A pre-packaged bankruptcy is when a company negotiates its restructuring plan with creditors before filing for Chapter 11.
The firm was co-founded by Anant Bhalla, Joachim Creus and Frank Engelen.
He will also continue serving on the Global Broking team under Anthony Izzo.
Vault is a high-net-worth personal insurance provider.
Sherpa is a Christchurch-based general insurance broker serving SME and corporate clients.
The changes follow the appointment of Perry Thomas as CEO earlier this year.
The new cyber coverages address two emerging risks.
As part of the deal, Uber will invest $300 million in Lucid.
The startup offers a platform automating policy analysis, data entry, and workflow management for insurance brokers
The merged company has also raised an additional $10 million.
Aviva will lead hyperexponential's AI beta program to explore the capabilities of the newly launched Actuarial Agent.
The NY-based startup offers products and services across the retirement investing, planning and spending spectrum.
The transaction is expected to close in Q3 2025 and is subject to customary regulatory approvals.
Quandri offers a renewal intelligence software that streamlines tasks and identifies actionable policy insights.
Neal was formerly the CEO of Lloyd’s of London.
