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‘Deeply respected and widely admired’ former AIG, Lloyd’s exec Bolt dies
The industry veteran retired from AIG at the end of last year.
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The payment will cover what the filing called “foregone incentives at his former employer”. -
The PE firm held 3.1% of the company’s shares, but will now hold none.
Research
Research
Sizable reserve releases offsetting casualty reserve charges cannot last forever.
Softening rates amid worsening loss costs paints an uncertain future for the industry.
Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
Success in the soft market will be had when careful preparation meets opportunity.
Opinion
Opinion
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The Everest deal gives AIG a year’s worth of growth in a stalled market
Adam McNestrie and Mehr Gill
Latest news
Latest news
A quick roundup of today’s need-to-know news, including CRC and Euclid talks.
Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
Habayeb will start next May following Kociancic's retirement.
Similar bills targeting fossil fuel firms have been introduced in other states.
Featured
Featured
Featured
Quiet wind season leads Q3 cat loss ratios to drop across the board
Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
Most Read
Perspectives
Perspectives
When owners are not paying attention, discipline and governance are not top priorities.
Unpacking how much excess capital there really is and dissecting the source of its returns.
Here’s the five-pillar playbook for insurers ready to move from pilots to profit.
Despite elevated ROEs, insurers have remained disciplined.
Interviews
With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
The MGA is exploring new product lines including condos and renters, CEO John Chu said.
Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
The plaintiffs' bar has been playing out the same rulebook for 15 years. It’s time the defense catches up.
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Analysis
Analysis
Finance and insurance hiring is 27% below 2022’s peak, compared with 37% nationwide.
The mayor-elect has promised to build 200,000 new units in New York City.
Many nuclear verdicts become much less radioactive on appeal.
State regulators have largely avoided enforceable AI regulations, but bad news could change that.
Insider on Air
Insider on Air
AI and precise data can enable insurers to innovate policy durations, from annual to transaction-specific, offering more tailored coverage options, said Christina Lucas, Global Market Leader, Insurance, Google Cloud, during an interview at the PwC Insurance Summit.
Pushing 1 January renewals late in the season can undermine outcomes, said Maamoun Rajeh, President, Arch Capital Group. During an interview at the PwC Insurance Summit, Rajeh called for a bifurcated market approach combining strategic partnerships and a collaborative price discovery process months before renewals.
During an interview at the PwC Insurance Summit, SiriusPoint CEO Scott Egan highlighted the danger of pricing cycles. As pressure mounts after a quiet cat quarter, he urged reinsurers not to create pricing cycles by chasing volume at the expense of long-term industry attractiveness and risk adequacy.
In Partnership With
PwC
PwC Partner Matt Britten predicts a wave of dealmaking in 2026, driven by diversified third-party capital from hedge funds, private equity and more. With reinsurers seeking growth and new asset classes emerging, the market is set for increased activity and innovation, he said during an interview at PwC's Insurance Summit.
Upcoming webinars
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In Partnership with Moody's
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