AmTrust
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The transaction includes the MGA’s underwriting team and renewal rights to the portfolio. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Bublitz is one of five executives on the E&S team given expanded roles.
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The deal fits with a broader strategy of simplification that has already seen several disposals.
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Management should examine the relationship between company strategy, broader market cycles and short interest.
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The listing follows the IPO of insurance-focused Delwinds and Hippo’s union with another blank-check company at a valuation of $5bn.
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The carrier’s head of cyber, Aaron Basilius, says the market segment represents a huge opportunity.
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Pine Technology Acquisition Corp will focus its efforts on InsurTech.
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Jeffrey Batt and Michelle Ingrassia will work with Aaron Basilius, who joined from Munich Re last July.
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Lou Canaras now leads the energy division of AmTrust Title Insurance.
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Kodak shares leapt to a six-year high on July 29 as news emerged of an unusual $765mn loan from the US federal government to manufacture Covid-19 drugs.
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Aaron Basilius last month joined AmTrust as a senior vice president of cyber.
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