Motor reinsurance
-
The negotiations enter an advanced stage as the David Ross-led bidder continues to pursue MGA Nexus and work on the sale of its UK general commercial MGA. -
Jeff Greenberg's private equity firm enlists Evercore and Macquarie to explore options for the Lloyd's motor insurer.
-
Rainfall from the hurricane set a single-storm record at 3 feet in North Carolina.
-
The carrier has a 19.44 percent share for homeowners' risks and 18.72 percent for private auto.
-
F&I has annual revenue of about $10.5mn.
-
One analyst believes buying the provider of employee identity protection will help the auto insurer diversify.
-
Root plans to use the additional capital to bring its smartphone-based cover to more US states.
-
Improved underwriting saw the combined ratio fall 11 percentage points to 96.6 percent.
-
The deal involves both auto and property lines and will allow QBE to focus on other sectors.
-
Founder and chairman Sir Peter Wood to stay on post-deal and reinvest £50mn into the company.
-
The legacy carrier and consultancy SOBC Corp have jointly acquired the non-standard auto insurer in run-off.
-
The new MGA business will target car clubs and complex “one-off” risks.
Most Recent
-
Guy Carpenter restaffs in specialty re with Aon’s Burton
29 August 2025 -
Daily Digest: Top news from 29 August
29 August 2025 -
Sompo keeps door open to further M&A after Aspen deal
29 August 2025