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The business will operate as a full-service MGU under Amynta Risk Solutions.
The FIO is “entirely devoid of usefulness and duplicitous in its actions”, the letter to DOGE leadership reads.
Overall, the “Golden Age” of E&S continues, but with a few new caveats, such as moderation in property pricing.
Sonville’s hire was reported by Insurance Insider US last week.
The broker’s state of the market report noted that property pricing has stabilized.
A former executive claims he was terminated for reporting that III CEO Sean Kevelighan used homophobic slurs.
Executives have said that the carrier’s conservative reinsurance program made losses sustainable.
Florida is a state where the company is seeing more capacity in the market, especially admitted availability.
The executive had joined the firm from Chubb in May.
The suit seeks compensatory and punitive damages from 180 defendants.
The three lines add up to 80% of the deal.
Most US states have been silent on the regulation of parametric insurance.
The regulations are part of a state effort to expand wildfire coverage.
This is CRC’s first purchase since parent TIH sold retail broker McGriff to MMA.
Insight into the current state of the insurance M&A market, powered by the Insurance Insider US M&A Deal Tracker.
The company has been buying out Omers’ shares since 2015.
Ballan has prior experience at Liberty Mutual, Alliant Insurance and Davis Polk & Wardwell.
Ohio’s Supreme Court unanimously said the abatement fund isn’t covered by the paint maker’s insurance policies.
The carrier has used Lloyd’s London Bridge 2 structure for the launch.
A quick roundup of our best content of the week.
In October, this publication revealed that the carrier had resumed IPO preparations.
Sources said that Archer Transactional and BlueChip Underwriting will continue operating with existing paper providers.
Sources said Berkshire will move from the largest single capacity provider to a single-digit percentage line size.
CMP and BOP reached their highest levels in over a decade.
By contrast, capacity remains tight at the lead level.
Competitor news
Competitor news
Competitor news
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Sources said the executive will join AJ Gallagher in a regional leadership position. -
AIG launched an IPO of Corebridge Financial in September 2022.
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The sale of the business was confirmed in June.
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In Partnership With GuidewireJoin Insurance Insider, in partnership with Guidewire, for a free webinar, 11:30 ET/16:30 GMT Jan. 29
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Podcasts
Behind the Headlines Podcast
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In Partnership With Allianz CommericalLloyd's ambitions to attract large corporates to the marketplace is well known. But how has one of its major coups - the re-entry of Aviva via the acquisition of Probitas - impacted growth?
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How do you build a $400mn MGA? Navium Marine CEO Clive Washbourn told Behind the Headlines that his business is a "fighter jet" out hunting for deals. Navium has built scale by taking on risk "in a fairly aggressive way" with large line sizes available to deploy. Whilst the marine market is now coming under pressure, Washbourn still thinks there is "robustness" in rating, although making money in the volatile Red Sea war market is challenging.
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How is the market positioned to withstand Hurricane Milton?
From our other titles
From our other titles
From our other titles
From Insurance Insider US
Talent Tracker: Finpro and property had the most movement in 2024
Both the US and UK had busy summers, but the talent momentum in the US did not continue into Q4.
From Insurance Insider
Enstar to be taken private by shareholder Sixth Street in $5.1bn deal
The deal values the business just under its closing price on Friday, at 0.97x book value.
From Insurance Insider
Aspen promotes Dunleavy to president and Pickering to group CFO
The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
From Insurance Insider ILS
Chubb adds $1.7bn US cat top layer to treaty
The insurer also pushed up its retention by $650mn.
From Insurance Insider ILS
Hilti leads management buyout of Credit Suisse ILS from UBS
The sale is expected to be completed by the end of the year.
From Insurance Insider
Rouse appointed Kentro CEO as co-founder Thompson steps down
Stuart Rouse, Kentro’s CFO, will step into the role of group CEO with immediate effect.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.