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Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.
The Insurance Insider US news team runs you through the earnings results for the day.
Aviation reserve strengthening added 10.1 points to the combined ratio.
Perlman has been at MMA for over six years, most recently as president of national business insurance.
The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
Four cat modelers have also submitted their tech for regulatory review.
The executives will join the company in the coming weeks.
“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
Wows will offer coverage tailored to high-value properties, written on non-admitted paper.
The company said it now expects the transaction to close in H2 2025.
The market is up against emerging risks and a whole heap of uncertainty.
The carrier has seen increased legal system abuse in US small commercial and excess and umbrella.
The Insurance Insider US news team runs you through the earnings results for the day.
The London D&F market will shoulder most of the losses.
The carrier is only going to write new business on E&S paper, sources said.
The executive, Mike Schell, has over 50 years of industry experience.
He served in the role since the Applied Underwriters segment’s inception in late 2023.
The MGA will be trying to replace the transactional liability capacity in the coming weeks.
Florida House speaker Daniel Perez is seeking an investigation into the charge.
The California broker’s pro forma revenue for full year 2024 was $268mn.
Delegated underwriters are seeing an opportunity to write in the PVT market as an add-on to property coverage.
At the PLUS D&O symposium, executives raised concerns over tariffs and the role of reinsurance.
Inflation, supply chains and tariffs also add to the challenges, he said.
Q4 net retention was impacted by the previously announced ADC.
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The Insurance Insider US news team runs you through this week’s key agency M&A. -
Insurers and distributors must adapt or risk irrelevance.
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D&O liability premiums have declined by double digits in seven of the last eight quarters.
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In Partnership With Allianz CommericalThe proliferation of broker facilities has been a growing trend – but is it just a symptom of the market cycle?
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In Partnership With Allianz CommericalWhat should we expect in the world of deal-making in 2025? According to Tony Ursano of Insurance Advisory Partners, the stage is set for a spree of transactions. In Lloyd's, it's a question of when, not if deals will take place. Meanwhile, the MGA market remains "red hot".
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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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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.