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eMaxx Reciprocal Insurance Exchange will write commercial P&C as an insurer and reinsurer. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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The lawsuit is the latest in a string of cases against Howden by rival brokers.
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The move is one of several promotions that shake up the property, cat modeling and client/broker relationship teams.
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Markel said Paul Melone will oversee Botticelli's responsibilities in the interim.
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The specialist insurer, meanwhile, expects growth opportunities in homeowners’ this year.
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The driving forces which underpinned the boom in the MGA market all look markedly different from three years ago.
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Tokio Marine HCC, Chubb, IQUW and BluNiche are also on the tower.
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Nick Durant helped launched Lockton Re North America in 2019.
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Oliphant was the president of the property division for Core Specialty for five years.
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He will join the company on January 15 as SVP, global market and product relations.
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The team will focus on distressed, hard-to-place accounts.
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The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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The carrier will offer $10mn per risk, targeting large corporations.
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Matthew Stitham replaces Donnacha Smyth, who was promoted to global CUO, casualty.
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2024 was the sixth consecutive year when the liability inflation index surpassed economic inflation.
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Insurers have thrown fuel on the fire of the soft property market and brokers will struggle to eke out organic growth.
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The $100mn ABC tower led by Berkshire Hathaway Specialty remains under an automatic stay.
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The move marks the firm’s intention to broaden its US reinsurance offerings beyond facultative capabilities.
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The bill would also mandate guaranteed replacement cost coverage.
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Its platform includes a US-based E&S carrier, a Lloyd's syndicate, two coverholder MGAs and more.
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Court filings confirm previous reporting from this publication.
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The market is now approaching something that “looks like equilibrium”.
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The board has moved decisively to put in place credible nextgen leadership, closing off sale speculation.
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Andersen’s annual target compensation as successor will be $18mn, after he assumes the CEO role in June.
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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.
