The companies will target the smaller commercial marine industry.
The company is being formed by Joe Monaghan and Joe Hissong.
The transaction is expected to close in the fourth quarter of 2024.
The deconsolidation is a result of AIG’s decision to waive its right to majority representation on the Corebridge Financial Board of Directors.
The new ticker symbol “BWIN” aligns with the Company’s rebranding to The Baldwin Group and related name change, previously announced on May 1, 2024.
BHSI has been providing capacity for Victor’s builders risk program since 2021 and collaborated with Victor to bring the contractors equipment product to market in 2023.
Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025.
HarbourVest Partners is the lead investor.
The new coverage is designed for law firms with 50 or fewer attorneys.
The transaction is Miller’s second Continental European acquisition.
The new office will enable Lloyd’s to realign its resources to centrally support brokers, coverholders and managing agents.
The transaction’s closing remains subject to customary conditions.
Ambac is paying $282 million.
Terms of the transaction were not disclosed.
This acquisition will expand Chubb's presence in the Australian aviation market.
