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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit. -
The ratings agency cited enhanced scale and diversification through organic growth.
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The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.
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The long-time Allianz and Hive executive will be based in New York City.
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Cavello Bay Re will provide paper for the MGA’s business written out of Bermuda.
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The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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Sources said Atlas’ owner is selling the retail agencies but will retain the Hawaii carrier Island Insurance.
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Capacity has gone up slightly, with new entrants and incumbents feeling better about their books.
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