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Both parties expect to close the transaction on 1 August 2024. -
A roundup of all the news you need today, including potential cyber re exposure to outage.
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Alongside the appointment, Adam Garrard will take on the new role of chairman of risk and broking.
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The approval allows Davies to extend its UK broker incubation platform in Europe through Brussels.
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The broker warned that D&O and P&C policies could also be impacted by the outage.
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CrowdStrike has an estimated 15%-25% market share among large companies.
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The carrier purchased an additional $150mn of cover.
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The incident highlights the aggregation risk around cloud service reliance.
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The modeller said 3 million homes were without power at its peak.
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A roundup of all the news you need today, including potential cyber market exposure amid the Microsoft outage.
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A selection of the top stories from the week.
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The executive said that with a single platform and capital base, the company had few distractions.
