts its primary exposure.
