North America
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The Axis founder told this publication the business has also fallen short on governance standards. -
The InsurTech, which AIG opted to put into run-off, had projected premium income of $50mn in 2020.
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Upstream energy is unaffected by the pullback.
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Sources also named sector stalwarts Stone Point and Aquiline as potential sources of start-up capital.
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Tracy Dolin warns there is a potential for insolvencies if BI bills get through.
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Broker report models optimistic, moderate, severe and extreme outcomes from pandemic.
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Insurance carriers and private equity firms have been approached over the last few weeks to gauge their interest in the business.
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The veteran underwriter previously held executive roles at Qatar Re and Emirates International.
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The insurer files a counterclaim insisting the law firm’s policies do not cover its Covid-19 BI claims.
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Process servers showed up at some employees’ homes on Thursday evening to deliver documents, according to sources.
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Felipe Moncaleano Botero is one of three men named in a criminal complaint.
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Howard and Harrison have wrested the London piece of the account from Guy Carpenter.
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