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The insurer first noticed “unusual network activity” on June 7. -
Florida regulators have also approved takeouts for Mangrove and Slide.
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Fallon will retire in January 2026 after 30 years at the company.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Markel is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions.
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This is up from last year’s $1bn protection for its Florida treaty.
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The pair joined MMA after the $7.75bn purchase of McGriff in November.
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The executive was formerly head of cyber solutions, North America.
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The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
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An active hurricane season threatens to weigh on hard-fought capital and underwriting margins.
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Rates need to be fair but also should not be “destructive of competition”.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
