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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Increased vegetation could spell trouble in the future.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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The executive’s departure comes amid a wave of cyber reshuffling in the industry.
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Reserves will join rate softening, margin pressure, as key topics in Q4 discussions.
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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh.
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It is understood that the MGA will use AI to try to identify claims patterns and litigation outcomes.
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While buyers enjoy favorable market conditions, increased costs from tariffs could spell trouble in 2026.
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The executive was previously head of casualty at the AIG subsidiary.
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The unit will be part of ICW Specialty, which launched in June 2025.
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This program is designed to provide insurance for small contractors.
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Casualty and auto loss costs continue to rise due to inflation as we head into 2026.
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The MGA’s property team buildout was led by Clif Hope, former Lexington head of property.
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Sources said they expected FM to keep around $2bn of the maximum line net.
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Insurance has been an increasingly salient issue among politicians in the state.
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The executive worked at Price Forbes in various positions, including aviation director and LatAm CEO.
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The company’s policy count has been declining rapidly in recent months.
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FM announced a new super-sized $5bn data center line as it grows book value $3bn-$4bn a year.
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The multi-line program seeks to support investors, developers and operators involved in the AI boom.
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The medical care index increased 3.5% over the past 12 months.
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Risk and commission conflicts in quota share agreements push deals further from either party’s interests.
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Wildfires and SCS led to $108bn of total insured losses globally, despite no major hurricane making US landfall.
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The 25-year industry veteran will report directly to CEO Adrian Daws.
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Preeti Gureja has held senior roles at Chubb and AIG.
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The July purchase has not been contested in bankruptcy filings.
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Mike Parrish and Howden US argue Marsh’s non-competes aren’t valid.
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The property insurer has secured significant additional capacity for its FM Intellium unit.
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Modernized tactics springing from stolen online identities have surged post pandemic and are ramping up losses.
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The executive will take the position left vacant by Alain Bizet, who moved to lead Chaucer LatAm in Miami last year.
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The appointments will grow Augment’s programmes operation.
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eMaxx Reciprocal Insurance Exchange will write commercial P&C as an insurer and reinsurer.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The move is one of several promotions that shake up the property, cat modeling and client/broker relationship teams.
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The specialist insurer, meanwhile, expects growth opportunities in homeowners’ this year.
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Oliphant was the president of the property division for Core Specialty for five years.
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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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The carrier will offer $10mn per risk, targeting large corporations.
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Matthew Stitham replaces Donnacha Smyth, who was promoted to global CUO, casualty.
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2024 was the sixth consecutive year when the liability inflation index surpassed economic inflation.
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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 $100mn ABC tower led by Berkshire Hathaway Specialty remains under an automatic stay.
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The move marks the firm’s intention to broaden its US reinsurance offerings beyond facultative capabilities.
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The bill would also mandate guaranteed replacement cost coverage.
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Its platform includes a US-based E&S carrier, a Lloyd's syndicate, two coverholder MGAs and more.
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Court filings confirm previous reporting from this publication.
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The market is now approaching something that “looks like equilibrium”.
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Syndicate 3705 adds to the MGA’s roster of capacity providers.
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Andersen’s annual target compensation as successor will be $18mn, after he assumes the CEO role in June.
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Worsening market conditions drove the majority of P&C stocks to underperform the S&P 500 in 2025.
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The executive joins newly appointed US CEO Justin Camara.
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The program complements the MGA’s middle-market offerings.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The state is drought-ridden, hail threatened and potentially making major changes this year as a result.
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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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An impending soft market further complicates the outlook for carriers with long-tail casualty exposure.
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The underwriting unit has also rebranded D&O specialist Leopanthera.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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California and Florida were up significantly, but premium growth slowed in Texas.
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The president and CEO will also be eligible for up to $50mn in shares.
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The first round of 2026 renewals was largely favorable for buyers.
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The ratings agency maintained a neutral sector outlook.
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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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Former Aon employees are barred from using Aon’s confidential information.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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This year, Brown & Brown, WTW and Baldwin emerged as major acquirers in the latest consolidation cycle.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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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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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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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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Ackman will need leaders like Ajit Jain behind him and make the right bets at the right price at the right time.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The company named two execs to head global wholesale and commercial.
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Valor Equity led the raise, which included Lightspeed and General Catalyst.
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Inflation was down from the 3% recorded for the 12 months ending in September.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The federal judge said South has direct knowledge about a previous raid involving Aon.
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The National Council of Insurance Legislators said insurance oversight should be left to states.
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Louisiana Insurance Commissioner Tim Temple outlined key priorities for 2026 in an interview with Insurance Insider US.
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The parties now have 60 days to file a stipulation to dismiss the action.
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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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A district court judge had dismissed the case in September, with prejudice.
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The company also promoted Zulma Suarez to CEO of Colombia and Venezuela.
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Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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Insurance deals leader Mark Friedman said there is a backlog of companies looking to go public.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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Attorneys and doctors targeted by the case claim Uber has no standing to bring a Rico suit.
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The executive’s 30-year career includes stints at Neon, Chubb and Arch.
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He served as SVP of transportation at ISC since mid-2024.
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The carrier combined its E&S primary and excess casualty units into a single group.
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This publication revealed earlier Everest could sell its LatAm and Canadian units.
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The proposal says oil companies cause climate change and, thus, increased cat losses.
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A motion to dismiss argues the case should not have been filed in federal court.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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The trucking carrier has been building out its executive team this year.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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The legal setback came as publication of a Fema reform report was postponed.
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The change was made on December 2 and was effective immediately.
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The company announced four internal promotions this week.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Trump’s shadow loomed over the beachside sessions.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The policy includes a $200mn limit with an additional $100mn for side A coverage.
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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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Investors recalibrate their expectations for the segment as the soft market approaches.
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The CEO said that new funding will be used to expand its underwriting capabilities.
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The executive co-led the US financial institutions business at BHSI.
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Ford had purchased a builder’s risk policy from the insurer.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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The years-long legal battle was brought on by a former employee alleging wrongful termination.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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The insurer says defendants billed “exorbitant” fees for non-existent services.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
