Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal January 9, 2023 Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year...
Vista Equity Partners to Buy Duck Creek for $2.6B Cash January 9, 2023 By Chad Hemenway Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners...
Bankman-Fried Fraud Charges Sidestep Debate Over How U.S. Law Sees Crypto January 9, 2023 By Luc Cohen Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as...
M&A Drops From 2021 Record High but Activity ‘Solid’: Marshberry January 9, 2023 Following a record year in 2021, insurance agency consulting firm Marshberry said the amount of mergers and acquisitions in the...
Judge Approves $11M Fund to Settle Suit Against Zywave January 9, 2023 A federal judge last week approved an $11 million deal to end a proposed class action lawsuit against insurance technology...
People Moves: NFP Names Head of N.A. Construction Advisory; New Chief Underwriting Officer at Everspan January 6, 2023 NFP Names Canning SVP NFP has named Andrew Canning senior vice president and head of project risk advisory for the...
Russian Hackers Targeted U.S. Nuclear Scientists January 6, 2023 By James Pearson and Christopher Bing A Russian hacking team known as Cold River targeted three nuclear research laboratories in the United States this past summer,...
Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout January 6, 2023 According to MarketScout’s Market Barometer, the fourth quarter 2022 composite rate for U.S. commercial lines of insurance was up 5.1%....
Big Tech Layoffs May Further Disrupt Equity and Diversity Efforts January 6, 2023 2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or...
U.S. Targets Non-Compete Clauses That Block Workers From Better Jobs January 6, 2023 By Diane Bartz The U.S. Federal Trade Commission, which enforces antitrust law, proposed a rule that would ban companies from requiring workers to...