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The mortgage insurer said Inigo will continue to operate as a standalone business. -
The acquisition furthers Howden’s expansion into the US retail space.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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It said the loss did not reflect the underlying economic performance of the business.
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This publication revealed in February the incident was expected to lead to a major claim.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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A decision in relation to who bears which legal costs will be reached at a later date.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
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Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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