-
Specialty was the busiest segment but still recorded a YoY drop of seven points. -
Several lines had price decreases, while growth in most sectors slowed from previous quarters.
-
London-based Tristram Prior will transfer to Bermuda to lead the line of business.
-
The policy includes a $200mn limit with an additional $100mn for side A coverage.
-
The executive co-led the US financial institutions business at BHSI.
-
The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
-
The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
-
The hire advances Howden’s growth push in the US.
-
Next year will mark five consecutive years of insolvency increases.
-
The company has been growing rapidly since the summer, with at least 300 currently employed.
-
A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
-
The move comes after the company posted 52% YoY top-line growth in Q3.
-
The company announced four key leadership appointments on Wednesday.
-
Quota share is less common in the medmal space, where layered and shared structures have been dominant.
-
Veradace claims the deal benefits Tiptree management at shareholder expense.
-
The executive noted that an influx of new entrants in the E&S market is increasing competition.
-
The chief executive said he doesn’t expect to see a price drop anytime soon.
-
The broker will join Ron Borys’ financial lines team.
-
The global insurer will need to convince investors on the quality of the book.
-
Property insurance rates declined by 9%, the same as in the prior quarter.
-
Property pricing fell by 8%, while casualty rate increases tapered to 3%.
-
The Jay Rittberg-led program manager kicked off a strategic process in August.
-
Northeast Insurance said 55 claims were brought under the Child Victims Act.
-
The new chief executive has served on PI’s board since 2018, including as chair.
-
The broker will report to Howden US CEO Mike Parrish.
-
A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The $20bn+ TIV data center is seen as the leading edge of significant new demand.
-
Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.
-
The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
-
The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
-
Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
-
Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.
-
The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
-
The state’s Supreme Court upheld two lower court decisions finding no liability.
-
Company alum David Murie will lead the new business unit.
Most Recent
