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Ackman is targeting high-teens RoE at Vantage via underwriting gains and equity investing.
Lower rates, more favorable policies and improved public cyber infrastructure are all contributing to the trend.
The parties now have 60 days to file a stipulation to dismiss the action.
A district court judge had dismissed the case in September, with prejudice.
Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
HSB CEO Greg Barats and American Modern CEO Andreas Kleiner will retire at the end of Q1 2026.
The Floridian also anticipates $115mn to $125mn in net income for the quarter.
This publication revealed earlier Everest could sell its LatAm and Canadian units.
Several lines had price decreases, while growth in most sectors slowed from previous quarters.
A memo to staff said the executive will be “pursuing new opportunities outside of our company”.
Fleming Re bought the James River Re legacy book in 2024.
The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.
The legal setback came as publication of a Fema reform report was postponed.
The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
The policy includes a $200mn limit with an additional $100mn for side A coverage.
WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
The highest portion of losses was experienced in Alberta.
Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
The CEO said that new funding will be used to expand its underwriting capabilities.
The Republican said his office has launched an investigation into the denials.
Ford had purchased a builder’s risk policy from the insurer.
The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
The insurer says defendants billed “exorbitant” fees for non-existent services.
Several Lloyd’s syndicates are also now providing cover for the federal insurer.
Competitor news
Competitor news
Competitor news
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The deal follows a minority investment from the insurer in the summer. -
Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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Carriers underweight in E&S could lead the charge in the next round of M&A.
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The move from Chubb comes at a moment of perceived weakness for AIG.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The industry veteran retired from AIG at the end of last year.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Whether Clement's promotion was influenced by an inappropriate relationship is in scope.
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The timing is unhelpful as the global insurer tries to get on the front foot with M&A.
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The executive joined the company from Zurich last year.
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AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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Underwriting income for North America quadrupled to $384mn, and the segment recorded a CoR of 82.6%.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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A re-focus on reinsurance nearly brings Everest back where it started.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The global insurer will need to convince investors on the quality of the book.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The carrier has been exploring launching into P&C organically or via acquisition.
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The company will implement a new leadership structure after his departure.
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AIG’s filing alleges copyright and trademark breaches, as well as violations of unfair business practice laws.
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He was appointed CUO of casualty, Americas, in July last year.
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Ransomware claims have made up the majority of recent large losses.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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Clients in the segments that AIG trades in may not be as receptive to the idea as the insurer would like.
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Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
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The Delaware high court’s reasoning could find application in other cases.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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The state’s Supreme Court upheld two lower court decisions finding no liability.
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Claude Wade is to step down from his role to address ongoing health issues.
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The carrier is the first Fortune 500 company to take a stake in a League Two club.
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The former executive passed away following a 40-year career in insurance.
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Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
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Submissions flow at E&S arm Lexington increased 28% year-over-year in Q2.
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Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive had previously worked four years as head of trade credit for AIG.
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The former Everest executive has more than 30 years of A&H experience.
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The move consolidates the company’s leadership of primary and excess construction casualty lines.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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The former Lloyd’s CEO will not make his planned move to Aon.
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He has pleaded not guilty to the criminal charges, which carry potential life sentences.
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The appointments will be effective as of August 1.
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When it comes to sympathetic juries, high net worth individuals are under the same pressure as corporations.
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The January wildfires did little to hamper their appetite, apart from California.
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The unit will include both ocean and inland marine coverage.
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Ed Short was previously VP, digital partners, at Arch.
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The executive will be responsible for leading E&S primary and excess casualty.
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The settlement requires Dellwood’s Price to write an apology to Peter Zaffino.
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Sources said MarshBerry was retained earlier this year to run the sale.
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He will lead AIG’s business across Latin America and the Caribbean.
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
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The result has been a sharp increase in the use of captives.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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The unit grew Q1 NWP by 23% overall, led by a 27% growth in casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The California wildfires in January accounted for $460mn of Q1 cat activity.
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The days of 30%+ growth are probably behind the firm, he said.
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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The insurer also pointed to accelerating growth, M&A to come, and a sub-30% ER.
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A US buy would have to be easily integrated, the CEO stated.
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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AIG veteran Kevin Bidney will focus on North American marine.
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The executive said AIG’s E&S arm can grow 20% a year and generate $4bn of new business.
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The judge noted similarities in Dellwood’s business plan and AIG’s.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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GAAP reserve triangles reveal the struggles of some hybrid franchises.
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Delegated underwriters are seeing an opportunity to write in the PVT market as an add-on to property coverage.
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Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
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Alexandra Furth has more than 20 years of claims and legal leadership experience.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier reshaped its portfolio in 2024, cutting costs and investing in Gen AI and LLM technology, CEO Peter Zaffino told staff.
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The company, meanwhile, is bullish on E&S US casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
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The executive joins after 20 years with Lexington.
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The carrier is restructuring the business into three segments.
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The exec previously spent over 12 years at Aon, recently as chief innovation officer, commercial risk NA.
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Robin Hamilton has been appointed head of energy and marine liability.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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What were the defining moments that shaped the insurance market in 2025?
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How do you harmonise distribution strategies in a rapidly evolving marketplace?
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In Partnership with AXISMichael McKenna, Head of North America Specialty Insurance, AXIS, outlines the key trends shaping the industry as 2025 comes to a close and underscores that talent acquisition and rapid technology integration will be critical for specialty insurance in 2026.
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From Insurance Insider
Insider Outlook: Year in Review
From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months.
In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
From Insurance Insider US
Commercial lines rate increases slow to 3.8%: WTW
The figure is down from 5.9% in Q2 2024.
From Insurance Insider
LIVE from Monte: Mereo CEO Croom-Johnson
While investors recently have favored the “instant gratification” of supporting brokers and MGAs, start-up reinsurer Mereo CEO David Croom-Johnson said he thinks capital will “fall back in love” with balance-sheet companies who deliver consistent profitable results.
From Insurance Insider ILS
Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
From Insurance Insider
LIVE from Monte: Paul Campbell, Global Growth Officer for Aon’s strategy & technology group
Paul Campbell details how the most profitable insurers act during a soft versus hard market.
From Insurance Insider US
Brown & Brown appoints Hearn to lead global operations
The executive has been serving as COO since February.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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