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Chubb paid $300mn to Aon for pet insurance MGA Healthy Paws
The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
Research
Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
Reserving trends, pricing declines and hurricane forecasts are causes for concern.
Stable first half insufficient to counterbalance concerns on reserving trends.
The industry is mostly reluctant to raise capital with high interest rates, except for brokers.
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Organic growth was in line with WTW and Marsh McLennan, which both posted 6% underlying expansion.
The investment will be used to scale operations and extend its presence in key international markets.
CFO Doug Howell said the company has invested around $700mn in M&A this year.
NatGen allegedly collected $500mn associated with the fraud.
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Daily Digest: Top news from July 26
July 26, 2024
Opinion
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James River’s legacy deal buys it time to secure its future, or an exit for shareholders
Adam McNestrie and Ben Wylie
HNW hard market ongoing as carriers ‘cherry pick’ risks
Underwriters are getting increasingly granular, rewarding mitigation and prevention with better terms.
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“I think it just starts with people just being desensitized to these numbers,” he said.
The Oxbow report found that AI use cases span the entire (re)insurance capability model.
She said potential hurricane activity was just one factor impacting the 2025 outlook.
The executive gave his view on the (re)insurance landscape and the impact of PE on the sector.
Upcoming conferences & awards
![LMC 2024 (3).png](https://assets.euromoneydigital.com/dims4/default/0987c4d/2147483647/strip/true/crop/300x200+0+0/resize/680x453!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F12%2F6b%2F72d2e1714c2097c4e0a4dbbfcd16%2Flmc-2024-3.png)
London Market Conference 2024
Venue: Convene 22 Bishopsgate, London
Further information coming soon...
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