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Andersen’s annual target compensation as successor will be $18mn, after he assumes the CEO role in June. -
The former AIG exec was set to face trial in March.
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The industry needs to step up in educating clients and understanding their vulnerabilities.
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Worsening market conditions drove the majority of P&C stocks to underperform the S&P 500 in 2025.
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The executive joins newly appointed US CEO Justin Camara.
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The program complements the MGA’s middle-market offerings.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The state is drought-ridden, hail threatened and potentially making major changes this year as a result.
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The incumbent CEO will move to executive chairman.
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One avenue for capital freed up by a softer-than-expected renewal could be more M&A.
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The independent MGU was spun out of AIG in 2023.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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Ashleigh Edwards will report to group CUO Mark Pepper.
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This is lower than some estimates, which had put insured losses at over $30bn.
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This publication exclusively revealed the $1bn deal last November.
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Reinsurers’ average RoE was 16% as of September 2025.
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The US CEO said the acquisition will be “truly transformative” for its TL clients.
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An impending soft market further complicates the outlook for carriers with long-tail casualty exposure.
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Atlantic’s founders are to become Howden shareholders.
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The underwriting unit has also rebranded D&O specialist Leopanthera.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Drummond had asked the state’s insurance commissioner to help him combat rising rates.
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California and Florida were up significantly, but premium growth slowed in Texas.
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The president and CEO will also be eligible for up to $50mn in shares.
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The first round of 2026 renewals was largely favorable for buyers.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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The market was unphased by January’s record wildfire loss in Los Angeles.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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The ratings agency maintained a neutral sector outlook.
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The pricing battle has been played out but the extent of new demand will only show up in 2026.
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The former EVP and head of annuity solutions will replace Schaefer upon retirement.
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Defendants can service clients who signed BOR letters as of December 29.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Verisk entered the agreement to purchase the SaaS platform in July this year.
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Former Aon employees are barred from using Aon’s confidential information.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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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 broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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This year, Brown & Brown, WTW and Baldwin emerged as major acquirers in the latest consolidation cycle.
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Based in San Francisco, the executive specializes in venture capital and AI companies.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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Specialty was the busiest segment but still recorded a YoY drop of seven points.
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In a state prone to SCS, wind, floods and freezes, carriers are still fighting for market share.
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Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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Ackman will need leaders like Ajit Jain behind him and make the right bets at the right price at the right time.
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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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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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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.
