Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s July 29, 2024 By Swetha Gopinath and Dinesh Nair A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius...
Brown & Brown Agrees to Buy Dutch Insurance Broker, Quintes Holding B.V. July 29, 2024 Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group....
Judge Finalizes Order to Stop Florida’s ‘Stop Woke Act’ July 29, 2024 TALLAHASSEE, Fla. (AP) — A judge issued a final order Friday to overturn a Florida law pushed by Republican Gov....
Bankrupt Steward Health to Close Two Massachusetts Hospitals July 29, 2024 By Dietrich Knauth Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them,...
Update: Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B July 29, 2024 By L.S. Howard Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 July 29, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...
Indivior Reaches $86 Million Opioid Settlement With 16 States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction...
Aspen Promotes Dunleavy to Group President, Succeeding Coleman July 29, 2024 Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive...
Update: French Internet Cables Severed in Latest Attack During Olympics July 29, 2024 By Benoit Berthelot and Jillian Deutsch A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the...
Wildfire in Jasper National Park Could Burn for Months, Canadian Official Says July 29, 2024 JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest...