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Based in London, the executive joined BMS nine years ago after a stint as MD at AJ Gallagher.
Commissioner Lara also proposed a $500mn cash infusion from parent State Farm.
Of the 178 passengers and crew on board, no serious injuries have been reported.
CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.
Auto and homeowners’ insurance will see effects from the tariffs.
The carrier was seeking to expand its March 1-renewing program.
“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.
Aviation reserve strengthening added 10.1 points to the combined ratio.
Perlman has been at MMA for over six years, most recently as president of national business insurance.
The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
Four cat modelers have also submitted their tech for regulatory review.
The executives will join the company in the coming weeks.
“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
Wows will offer coverage tailored to high-value properties, written on non-admitted paper.
The company said it now expects the transaction to close in H2 2025.
The market is up against emerging risks and a whole heap of uncertainty.
The carrier has seen increased legal system abuse in US small commercial and excess and umbrella.
The Insurance Insider US news team runs you through the earnings results for the day.
The London D&F market will shoulder most of the losses.
The carrier is only going to write new business on E&S paper, sources said.
The executive, Mike Schell, has over 50 years of industry experience.
He served in the role since the Applied Underwriters segment’s inception in late 2023.
Competitor news
What Your Competitors are Reading
Competitor news
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The Insurance Insider US news team runs you through this week’s key agency M&A. -
Markel had announced the exit from the line of business in the US last year.
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A quick roundup of our best journalism for the week.
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Behind the Headlines Podcast
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How do you build a $400mn MGA? Navium Marine CEO Clive Washbourn told Behind the Headlines that his business is a "fighter jet" out hunting for deals. Navium has built scale by taking on risk "in a fairly aggressive way" with large line sizes available to deploy. Whilst the marine market is now coming under pressure, Washbourn still thinks there is "robustness" in rating, although making money in the volatile Red Sea war market is challenging.
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How is the market positioned to withstand Hurricane Milton?
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We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment.
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Bermuda Market Growing Beyond NatCat
California wildfire losses will be significant but still manageable for Bermuda (re)insurers, John Huff said, as local carriers are leaning into specialty lines growth.
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Week in Brief: Everest Agonistes, M&A update, wildfire aftermath, Q4 earnings kickoff
A quick roundup of our best journalism and research of the week.
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Aviation market faces multi-hundred-million loss on Washington crash
Starr-leads the WTW-placed all-risks cover for American Airlines.
From Insurance Insider US
Mercury reveals $1.24bn second event cover as LA claims mount
The carrier can claim separately for the Palisades and Eaton fires if necessary.
From Insurance Insider US
Evacuations ordered as major wildfires rage in Los Angeles
More than 4,000 acres are burning as thousands evacuate.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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