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Latest News from Insurance Insider US

BMS international head Battman to depart

Based in London, the executive joined BMS nine years ago after a stint as MD at AJ Gallagher.

Jairo Ibarra, March 14, 2025

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State Farm General gets provisional approval of emergency rate request

Commissioner Lara also proposed a $500mn cash infusion from parent State Farm.

Clark Mindock, March 14, 2025

American Airlines insurers face fire loss as claims pile-up continues

Of the 178 passengers and crew on board, no serious injuries have been reported.

Abbie Day, March 14, 2025

US economic, political policy coherence has yet to emerge: Chubb CEO

CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.

Jairo Ibarra, March 13, 2025

Trump tariffs no boon for insurance; auto, HO, construction in crosshairs

Auto and homeowners’ insurance will see effects from the tariffs.

Caroline Ryan, March 13, 2025

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Berkshire, Nephila among major Fair Plan treaty lines after renewal

The carrier was seeking to expand its March 1-renewing program.

Fiona Robertson, March 13, 2025

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Medical care index ticks up 0.3% in February

The medical CPI is now up 3% for the last 12 months.

Jairo Ibarra, March 12, 2025

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Intervenors can no longer hold rates hostage: CA Commissioner Lara

“We do not have the luxury of time,” he said during the Bermuda Risk Summit.

Kyoung-son Song, March 12, 2025

Reciprocal, minority investment, majority investment, valuation, investments, private equity, capital raise, strategic option

Hub International targeting 16.5x-17x multiple in ‘private IPO’ deal

Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.

Adam McNestrie, March 11, 2025

Grounded Airplane, Covid - 19 Corona Pandemic

Greenlight Re retro cover on Russia-Ukraine aviation not exhausted: CEO

Aviation reserve strengthening added 10.1 points to the combined ratio.

Jairo Ibarra, March 11, 2025

MMA’s Perlman moving to Aon as CEO of NA middle market

Perlman has been at MMA for over six years, most recently as president of national business insurance.

Farhin Lilywala, March 11, 2025

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Argenta supporting Miami MGA SLU for construction program

The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.

Jairo Ibarra, March 11, 2025

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Seven carriers have plans to expand in California after reforms: CDI

Four cat modelers have also submitted their tech for regulatory review.

Clark Mindock, March 11, 2025

Aon takes Marsh’s McDonough, Hodges as construction, surety heads

The executives will join the company in the coming weeks.

Caroline Ryan, March 10, 2025

New US administration won’t stop OECD tax initiative: Risk Summit panel

“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.

Kyoung-son Song, March 10, 2025

CEA risk transfer stood at $7.4bn as of 1 January

Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.

Liz Bury, March 10, 2025

MGA Wows secures capacity from Prime to write CA homeowners

Wows will offer coverage tailored to high-value properties, written on non-admitted paper.

Kyoung-son Song, March 07, 2025

Gallagher receives FTC request for additional information in AP acquisition

The company said it now expects the transaction to close in H2 2025.

Jairo Ibarra, March 07, 2025

Postcard from Plus: D&O remains soft amid increasingly complex loss environment

The market is up against emerging risks and a whole heap of uncertainty.

Danielle Ling, March 06, 2025

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Legal system abuse is a ‘knife fight’: Liberty Mutual’s Johnson

The carrier has seen increased legal system abuse in US small commercial and excess and umbrella.

Caroline Ryan, March 06, 2025

Q4 earnings roundup March 5: Liberty Mutual

The Insurance Insider US news team runs you through the earnings results for the day.

Insurance Insider US news team, March 05, 2025

LA wildfire losses on Prism risk pool climb to over $400mn

The London D&F market will shoulder most of the losses.

Rebecca Perkins, March 05, 2025

CinFin puts $10mn sub-limit on CA wildfire as it re-opens for business

The carrier is only going to write new business on E&S paper, sources said.

Kyoung-son Song, March 05, 2025

TMHCC’s president to retire at end of month

The executive, Mike Schell, has over 50 years of industry experience.

Caroline Ryan, March 05, 2025

United Risk CEO Malloy to depart in 2026

He served in the role since the Applied Underwriters segment’s inception in late 2023.

Kyoung-son Song, March 05, 2025

Competitor news

What Your Competitors are Reading

Competitor news

Agency deal roundup: Hub, Gallagher, The Liberty and more

The Insurance Insider US news team runs you through this week’s key agency M&A.

Jairo Ibarra, March 14, 2025
Axis acquires renewal rights for Markel’s large financial institutions business

Markel had announced the exit from the line of business in the US last year.

Kyoung-son Song, March 14, 2025
Week in Brief: Hub’s IPO march, CA E&S, Bermuda postcard, Whitehouse warnings

A quick roundup of our best journalism for the week.

Hal Stucker, March 14, 2025

Insider On Air: Our Webinars & Podcast Channel

Webinars

Podcasts

Behind the Headlines Podcast

Behind the Headlines: Rating conditions gear-shift and Inigo's Watson & Kaye on its next phase of growth

Listen in as Inigo CEO Richard Watson and head of reinsurance Alice Kaye discuss the use of data and AI in underwriting, the possibilities of entering the casualty treaty market, and all options being on the table for future capital events.

May 09, 2024
Behind the Headlines: Israel escalation and Convex's Paul Brand on building and running a $4bn (re)insurer

Listen in as Convex CEO Paul Brand discusses building and running a $4bn (re)insurer. Also in this episode, Insurance Insider's Rachel Dalton provides an update on Dubai flooding and reinsurance coverage in the Middle East.

April 25, 2024
Behind the Headlines: 1.4 recap and Howden Re's Sandy Warne on political violence in a 'world on fire'

In this episode Insurance Insider lead reporter Rachel Dalton runs down the key highlights of the 1.4 reinsurance renewals as capacity returned to the market.

April 11, 2024

From our other titles

From Insurance Insider US

Hiscox Re & ILS CEO Shares Big Wins, Wildfire Lessons and the Future of Insurance Leadership

Kathleen Reardon, CEO of Hiscox Re & ILS, discusses the company’s 2024 results, the impact of the California wildfires and leadership development strategies for the next generation.

From Insurance Insider US

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.