Truist

The parties did not disclose whether any money changed hands to settle the legal proceedings.

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Truist Insurance Holdings said prior-year market tailwinds including rising rates, exposure growth and tightening labor markets, remained in Q1.

The Truist Insurance Holdings-owned broker also gave new roles to six executives across its practice areas.

The broker closed on the acquisition of KV, a national title insurance agency, announced in early February.

After calling 2021 its best year ever, Truist Insurance is purchasing private equity backed title insurer with nationwide operations.

Truist’s chief insurance officer John Howard said favorable market conditions position the unit for an even better year in 2022.

Ebitda margins were flat YoY at 27.3% but expanded by 250bps for the whole of 2021, while organic revenue grew by 11% over the same period.

AIG joins Aon, Zurich in industry apprenticeship program that aims to draw in young talent, improve diversity efforts.

Alliant’s motion to dismiss McGriff’s counterclaim in the case follows an order that judge Moore filed setting the case for a two-week trial commencing on August 29 next year in Miami.

The executives will report to Renee Keen, McGriff’s PL and small business CEO.

The wholesaler also said the ultimate size of industry claims from Winter Storm Uri and Hurricane Ida were less relevant than shock unmodeled loss components.