Top Section
AIG appoints Marsh’s Walsh as CFO as Purtill steps down
Based in New York, he joins the firm after seven years as Marsh CFO.
Research
Potential for rate cuts at the upcoming Fed meeting should be an addressable event for P&C insurers.
Increasing loss picks in difficult lines suggest top writers are accepting shifting loss trends.
The highest releases in nearly 15 years challenge conventional wisdom on reserving.
Civil case, nuclear verdict and claims count data show worrying trends.
Latest news
A quick roundup of today’s need-to-know news, including AIG, AmFam, Sentry, and the NAIC.
Nick Abraham will succeed Nathan Mathis as CEO of the firm's London-based specialty distributor.
PVT business has been attracting new capacity after recent rate increases.
SMEs represented 98% of cyber claims from 2019-2023 totaling $1.9bn.
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Zywave brings on Simoncic as CEO, Kasper as CFO
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US surplus lines market broke $100bn premium threshold in 2023: AM Best
September 17, 2024 -
California announces plans to develop public wildfire cat model
September 17, 2024 -
Moody’s RMS estimates Hurricane Francine losses at under $2bn
September 17, 2024 -
MSIG USA appoints Sompo’s Thorogood as head of reinsurance
September 17, 2024
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Property rates in Q2 declined YoY for the first time since 2017: Aon
September 17, 2024 -
Plaintiff in suit against Lockton wins motion to remain anonymous
September 17, 2024 -
Vantage promotes Granda to head of political risk and credit
September 17, 2024 -
Dellwood brings on Sloan as director of excess casualty
September 17, 2024 -
BellTower invests into Ascot as former Carlyle CEO Lee appointed chairman
September 17, 2024
Opinion
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Core Specialty is the son of Validus refracted through an AFG lens
Adam McNestrie and Husain Rupawala
Monte Carlo postcard: Confidence wobbles on recent accident years for US casualty
US liability was a hot topic at the European conference.
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Cyber market rates won’t firm up until mid-2025: Converge CEO Kang
September 17, 2024 -
US surplus lines market broke $100bn premium threshold in 2023: AM Best
September 17, 2024 -
Gillingham and Walsh to launch PVT business through United Risk platform
September 17, 2024 -
Moody’s RMS estimates Hurricane Francine losses at under $2bn
September 17, 2024
The executive struck a cautious note on the industry’s reserve adequacy for the 2021-23 accident years.
Expansion of the middle-market book is an ongoing focus.
The broker has seen an “outpouring of interest” from talent looking to join since the Truist exit.
The top four lines posted low-single digit to high-single digit policy count growth.
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