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Company-specific strategies will play a vital role in sustaining growth in the current market.
Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
The Insurance Insider US news team runs you through the earnings results for the day.
But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
The firm’s trajectory could, however, make it harder to meet guidance going forward.
Casualty, general liability and excess will also see rate pressure.
The Insurance Insider US news team runs you through the earnings results for the day.
Mike Neal and Mark Abate have been elevated to senior leadership roles.
Hearn has held CEO positions with several other units of the Ardonagh Group.
Quintes' revenues for 2025 are projected in the $110mn-$120mn range.
Quintes will continue to be led by Gijsbert van de Nieuwegiessen, CEO and founder.
Property rates are under pressure, with some accounts seeing rate decreases.
The Insurance Insider US news team runs you through the earnings results for the day.
Accounts with poor performance records are expected to see flat to 20% rate increases for cat coverage, according to Floridian broker Brown & Brown’s Q3 Market Trends report.
Cat rates meanwhile are seeing downward pressure from 'pricing fatigue’ and limit expansion.
The Insurance Insider US news team runs you through the earnings results for the day.
The announcement was made in a securities filing Thursday morning.
The charity supports mental health causes such as research and education.
Insurance Insider US examines public brokers’ 2023 M&A.
The broker’s Q4 programs reinsurance change led to a one-time $19mn charge that will allow it to reduce its PML exposure.
Brown & Brown Q4 organic growth slows to 7.7% on programs deceleration
The executive retired from Zurich effective 31 December, 2023, most recently serving as chief transformation officer, after beginning her career with Zurich in 1991.
Founded in Volusia County, Florida in 1948, Caton Insurance merged with John Hosey agency in 1993 to create Caton-Hosey Insurance.
The Insurance Insider US news team runs you through some of the key M&A intelligence from the past week.
Competitor news
Competitor news
Competitor news
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium. -
The arrival of Marsh’s Donnelly will "accelerate" US specialty growth, the CEO said.
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CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
Insider On Air: Our Webinars & Podcast Channel
Webinars
Webinars
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In Partnership With Moody'sJoin Insurance Insider, in partnership with Moody’s, for a free webinar, 10:30 ET/15:30 GMT on Feb. 18
Podcasts
Behind the Headlines Podcast
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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?
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We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment.
From our other titles
From our other titles
From our other titles
From Insurance Insider US
Week in Brief: Everest Agonistes, M&A update, wildfire aftermath, Q4 earnings kickoff
A quick roundup of our best journalism and research of the week.
From Insurance Insider US
Aviation market faces multi-hundred-million loss on Washington crash
Starr-leads the WTW-placed all-risks cover for American Airlines.
From Insurance Insider US
Mercury reveals $1.24bn second event cover as LA claims mount
The carrier can claim separately for the Palisades and Eaton fires if necessary.
From Insurance Insider US
Evacuations ordered as major wildfires rage in Los Angeles
More than 4,000 acres are burning as thousands evacuate.
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.
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.