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To emulate BH, Ackman has to be Buffett, have leaders like Jain behind him, and make the right bets at the right price at the right time. -
This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The company named two execs to head global wholesale and commercial.
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Valor Equity led the raise, which included Lightspeed and General Catalyst.
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Ackman is targeting high-teens RoE at Vantage via underwriting gains and equity investing.
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Inflation was down from the 3% recorded for the 12 months ending in September.
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The deal follows a minority investment from the insurer in the summer.
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Lower rates, more favorable policies and improved public cyber infrastructure are all contributing to the trend.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The federal judge said South has direct knowledge about a previous raid involving Aon.
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The National Council of Insurance Legislators said insurance oversight should be left to states.
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The parties now have 60 days to file a stipulation to dismiss the action.
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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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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 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 memo to staff said the executive will be “pursuing new opportunities outside of our company”.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.
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The move from Chubb comes at a moment of perceived weakness for AIG.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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The change was made on December 2 and was effective immediately.
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The company announced four internal promotions this week.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
