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Oliphant was the president of the property division for Core Specialty for five years. -
He will join the company on January 15 as SVP, global market and product relations.
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The team will focus on distressed, hard-to-place accounts.
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He was previously property practice leader for the Southeast.
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Insurers have thrown fuel on the fire of the soft property market and brokers will struggle to eke out organic growth.
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The bill would also mandate guaranteed replacement cost coverage.
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The program complements the MGA’s middle-market offerings.
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One avenue for capital freed up by a softer-than-expected renewal could be more M&A.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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This is lower than some estimates, which had put insured losses at over $30bn.
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The first round of 2026 renewals was largely favorable for buyers.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Specialty was the busiest segment but still recorded a YoY drop of seven points.
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The facility has expanded to cover construction and renewable energy risks.
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In a state prone to SCS, wind, floods and freezes, carriers are still fighting for market share.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The company named two execs to head global wholesale and commercial.
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Inflation was down from the 3% recorded for the 12 months ending in September.
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The commissioner said more work needs to be done, but big companies are interested in coming back.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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The executive’s 30-year career includes stints at Neon, Chubb and Arch.
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The proposal says oil companies cause climate change and, thus, increased cat losses.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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The legal setback came as publication of a Fema reform report was postponed.
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The company announced four internal promotions this week.
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Trump’s shadow loomed over the beachside sessions.
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MGAs going public is now a viable option, but dominating a market comes first.
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The highest portion of losses was experienced in Alberta.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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Former chief growth officer Michael Anderson has taken on the CEO role.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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The executives are based in Seattle and New York.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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The peril has been historically difficult to model compared to others.
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Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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The deal to reopen the government also extended the NFIP.
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The MGA began offering US commercial E&S property products in December.
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