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Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn. -
HSB CEO Greg Barats and American Modern CEO Andreas Kleiner will retire at the end of Q1 2026.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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The deal valued the tech-driven broker at over ~21x 2025 adjusted Ebitda, suggesting a hefty premium.
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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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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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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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A memo to staff said the executive will be “pursuing new opportunities outside of our company”.
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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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Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.
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The legal setback came as publication of a Fema reform report was postponed.
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The move from Chubb comes at a moment of perceived weakness for AIG.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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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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The policy includes a $200mn limit with an additional $100mn for side A coverage.
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WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
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MGAs going public is now a viable option, but dominating a market comes first.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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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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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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The CEO said that new funding will be used to expand its underwriting capabilities.
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The case is the latest in a series of lawsuits alleging Alliant raided MMA for talent.
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The Republican said his office has launched an investigation into the denials.
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Ford had purchased a builder’s risk policy from the insurer.
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The company announced several moves Monday, including the promotion of Nancy Pierce to Geico CEO.
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Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors.
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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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Earlier this week, The Baldwin Group said it will merge with CAC Group in a deal valued at $1.026bn.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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NY lawmakers are preparing a legislative package to address insurance costs in the Empire State.
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The executive said maintaining capacity is the main challenge in a soft market.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
