Ryan Specialty has agreed to acquire managing general underwriter (MGU) Velocity Risk Underwriters, LLC from its current owner, funds managed by Oaktree Capital Management, L.P. for $525 million, while insurer FM is set to acquire the MGU’s excess and surplus (E&S) lines carrier.The pending acquisition marks the next stage in Velocity Risk’s ownership story, as … Read more
Colorado Gov. Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. The big idea is that pulling up stakes from the quasi-governmental insurance company would help the state’s ailing budget. The governor is … Read more
Kathleen Faries, CEO of Artex Capital Solutions, the insurance-linked securities (ILS) market service provider arm of Artex Risk Solutions, has emphasised a strategic focus on mergers and acquisitions, talent expansion, and building a dedicated carrier outsourcing practice heading into 2025.According to Faries, who spoke with Artemis in a recent interview, these initiatives will strengthen the … Read more
Choosing the right cell phone plan is important for budgeting and, of course, your phone needs. When comparing Visible vs. US Mobile, they are both great options, but which of these options is best for you? Check out the differences between Visible and US Mobile to determine which suits your needs the most. Visible vs. … Read more
France is reportedly preparing to send its nuclear-powered aircraft carrier, the Charles de Gaulle, on an extended mission that could include a historic first visit to Japan, a move analysts say is intended to send a message to both allies and hostile regional powers. “The message behind this latest French deployment is not just aimed … Read more
