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The cyber business will continue to operate as a standalone entity.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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The company said the reduction was due to years of steady improvements.
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This is up from last year’s $1bn protection for its Florida treaty.
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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The Corporation is poised to accelerate its investments in start-ups.
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The Nordic operations have capacity provided by Allianz Commercial.
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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.