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Regulators have been keeping a close watch on the market, however.
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.
The company says the recent wildfires will be the costliest in its history.
At January 1 renewals, prices dropped 5%-15% for loss-free programs.
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
The average change for primary policies with the same limit and deductible was a 3.5% decrease.
Interest in maintaining current DUAE relationships outweighs forging new ones.
The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
Aon saw lower rates in reinsurance as capacity outstripped demand.
The company’s reinsurance business also has some exposure, the executive said.
The MGA and 49% owner SiriusPoint could bring in a new investor.
The carrier strengthened its GL reserves by $130mn in Q4.
The broker introduced 2025 guidance for mid-single-digit or greater organic growth.
Earlier this month this publication revealed Howden’s $2bn+ fundraising talks with Mubadala to fund a US deal.
AJ Gallagher expects to complete the $13.5bn acquisition of AssuredPartners in Q1.
The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
Large public US brokers generally still seem to have more flexible schedules.
The NFIP and NOAA were both targets in the Project 2025 crosshairs.
The carrier also grew TL written premiums by 11% in Q4 and 24% for the full year.
Claims related to California wildfires are "fairly insubstantial" to date, executives said.
Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
Legal experts say the bill, SB 222, stands a good chance of becoming law.
The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
Competitor news
Competitor news
Competitor news
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The business will trade via London, the US and Canada. -
Underwriting remains disciplined as insurers target profitable growth.
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The price for policies with the same limit and deductible decreased 6.0%.
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In Partnership With Allianz CommericalWhat is fueling the intense mergers and acquisitions activity in the MGA space, and how is it shaping the competitive landscape?
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In Partnership With Allianz CommericalFollowing several years of stellar returns for reinsurers, what does this year's January renewal pricing swing mean for clients?
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In Partnership With Allianz CommericalWhat is the fate of rating conditions in the coming year and how are major players preparing?
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The deal values the business just under its closing price on Friday, at 0.97x book value.
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