companies

Dye spent more than two decades at Capital One across operational and marketing roles.

Hippo-owned insurer Spinnaker Insurance Company has recruited Torben Ostergaard, the former chief risk officer of USAA, as CEO.

The transaction accelerates Gallagher’s evolution into a big global broker and risk management consultant.

At the carrier’s AGM, more than a quarter of votes were cast against a non-binding resolution to approve compensation arrangements.

The accusation centers on how the InsurTech stores customer information.

The CEO says the $3.6bn transaction accelerates AJG's European strategy by five years.

The PE-backed program administrator will offer customizable options to around 30 construction trades with liability limits of $1mn available.

The $3.57bn side deal is contingent on the closing of the bigger merger, which itself needs approval from regulators including the European Commission and Department of Justice.

S&P said it believed Gallagher can "non-disruptively absorb the acquired business".

AIG-owned surplus lines insurer Lexington is bringing to market a combined professional and general liability policy offering "dual tower aggregate limits" aimed at healthcare facilities in the small to medium-sized enterprise (SME) segment.

Winter storm losses pushed the carrier’s loss ratio for Q1 to 120%.

Despite the sizable divestitures at a painful price, the deal maintains its appeal across most strategic and financial aspects.