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Models are now showing a hurricane coming ashore on the west coast of Florida near Fort Myers on Wednesday at 08:00 EDT with winds of 115 mph. -
Inside P&C’s news team runs you through the key M&A deals from the past week.
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The carriers appealing the settlement include AIG’s Lexington Insurance, Travelers, Allianz Global Risks, Liberty Mutual, GenStar, Munich Re, Argo and Old Republic.
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The brokers are working on finalizing the terms in a written settlement agreement, which could be filed within two weeks.
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Increased multiples of 16x-17x in the independent agencies sector and uncontemplated perpetuation plans are some of the factors driving the survey’s results.
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It is understood that the company is being advised by boutique investment bank Stonybrook.
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This would become an event of default under the company's outstanding $100mn senior unsecured notes due 2029 and $21mn convertible notes due 2026 if not discharged within 60 days.
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Tropical Depression Nine is expected to intensify to a Category 2 Hurricane as it nears the coast of Cuba next week.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
