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CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.
Auto and homeowners’ insurance will see effects from the tariffs while construction-related lines could be especially hard hit.
The carrier was seeking to expand its March 1-renewing program.
“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.
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.
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Sources said that the MGA has been working with investment bank Waller Helms to find a potential investor. -
The news comes around three months after GTCR agreed to sell AssuredPartners to AJ Gallagher for nearly $13.5bn.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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Is the MGA start-up boom here to stay?
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In Partnership With Allianz CommericalHow does a young insurance company surpass growth expectations and successfully reposition itself in the market as a fully independent player?
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In Partnership With Allianz CommericalThe renewable energy sector is a major growth opportunity for the insurance industry but the loss experience has been challenging.
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