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The program was developed in collaboration with Allianz Commercial.
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.
Homeowners’ insurance rates have spiked almost 60% since 2018.
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.
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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Podcasts
Behind the Headlines Podcast
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Insuring the transition is frequently touted as a major growth opportunity, but when it comes to renewable energy, complications abound. Natural catastrophe, evolving technology, and data scarcity all add to the complexity of underwriting in the class. GCube's Fraser McLachlan has been operating in the renewables sector over several market cycles, and gives his insight on the latest dynamics in the class.
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What is the purpose of the Underwriting Room in the post-Covid working world? According to Lloyd's Market Association CEO Sheila Cameron, the Room remains the "beating heart" of the London insurance ecosystem, and there is "overwhelming support" to maintain it. In her role at the LMA, Sheila has a unique insight into what is top of the agenda for all 55 managing agents. Tune in to the podcast to get the latest on Blueprint Two, the state of regulation, and leadership diversity.
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Listen in as Aegis London CEO Alex Powell discusses how to underwrite profitably through the cycle, the carrier’s growth in the cyber market, and the company’s future strategy.
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.