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The sale price represents Elephant’s approximate net asset value. -
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Ki cut its top line by 8.7%, while Beazley’s smart-tracker expanded to $481mn.
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Ahead of the deal, Ergo owned a 29% stake in Next, which generated top line of $548mn last year.
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Followers will automatically support primary or excess Inigo quotes.
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Hickman has previously held roles at RSA, LV and Axa.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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The InsurTech is disposing of some non-core business units.
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The 2024 event saw 80 speakers address an audience of over 350.
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The minister highlighted London’s critical mass of expertise and tech innovation.
