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WSIA Annual Marketplace 2024
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Insurance Insider US is excited to join WSIA 2024 from 22-25 September in San Diego. We'll deliver exclusive news and insights from the ground, available via this hub and our daily email newsletters. Subscribe now for access to our content or email us to connect at the event.
Latest News
Latest News
Honeycomb secures Builders capacity for E&S real estate program
The deal provides Honeycomb with up to $24mn of capacity.
WSIA in focus: Four questions the wholesale market needs to answer
The future of E&S, the wholesale landscape and casualty pricing are topics up for discussion.
US surplus lines market broke $100bn premium threshold in 2023: AM Best
The 17.4% DWP growth, however, was a deceleration from 2021’s 25% peak.
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Negotiations come after Insurance Insider US revealed that the Bermudian was running an auction.
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The top four lines posted low-single digit to high-single digit policy count growth.
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The CEO said there’s only one public pure wholesale broker, Ryan Specialty, and its IPO was in “favorable conditions”.
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Stephen Buonpane will lead the division, with Danielle Stewart as COO.
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James River will also oppose a Fleming motion to uncover additional documents.
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Commercial liability and commercial property continue to dominate.
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Dellwood claims allegations in AIG’s latest filing are still barred by res judicata.
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The top three states averaged a 14% YoY gain, compared to June’s 3.3%.
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As property momentum slows, personal lines excess and surplus could start outperforming.
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The CEO estimated that the loss trend is running in the high 5% range, slightly below the carrier’s rate increase.
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The arrangement enables PCS to expedite growth.
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Axa's newly formed teams join the company's "complex cyber" unit.
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Executives flagged elevated packaged auto loss activity in Q2.
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For many, it could be a “wake-up call” to the systematic exposures inherent in cyber.
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Average rate increases went to 5.6% in June 2024 from 28.2% in June 2023 .
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The Longtail Re deal buys the specialty insurer time to secure its future, or an exit for shareholders.
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Fleming files claims against James River, its CEO Frank D’Orazio and group CFO Sarah Doran.
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The tower now represents a 47% increase from 2023.
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State National is providing $160mn of adverse development reinsurance coverage.
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It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.
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Dellwood recently appointed Aspen’s Felicia Rawlin as head of property.
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The top three states averaged a 3.3% YoY gain, down from May’s 15.8%.
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Tara Hill launched last month and is headed by Core Specialty’s Peter McKeegan.
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This follows AIG’s voluntary dismissal of claims against Dellwood’s top execs.
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AM Best assessed Dellwood’s balance sheet strength as “very strong”.
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Industry veteran Peter McKeegan will lead the firm.
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Ryan Specialty CEO Pat Ryan opened the event, which was held last week in New York.
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In high-capacity, global E&S property, London has continued to be aggressive.
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Kinsale CEO Mike Kehoe said social inflation is unabating, but losses fuel the industry.