-
Growth concerns were top of mind at this year’s conference. -
Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
-
The governor has yet to sign a pending bill to create a public cat model.
-
Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
-
Moretti has relocated to California from London.
-
The state’s AG said the case threatens continued offshore oil and gas operations.
-
Founder Chad King will transition to chairman but continue leading M&A efforts.
-
The layoffs will mostly affect workers in Michigan.
-
WTW claims at least two $1mn accounts were also unfairly lost to Howden.
-
The MGA platform wants to expand into Europe and the UK and grow its wholesale business.
-
The broker is understood to manage Brown & Brown’s account at Howden.
-
E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
-
Jeremiah Bickham will be a strategic adviser until the end of the year.
-
Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
Lupica moved to the role last year as part of a staggered handover of responsibilities to Juan Luis Ortega.
-
JP Morgan and RBC are advising the brokerage on its options ahead of an eventual IPO.
-
The move marks Acrisure Re’s first investment in Latin America.
-
The executive was formerly EVP and central regional leader at Aon.
-
The executive has been at the broker for over 20 years.
-
The unit’s co-heads, Braithwaite and Apostolides, left the firm in the summer.
-
The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
-
The specialty insurer was recently acquired by Korean carrier DB Insurance.
-
Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
-
The charges allege “egregious delays” and “unreasonable denials” in claims.
-
The two executives join from Markel and Arch, respectively.
-
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
-
The executive will officially start in mid-November.
-
The broker will now have access to an M&A war chest for inorganic growth.
-
The carrier has renewed and extended its capacity arrangement with the MGA.
-
The company will implement a new leadership structure after his departure.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The new unit will be led by former Emerald Bay exec George Dragonetti.
-
The deal will give the broker access to an M&A war chest to fuel inorganic growth.
-
The request cites use of Verisk’s forward-looking wildfire model.
-
New home sales could be impacted by a prolonged stalemate.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
Insurers continue to compete on price, especially in the SME sector.
-
Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
-
The business has been ~70% owned by White Mountains since January 2024.
-
The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
-
The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
-
The promotions are part of the carrier's strategy to increase property-liability market share.
-
The executive was most recently serving as CRO – insurance.
-
Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
-
The business is beginning to integrate following a $9.8bn acquisition.
-
Sources said that Howden Capital Markets is advising the fronting company.
-
Trailing three month premiums were up 7.2% versus 13.1% in August.
-
The move is the latest in a series of casualty leadership shake-ups at the insurer.
-
She previously served as Hub’s North American casualty practice leader.
-
Neptune’s stock price jumped 25% on the first day of trading.
-
The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
-
Spectrum joins investors ForgePoint, Hudson and MTech.
-
Superintendent Harris is stepping down this month after four years of service.
-
Sexual abuse and molestation exclusions are starting to hold in higher layers of hospital towers this year.
-
The oversubscribed IPO priced at the top end of expected $18-$20 per-share range.
-
Other MGAs in the transactional-liability class are also expanding into the US.
-
The MGA secured a “significant strategic investment” from Zurich earlier this year.
-
The specialty insurer posted $800mn in GWP for the first six months of the year.
-
The change reflects the insurers’ recent deal with ProAssurance.
-
Home buyers looking to close on a mortgage could find the private market an attractive alternative.
-
AIG’s filing alleges copyright and trademark breaches, as well as violations of unfair business practice laws.
-
Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
-
Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
-
The company will continue its capacity partnership with the MGA until 2030.
-
The subsidiary will offer primary and excess liability.
-
JH Blades, Southern Marine and Energy Technical Underwriters will merge to form the new brand.
-
The executive previously spent more than 16 years at The Hartford.
-
The NHC also warned that a hurricane watch could be required in Bermuda as early as Monday afternoon.
-
Return horizons are shifting, and entrepreneurial underwriters should start looking at longer tail business.
-
Marlon Williams will focus on the placement of reinsurance and retro business.
-
The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The $20bn+ TIV data center is seen as the leading edge of significant new demand.
-
The tropical cyclone is expected to be named Imelda.
-
The transaction marks the largest US market entry by a Korean non-life insurer.
-
Juries don’t significantly differentiate in cases involving severe injury.
-
He will drive the growth of Chubb's claims-made excess casualty facility.
-
Getting that message across is key to bettering the industry.
-
The executive joins the company after 17 years at Aon.
-
With the deal, sources expect backers Tiptree and Warburg Pincus to exit the Floridian insurer.
-
Sources said the start-up has two $10mn+ Ebitda platform deals lined up.
-
The executive has also held senior positions at Lockton and Marsh.
-
Sources said they expect the carrier’s listing to raise about $100mn.
-
The executive has been with ASG since it was formed in 2016.
-
California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
-
The insurance industry’s lower reliance on foreign skilled workers softens the blow.
-
Rates continue to be favorable for buyers across major lines of coverage.
-
The executive will join Howden’s new US retail broking operation.
-
This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
-
Sources said momentum around resiliency laws is growing at the state and local level.
-
He will spearhead the division’s launch slated for 2026, which will be the first product launch for ICW Group’s specialty unit.
-
The executive will initially focus on casualty fac business incoming as the result of the Markel renewal rights deal.
-
Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.
-
Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
-
Sources said that the carrier’s listing is expected to raise around ~$100mn.
-
The risk also ranked as a top three concern for companies of all sizes.
-
Whether in property or casualty, areas of the market will be profitable even with new entrants, the executive said.
-
The executive met with UK colleagues to discuss plans for the US business.
-
The WCB has denied the allegations, claiming its decisions were based on “reasonable investigations”.
-
Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
-
The proposed changes aim to establish clear guidelines for intervenors.
-
The succession could take some time, and the current CEO could also move to exec chairman.
-
The company is estimating its IPO price at $18-$20 per share.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The deal values the Onex-backed P&C broker at over $7bn.
-
Following the Golden Age of Specialty, franchise quality will play a bigger role in determining success.
-
The low degree of overlap between the combining portfolios benefits both parties.
-
Other parties that looked at the business include CPPIB, Permira and Carlyle, sources said.
-
A federal judge restricted former Marsh employees from soliciting for Howden.
-
The deal’s benefits headlined AJG’s investor day presentation.
-
Onex is making the investment alongside PSP, Ardian and others.
-
This publication revealed earlier this year that the firm was working with Ardea to explore strategic options.
-
The mortgage insurer said Inigo will continue to operate as a standalone business.
-
The acquisition furthers Howden’s expansion into the US retail space.
-
The Inigo CEO said the lack of portfolio crossover was highly attractive to Inigo.
-
Despite tort reform, physicians’ insurers are struggling with the same loss inflation challenges as other liability peers.
-
Sources said the agency first considered a debt raise but recently pivoted to a sale process.
-
Average incident costs for SMEs were up nearly 30%.
-
The case is now headed to appellate court.
-
The Chicago-based executive was previously Everest’s CUO of excess casualty.
-
The MGU is entering the often-difficult habitational GL space with an initial E&S offering.
-
The executive’s skepticism is informed by the industry’s typical approach to cyclicality.
-
As data privacy litigation increases, insurers increasingly lean on exclusions.
-
A process has not been launched and a firm timeline for a liquidity event has not been agreed.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
-
Vantage Group Holdings received a BBB- long-term issuer credit rating.
-
Her predecessor will become head of US excess casualty and operations.
-
Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
-
This follows the news that AmTrust will spin off some of its MGA businesses.
-
The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
-
The specialty MGA said it didn’t experience direct losses from the LA wildfires.
-
The executive joins from MSIG USA.
-
The program, expected to start doing business next month, will be wholesale-only.
-
This publication reported earlier today of the asset manager’s foray into the MGA space.
-
It represents the platform’s formal entry into the commercial E&S market and will be led by EVP Neil Lipuma.
-
The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
-
The business said it was experiencing strong momentum on the Island.
-
The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
-
Following the Golden Age of Specialty, franchise quality will play a bigger role in determining success.
-
The practice group will enhance the company’s existing offerings in E&S.
-
The affirmations reflect Everest’s strong underwriting diversification.
-
IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
-
Winners and losers will emerge more clearly, with less opportunity to ride the market wave.
-
A report by the ratings agency challenges current industry wisdom.
-
He was appointed CUO of casualty, Americas, in July last year.
-
The executive previously held roles at The Hanover, CNA and AIG.
-
Tricia Loney brings 20 years of industry experience to the role.
-
The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
-
Florida led deregulation by eliminating the diligent effort rule in June.
-
Models anticipate a busier second half, particularly in the next few weeks.
-
The carrier’s US and Europe claims teams will report to Dominic Clayden.
-
As part of the transaction, PE firm Atlas Merchant has agreed to sell its interest in MarshBerry.
-
The wildfire MGA is expecting to write higher value homes soon and may expand into new states.
-
The deal is expected to result in $700mn in combined GWP in Florida upon completion.
-
The team previously operated with Sheerin and Woodruff but will grow to five brokers.
-
Former head of construction Bill Creedon will assume the role of chairman.
-
Ransomware claims have made up the majority of recent large losses.
-
The boutique retail broker provides P&C and benefits services in the Mexican Caribbean hospitality sector.
-
He joins the company after 22 years in casualty leadership roles at Chubb.
-
Altamont Capital MD Sam Gaynor said the goal is to have fewer programs that can each grow to a significant size.
-
The company saw a 53% decrease in cyber claims after a surge in 2024.
-
Bill Bouvier has spent more than three years at the legacy firm in this role.
-
Persistent social inflation challenges evident across key long-tail lines at half-year mark.
-
Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
-
The fundraising focus comes after it was acquired by The Baldwin Group in Q1.
-
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
-
All rates were up on a year-over-year basis, except for workers’ compensation.
-
Both executives will be based in New York City.
-
The fundraising round brought in $50mn for the insurer.
-
Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
-
A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
-
Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
-
The carrier notified California regulators that it would stop renewing plans starting last month.
-
The ratings outlook has also been revised to stable from negative.
-
One of the options being explored is setting up a dedicated company for the wholesale vertical.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
It is understood that CyberCube has been considering a sale of the business.
-
Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
-
Supply for property outstrips demand, but the casualty market is “bifurcated”.
-
The company generated $71.4mn in revenue for H1 2025.
-
Clients in the segments that AIG trades in may not be as receptive to the idea as the insurer would like.
-
The insurer has been under review with positive implications since March.
-
Andrew Robinson returns to Lloyd’s after his previous involvement via The Hanover’s Chaucer deal.
-
The bi-partisan legislation would make FEMA a cabinet-level agency.
-
Growth in the SME sector could help stabilize the market, however.
-
Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
-
The new MGU is expected to formally launch before the annual WSIA marketplace in San Diego.
-
Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
-
P&C stocks recovered faster than the S&P 500 following a late July dip, but a gap remains.
-
The executive will oversee the direction and management of the firm’s liability portfolio across the US and Canada.
-
The executive has been serving as COO since February.
-
The executive most recently served as head of North American treaty reinsurance.
-
The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
-
The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising.
-
Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
-
In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
-
Arkansas-based RVU provides commercial P&C and some specialty programs.
-
The executive said claims can be a differentiator in a softening market.
-
CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
-
The rest of 2025 appears poised to remain favorable for insureds, however.
-
California, Florida and Texas all saw decreases in monthly premium growth.
-
The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
-
The broker has filed a motion to dismiss the lawsuit by Marsh.
-
The data modeling firm said losses previously averaged $132bn annually.
-
CFO Liam Caffrey has been elected as Rountree’s successor.
-
Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.
-
A view into PE-fueled activity in the MGA sector, as LatAm carrier M&A accelerates.
-
Henrietta Butcher leaves Tysers after decades with the broker.
-
Lisa Binnie will succeed him as president of the company’s specialty admitted segment effective September 1.
-
Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
-
James River said the court was right to dismiss the fraud case.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The company said defendant "distraction" can’t make up for flimsy arguments.
-
Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
-
Analysis of market conditions, reserves show that this might not lead to an overnight consolidation boom.
-
Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
-
The likes of Genstar, Leonard Green and Bain also looked at the program manager.
-
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.
-
The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said.
-
After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
-
Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.
-
Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
-
Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
-
The lawsuit has been filed as sales talks with Sompo yielded a deal.
-
The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
-
The long-time Allianz and Hive executive will be based in New York City.
-
Cavello Bay Re will provide paper for the MGA’s business written out of Bermuda.
-
The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
-
The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
-
The all-cash deal values the Bermudian’s stock at a 36% premium.
-
This publication first reported deal talks last week.
-
Last year marked the second consecutive year in which carriers made a positive return.
-
-
Sources said Atlas’ owner is selling the retail agencies but will retain the Hawaii carrier Island Insurance.
-
Capacity has gone up slightly, with new entrants and incumbents feeling better about their books.
-
Kerr will begin a new role as CEO at Market Innovators.
-
Lawmakers are seeking input on risk evaluation, limits and other concerns.
-
The group claims the White House is undermining disaster preparedness.
-
Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
-
The lawsuit is the third filed by MMA against Alliant in the past year.
-
Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
-
Parrish, now CEO of Howden US, and his colleagues said they didn’t violate contracts.
-
The insurer has chosen a “take two” deal after buying Endurance, betting again on Bermuda.
-
Sources said that the start-up will be fronted by Bain-backed Emerald Bay.
-
Storm surge of two to four feet could affect the North Carolina coast.
-
The Delaware high court’s reasoning could find application in other cases.
-
The executive succeeds current CEO Petway, who is retiring.
-
Patton Kline succeeds Glod as US aviation and space practice leader.
-
The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
-
This publication revealed yesterday that the two were in detailed takeover talks.
-
The program is aimed at affluent homes valued between $1mn and $6mn.
-
The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail.
-
Sources said that detailed discussions have taken place, with a clear path to a deal.
-
Life-threatening surf and rip currents are expected on the east coast of the US.
-
The promotions will enhance underwriting capability across key segments.
-
The state’s Supreme Court upheld two lower court decisions finding no liability.
-
The Brazilian carrier grew earned premiums to over $100mn in 2024.
-
The company said the judge overlooked key issues in dismissing its fraud case.
-
The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
-
Claude Wade is to step down from his role to address ongoing health issues.
-
Insurance Insider US takes a closer look at tuck-in activity as valuations continue to hold steady.
-
This is the first rate filing to use the recently approved Verisk model.
-
The executive was previously Navigators’ head of excess casualty.
-
The company was hit with a data breach on July 16.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding.
-
Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
-
Commercial auto saw the largest rate change, which was down about a half point by the end of July to 7.96%.
-
Sales velocity ticked up to 12.2% in Q2 but has remained steady in the past five years.
-
Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
-
The CEO said the carrier will prioritise margin over top-line growth.
-
The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
-
Net adverse development for the quarter increased 30% year on year to $89.2mn.
-
Company alum David Murie will lead the new business unit.
-
The executive has previously served on VCIA’s board of directors.
-
The insurer said it expects to begin writing business by the end of the month.
-
The executive joins from Coalition and brings more than 30 years of experience.
-
In an interview, the firm’s CEO spoke about the CV deal, growth and its M&A pipeline.
-
Property MGA Arden Insurance Services specialises in multi-family habitations.
-
The company plans to launch in New York and New Jersey next year.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn.
-
The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
-
The move includes One80 Intermediaries, formerly part of Risk Strategies.
-
July’s medical care increase was up from June’s o.6%.
-
The estimate covers property and vehicle claims.
-
Floir has greenlit at least 14 new companies for operation in Florida in the last few years, contributing to the competition.
-
The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
-
Casualty premiums grew 56.7% year on year in Q2 2025.
-
Appointments include leadership in transportation, energy, marine and others.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
This publication revealed two years ago that EQT could lodge a $1bn claim.
-
Teresa Black will succeed him as division president of North American surety.
-
A shift to back to the admitted property space and MGAs choosing ignorance are other possible scenarios.
-
Both organisations still predict an above-average hurricane season.
-
She joins the specialty insurer after working at Hamilton as CUO.
-
The former executive passed away following a 40-year career in insurance.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The executive said the floor on D&O pricing is in sight.
-
As the fires spread, the priority shifted from saving structures to saving lives.
-
Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
-
Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
It is targeting low-risk specialty lines where it has a competitive edge.
-
The program is set to begin binding this month.
-
The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
-
Submissions flow at E&S arm Lexington increased 28% year-over-year in Q2.
-
The carrier reported an increase of 82% in pre-tax income.
-
The industry veteran also served as president and CEO of Starr Global Accident & Health.
-
The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
-
The forecast has increased since the early July update due to several additional factors.
-
The move will impact around $50mn of gross written premiums in total.
-
Its partnership channel grew three times in new writings year-over-year.
-
Rates continue to fall across the state but are firmer in the southeast region.
-
Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
-
Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
-
Social inflation is driving non-renewals, while CoRs are up for P&C and casualty.
-
The 127-acre corporate campus has been the reinsurer’s North America headquarters since 1999.
