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The federal judge said South has direct knowledge about a previous raid involving Aon. -
The National Council of Insurance Legislators said insurance oversight should be left to states.
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Louisiana Insurance Commissioner Tim Temple outlined key priorities for 2026 in an interview with Insurance Insider US.
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The parties now have 60 days to file a stipulation to dismiss the action.
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A quick roundup of today’s need-to-know news, including the Florida market, Lockton Re and more.
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Justin Camara was EVP and portfolio director for financial and professional liability.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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The commissioner said more work needs to be done, but big companies are interested in coming back.
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Several of Henrietta Butcher’s former Tysers colleagues have also moved to Lockton Re.
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A district court judge had dismissed the case in September, with prejudice.
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A quick roundup of today’s need-to-know news, including WTW, insurance M&A and more.
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The company also promoted Zulma Suarez to CEO of Colombia and Venezuela.
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Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
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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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Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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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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The executive’s 30-year career includes stints at Neon, Chubb and Arch.
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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 quick roundup of today’s need-to-know news, including commercial rates, industry consolidation and more.
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A motion to dismiss argues the case should not have been filed in federal court.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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Carriers underweight in E&S could lead the charge in the next round of M&A.
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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 quick roundup of our best journalism for the week.
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A memo to staff said the executive will be “pursuing new opportunities outside of our company”.
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Fleming Re bought the James River Re legacy book in 2024.
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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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A quick roundup of today’s need-to-know news, including SafePoint's potential IPO.
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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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A roundup of today’s need-to-know news, including QEO’s new CEO and IQUW’S Bermuda D&O launch.
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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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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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A roundup of today’s news, including informal Chubb-AIG M&A talks and First Brands’ D&O program.
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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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Canopius will continue to be one of several capacity providers to the MGA.
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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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A quick roundup of today’s need-to-know news, including Parametrix’s Series B and S&P’s cyber outlook.
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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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Investors recalibrate their expectations for the segment as the soft market approaches.
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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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The executive co-led the US financial institutions business at BHSI.
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A quick roundup of today’s need-to-know news, including Berkshire Hathaway’s new CFO.
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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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A quick roundup of today’s need-to-know news, including Baldwin/CAC, Argonaut and more.
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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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A quick roundup of our best journalism for the week.
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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.
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The insurer says defendants billed “exorbitant” fees for non-existent services.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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A quick roundup of today’s need-to-know news, including Skyward, PHLY and more.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
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The transaction is expected to close early in the first quarter of 2026.
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The company had argued the judge missed key info when dismissing the case.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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The hire advances Howden’s growth push in the US.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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A quick roundup of today’s need-to-know news, including Howden/Atlantic and Allianz’s D&O outlook.
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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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Fears relating to an economic downturn continue to dominate concerns.
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Next year will mark five consecutive years of insolvency increases.
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The deal is slated to close in the first quarter of 2026.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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A quick roundup of today’s need-to-know news, including Brown & Brown, Marsh/Howden and more.
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Former chief growth officer Michael Anderson has taken on the CEO role.
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Marsh has accused its former execs of flouting a preliminary injunction.
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The retail heavyweight uses around 1,000 trading partners to access the wholesale channel.
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A favorable nine months for the industry does not solve its underlying problems.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Last month, Insurance Insider US revealed that MMA was set to buy Atlas following a sale process.
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The MGA said payments to affected customers began shortly after the event.
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A quick roundup of today’s need-to-know news, including MMA M&A and Keystone's CEO succession.
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The executive was most recently head of US casualty at Aon.
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Texas was up over 25%, though California and Florida both recorded reductions.
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In September, Insurance Insider US revealed that the firm had instructed a recruiter to search for Kinney’s successor.
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Insurance Insider US reviews Euclid’s process and recent events in US MGA and retail broking.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of today’s need-to-know news, including D&O risks, a climate lawsuit and more.
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Plaintiffs claim climate-induced cat losses have spurred increases in premiums.
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The executive will report to Katalyx president and CEO Praveen Reddy.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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A quick roundup of today’s need-to-know news, including property market softening, Marsh v Howden and more.
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The executives are based in Seattle and New York.
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The executive was previously the cyber practice lead for Ryan Financial.
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The London-based MGA will begin underwriting its international book next month.
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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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A quick roundup of today’s need-to-know news, including Farmers, Chubb/Scor and more.
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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The carrier said it anticipates a better market due to recent reforms.
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Light cat losses at year-end portend capital deployment and return decisions in 2026.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The PE firm held 3.1% of the company’s shares, but will now hold none.
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The industry veteran retired from AIG at the end of last year.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of today’s need-to-know news, including Gallagher Re, St Paul’s cyberattack and more.
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The city said it was self-insured at the time of the attack.
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The peril has been historically difficult to model compared to others.
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A quick roundup of our best journalism for the week.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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Sizable reserve releases offsetting casualty reserve charges cannot last forever.
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Habayeb will start next May following Kociancic's retirement.
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Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
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Casualty rate increases largely stabilized in Q2 and Q3 at 5%-10% for general liability.
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Similar bills targeting fossil fuel firms have been introduced in other states.
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Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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GC continues to pursue Willis Re and individuals in court.
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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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A quick roundup of today’s need-to-know news, including CRC and Euclid talks.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The valuation for the Jay Rittberg-led program manager is understood to be $1bn+.
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The MGA is exploring new product lines including condos and renters, CEO John Chu said.
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The move comes after the company posted 52% YoY top-line growth in Q3.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Senators asked for data on fraud but weren’t given any.
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Whether Clement's promotion was influenced by an inappropriate relationship is in scope.
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A quick roundup of today’s need-to-know news, including AIG, Dual/Liberty Mutual, Marsh/Howden and more.
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The company announced four key leadership appointments on Wednesday.
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The capacity deal comes over a year after Dual recruited Marilena Rodriguez Forero as CEO for the region.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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The carrier is currently focused on ~$1bn bolt-on acquisitions.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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The timing is unhelpful as the global insurer tries to get on the front foot with M&A.
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The plaintiffs' bar has been playing out the same rulebook for 15 years. It’s time the defense catches up.
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The tech error, now resolved, halted traffic to sites like X and ChatGPT.
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A quick roundup of today’s need-to-know news, including Hazelton’s return to Chubb and more.
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The move comes after Everest sold renewal rights for its global retail business to AIG.
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Softening rates amid worsening loss costs paints an uncertain future for the industry.
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The investor offloaded nearly 100,000 Allstate shares in Q3, according to its latest 13-F.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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The executive joined the company from Zurich last year.
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He will be replaced at a time when Fema is considering structural reforms.
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A quick roundup of today’s need-to-know news, including a medmal quota share and Everest’s legacy CEO.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the revision.
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The executive joins from RenaissanceRe.
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The ratings agency said that it continues to assess State Farm’s balance sheet among the strongest.
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Existing facilities and carrier partners will be transferring from K2.
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Finance and insurance hiring is 27% below 2022’s peak, compared with 37% nationwide.
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MassMutual will retain an 82% stake in the $470bn asset manager.
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A motion by defendants to dismiss the case was also denied.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of today’s need-to-know news, including AIG, Woodruff Sawyer and more.
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A quick roundup of our best journalism for the week.
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The broker said R&W rates rose to 2.8% in Q2 vs 2.5% in Q1.
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Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
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AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
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Bryant has spent over 30 years with the specialty carrier.
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The deal to reopen the government also extended the NFIP.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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A quick roundup of today’s need-to-know news, including Helix, Accelerant, NYC housing and more.
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The MGA began offering US commercial E&S property products in December.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The company expects to have $415mn to $430mn of third-party written premium in Q4.
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The mayor-elect has promised to build 200,000 new units in New York City.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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Average revenue per agency acquired YTD in 2025 was $2.35mn, down 13% year-over-year.
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The growth and profitability survey predicts 8.5% median growth for 2025.
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A quick roundup of today’s need-to-know news, including Fidelis, broking M&A, Marsh v Howden and more.
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Workers’ compensation was the only line that saw a YoY decrease.
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Many nuclear verdicts become much less radioactive on appeal.
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Longbrook Insurance will write multiple lines of business.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The fashion brand says the insurer failed to defend it in multiple lawsuits.
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The CEO thanked his friends and colleagues and said he was “going quiet”.
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A quick roundup of today’s need-to-know news, including Howden US, Tiptree’s Fortegra sale and more.
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Sources said that the New York-based InsurTech retained Evercore to advise on the process.
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The transaction is Davies’ largest strategic M&A addition to date.
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Veradace claims the deal benefits Tiptree management at shareholder expense.
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The executive most recently served as the company’s chief broking officer.
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The newly installed US vice chair explains why inefficiency drove her from legacy firms.
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The charity said that improved ecosystems could help protect from disasters.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It is understood that the MGA wants to start with renewable energy and transactional liability.
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The dismissal comes after the judge in the case had stayed it just a day earlier.
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The defendant held a $1mn general liability policy with Kinsale.
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Industry sources said they expect most larger firms will be able to meet the requirements.
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Sources said that the platform drafted in Ardea Partners to advise on the recap.
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Chief risk officer Shannon Lucas will move to COO as part of the shakeup.
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A quick roundup of today’s need-to-know news, including Marsh v Howden, medmal and more.
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A quick roundup of our best journalism for the week.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The executive noted that an influx of new entrants in the E&S market is increasing competition.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The loss would be one of the largest ever for mining underwriters.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo.
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From the carrier perspective, alignment of interests was a recurring theme.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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A quick roundup of today’s need-to-know news, including Allstate, InsurTech investment and more.
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The executive said inflation isn’t completely gone but is now “more understood”.
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The credit can now be applied to mitigation against operational losses.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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State regulators have largely avoided enforceable AI regulations, but bad news could change that.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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A quick roundup of today’s need-to-know news, including Lockton, Chubb, Allianz, Exzeo, and more.
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The reserve strengthening stemmed from bodily injury and defense costs for accident years 2023 and prior.
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Slide does expect a “meaningful” amount of takeouts for this month and next.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has now posted rate increases for 37 consecutive quarters.
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The $21/share pricing falls in the middle of the expected range.
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The company is also prepared for potential M&A activity.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Sources said the executive will report to Julian Pratt in South Florida.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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Insight into the state of the insurance M&A market, powered by Insurance Insider US’s comprehensive deal database.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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Underwriting income for North America quadrupled to $384mn, and the segment recorded a CoR of 82.6%.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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A quick roundup of today’s need-to-know news, including James River’s earnings call and AJ Gallagher/RiskGroup.
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Marsh is also suing a second tier of former Florida leaders.
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This publication exclusively reported the executive’s plans last month.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Casualty rates in Q3 rose 6.1% driven by increases in commercial auto, energy and excess liability.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Success in the soft market will be had when careful preparation meets opportunity.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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The insurer reached highs of over 1.4 million policies in September 2023.
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HNW family offices are now among investors considering the US MGA segment.
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Fears of the oncoming soft market are causing a sector rotation away from P&C.
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A quick roundup of today’s need-to-know news, including CNA and James River results and Melissa losses.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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Widespread underinsurance and low exposures will limit losses.
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Both the primary and reinsurance segments benefitted from a light cat year.
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It is understood that Sutton National is the fronting carrier sitting behind the facility.
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The Bermuda carrier brought a winding-up petition earlier in October.
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A quick roundup of today’s need-to-know news, including an ISC QS and Corebridge’s CFO transition.
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The acquisition will expand PHLY’s presence in the niche market.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of our best journalism for the week.
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It is understood the permanent reinsurance capital vehicle is called Highline Re and will sit behind fronting carriers.
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The executive will fill the role previously held by Howden’s Figliozzi.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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The search for a CFO had been underway since last July.
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Many commercial risks will have London coverage, but insured values are relatively low.
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CEO Greg Case said data center demand could generate over $10bn in new premium volume in 2026.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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The insurer paid tribute to the executive’s lasting contributions to the firm.
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Dairy and livestock products within the agricultural unit were main growth drivers in Q3.
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The FIO said it will work with regulators on coverage for digital assets.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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The CEO said the carrier is seeing sequential PIF growth in several states.
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Sources said that the transaction valued the Californian auto F&I business at over $1bn.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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A quick roundup of today’s need-to-know news, including IQUW/Starr, Convex/AIG, Enact Mortgage and more.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The broker will join Ron Borys’ financial lines team.
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A re-focus on reinsurance nearly brings Everest back where it started.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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A quick roundup of today’s need-to-know news, including Everest LatAm/Canada and Starr's acquisition of IQUW.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The reductions reflect a mix of programs being handed off and MGAs proactively switching.
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The parties could announce the transaction soon, according to sources.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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The regulations are designed to address long-term solvency concerns.
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A quick roundup of today’s need-to-know news, including AIG, Everest, Brown & Brown and more.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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Erbig joins after more than 20 years in finance-related positions at Liberty Mutual.
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Opportunities for growth remain in small and medium commercial accounts.
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Rate pressure on wind and quake partially offset overall Q3 programs growth.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The global insurer will need to convince investors on the quality of the book.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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Jason Keen joined Everest in 2022 as head of international.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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The executive joined the Dallas-based insurer as CUO in 2023.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The carrier is consolidating its venture capital activity into asset manager MEAG.
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A quick roundup of today’s need-to-know news, including IGI and Hurricane Melissa.
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This publication revealed the move earlier this year.
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Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
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The storm could bring flooding to Jamaica, Cuba and Haiti.
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The executive’s exit follows CEO Joseph Lacher’s resignation last week.
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The specialty carrier’s share price fell nearly 7% on the day of the call.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
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Workers’ comp rates dropped again, but the decline slowed from last quarter.
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A quick roundup of today’s need-to-know news, including BMS, the AWS outage, September CPI and more.
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The bill includes provisions to encourage retrofitting homes in high-risk areas.
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A quick roundup of our best journalism for the week.
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The company sees itself in a “very strong position” in the state.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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September’s medical care index increase follows a 0.2% drop in August.
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While limited to only some accounts, it’s a sign of the intense competition in the segment.
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A canvassing of the cyber market suggests the impact will be negligible.
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The carrier recently expanded its reinsurance product suite in Bermuda.
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The range allows “for information that could emerge beyond what is known today”.
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Haney will remain on board as a senior adviser.
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Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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The appointments are aimed at offering a clearer team structure.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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A quick roundup of today’s need-to-know news, including Charles Taylor, global pricing, Selective and more.
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Sources said that the executive will join the reinsurance brokerage next year, after his garden leave expires.
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WTW’s Jessica Klipphahn will take over as head of North America mid-market.
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Old Republic said the acquisition is expected to close in 2026.
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The company saw growth accelerate in its property and casualty segments.
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By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
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The reinsurer also hired Martin Bages as Latin America and Caribbean head.
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Ben Hanback joins from Aon, where he spent almost a decade.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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Dealmaking took centerstage, but other discussed topics were growth, talent and capacity.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Bill Ross has been CEO of the non-profit for 21 years.
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Sources said that Piper Sandler is advising the Dallas-based program manager on the process.
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A quick roundup of today’s need-to-know news, including Chubb Q3 earnings, climate disaster data and more.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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A former NOAA climatologist who left the agency is running the new operation.
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Cat losses in Q3 were light as peak hurricane season passes without incident.
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AWS suffered a large-scale service disruption originating in northern Virginia.
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Pre-tax cat losses were down 63% from the prior year quarter to $285mn.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Howden is facing fallout from its push into the US retail market via mass hires.
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A quiet wind season is also expected to further soften the property market.
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A quick roundup of today’s need-to-know news, including Euclid Transactional, Chubb results, Venbrook and more.
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat.
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There’s nothing medical about SAM claims.
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Sources said the PE-backed platform retained IAP to advise on the process.
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The CEO also said that the “bloom is off the rose” in the E&S property market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company is looking to grow through its new MGA incubator program.
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Northeast Insurance said 55 claims were brought under the Child Victims Act.
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A quick roundup of today’s need-to-know news, including Q3 earnings reports, Brown & Brown and more.
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The hire comes a few months after Nick Greggains was promoted to CEO.
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The London-based executive will relocate to Daytona Beach, Florida.
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Early Q3 earnings reports point to worsening market conditions.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The portfolio encompasses $5bn+ of subject premium across ~75 programs.
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The new chief executive has served on PI’s board since 2018, including as chair.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting.
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SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
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A quick roundup of today’s need-to-know news, including Everest, Alliant, Howden US and more.
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A quick roundup of our best journalism for the week.
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The executive is charged with defrauding investors out of nearly $500mn.
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The broker will report to Howden US CEO Mike Parrish.
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MGAs that are good operators will stick out compared to the rest.
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The protection covers the US insurance book for the 2024 and prior accident years.
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Critics claim the dispute system denies consumers' key legal rights.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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The selloff may hint at headwinds for equity investors.
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A quick roundup of today’s need-to-know news, including Gallagher's Galaxy facility and Marsh and Travelers' results.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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An average of 81% of property accounts renewed flat or down.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.
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Private capital–backed buyers accounted for 73% of the 513 transactions this year.
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The tech subsidiary applied to list its common stock on the New York Stock Exchange under the ticker symbol “XZO”.
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The broker’s new business and client services division is targeting $400mn of savings.
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The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.
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As the Great Japanese M&A Contest develops, the executive said inorganic expansion is “a top priority”.
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Earlier this week, the broking house announced a rebrand to Marsh.
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Dale Krupowicz was also named head of operations for the segment.
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The insurer booked a $950mn policyholder credit expense in September.
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The decision impacts 5% of the reinsurer’s North America P&C facultative premiums.
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A quick roundup of today’s need-to-know news, including Kemper, “Woke” Chubb, 2025 cat losses and more.
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Earlier this year, Insurance Insider US revealed that the PE firm was looking to extend its investment.
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The motion claims the New York court has no jurisdiction in the case.
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State Farm is under investigation as its premiums have been rising “drastically".
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Joseph Lacher will step down as president and CEO and resign from the board.
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Activists from the left and the right are focusing on insurance, often on the same issues.
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Though wildfire losses are up, total losses are the lowest since 2015.
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A US district judge ruled a delay could put human life and property at risk.
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The federal panel hasn’t finalized a timeline for formulating the new rules.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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A quick roundup of today’s need-to-know news, including Marsh McLennan's rebrand.
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Shared and layered accounts are seen as reaping the biggest benefits.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Neil Ross was also appointed CUO for the broker’s MGA.
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Brian Church has spent 20 years at Chubb.
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Fronting doesn’t look any better when it’s broken down by segment.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The reshuffle is likely laying the foundations for the eventual succession to CEO Mario Greco.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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The international division is seeking a new London market manager.
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Growth concerns were top of mind at this year’s conference.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of today’s need-to-know news, including NetDiligence 2025, California’s Fair Plan and more.
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The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
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A quick roundup of our best journalism for the week.
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The governor has yet to sign a pending bill to create a public cat model.
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Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
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Moretti has relocated to California from London.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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A quick roundup of today’s need-to-know news, including WTW, Howden, BMS and more.
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Founder Chad King will transition to chairman but continue leading M&A efforts.
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The mood in Orlando was sunny among cedants and reinsurers alike, but there are clouds on the horizon.
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The layoffs will mostly affect workers in Michigan.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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The MGA platform wants to expand into Europe and the UK and grow its wholesale business.
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The broker is understood to manage Brown & Brown’s account at Howden.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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Jeremiah Bickham will be a strategic adviser until the end of the year.
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A quick roundup of today’s need-to-know news, including Chubb, Ryan Specialty, The Liberty Company and more.
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Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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Lupica moved to the role last year as part of a staggered handover of responsibilities to Juan Luis Ortega.
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JP Morgan and RBC are advising the brokerage on its options ahead of an eventual IPO.
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The move marks Acrisure Re’s first investment in Latin America.
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The executive was formerly EVP and central regional leader at Aon.
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Insurers are pleased, brokers are looking for trade-offs, and everyone’s talking about Howden.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The executive has been at the broker for over 20 years.
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The unit’s co-heads, Braithwaite and Apostolides, left the firm in the summer.
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A quick roundup of today’s need-to-know news, including BMS, Price Forbes, Fortegra and more.
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The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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When owners are not paying attention, discipline and governance are not top priorities.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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The charges allege “egregious delays” and “unreasonable denials” in claims.
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A quick roundup of today’s need-to-know news, including IOA, Marsh McLennan, Liberty Mutual and more.
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The two executives join from Markel and Arch, respectively.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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The executive will officially start in mid-November.
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It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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The broker will now have access to an M&A war chest for inorganic growth.
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Expansion into adjacent markets, capital return and M&A among top means of capital deployment.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The company will implement a new leadership structure after his departure.
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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 new unit will be led by former Emerald Bay exec George Dragonetti.
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A quick roundup of our best journalism for the week.
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A quick roundup of today’s need-to-know news, including IOA, Bamboo, White Mountains and more.
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The deal will give the broker access to an M&A war chest to fuel inorganic growth.
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The request cites use of Verisk’s forward-looking wildfire model.
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New home sales could be impacted by a prolonged stalemate.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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Insurers continue to compete on price, especially in the SME sector.
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Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
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The business has been ~70% owned by White Mountains since January 2024.
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A quick roundup of today’s need-to-know news, including Sutton National, SiriusPoint, Howden US and more.
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The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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The promotions are part of the carrier's strategy to increase property-liability market share.
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The executive has worked for Aon for almost two decades.
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The executive was most recently serving as CRO – insurance.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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The business is beginning to integrate following a $9.8bn acquisition.
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Industry stocks were firmly behind the S&P 500 in Q3.
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Sources said that Howden Capital Markets is advising the fronting company.
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Trailing three month premiums were up 7.2% versus 13.1% in August.
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The move is the latest in a series of casualty leadership shake-ups at the insurer.
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She previously served as Hub’s North American casualty practice leader.
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Neptune’s stock price jumped 25% on the first day of trading.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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A quick roundup of today’s need-to-know news, including Neptune, Icen, Acquinex and more.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Superintendent Harris is stepping down this month after four years of service.
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Sexual abuse and molestation exclusions are starting to hold in higher layers of hospital towers this year.
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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.
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The MGA secured a “significant strategic investment” from Zurich earlier this year.
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Cyberattack/data breach remains in the top slot.
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The specialty insurer posted $800mn in GWP for the first six months of the year.
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The change reflects the insurers’ recent deal with ProAssurance.
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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.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
A quick roundup of today’s need-to-know news, including Coaction results and a possible NFIP lapse.
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The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
-
The vehicle will now cover an E&S program jointly launched with Accredited.
-
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.
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JH Blades, Southern Marine and Energy Technical Underwriters will merge to form the new brand.
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The executive previously spent more than 16 years at The Hartford.
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A quick roundup of today’s need-to-know news, including MGA growth, an AHJ Miller hire and more.
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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.
-
According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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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.
-
A quick roundup of our best journalism for the week.
-
A quick roundup of today’s need-to-know news, including Meta, DB Insurance/Fortegra and more.
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The $20bn+ TIV data center is seen as the leading edge of significant new demand.
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The New York City gala paid tribute to the industry’s top talent.
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Lower rates mean lower investment incomes and higher book values for insurers.
-
The tropical cyclone is expected to be named Imelda.
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The transaction marks the largest US market entry by a Korean non-life insurer.
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Juries don’t significantly differentiate in cases involving severe injury.
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He will drive the growth of Chubb's claims-made excess casualty facility.
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Getting that message across is key to bettering the industry.
-
A quick roundup of today’s need-to-know news, including Crestfield Risk, DB Insurance-Fortegra and more.
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The executive joins the company after 17 years at Aon.
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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.
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Sources said they expect the carrier’s listing to raise about $100mn.
-
The executive has been with ASG since it was formed in 2016.
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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.
-
A quick roundup of today’s need-to-know news, including Fidelis' MGA, cyber exposures and more.
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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.
-
Global pricing is now 22% below the mid-2022 peak.
-
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.
-
A quick roundup of today’s need-to-know news, including HCI, an interview with Vantage's CEO and more.
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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.
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Whether in property or casualty, areas of the market will be profitable even with new entrants, the executive said.
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