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The Insurance Insider US news team runs you through the earnings results for the day.
The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn.
The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
Floir has greenlit at least 14 new companies to operate in Florida in the last few years, contributing to the competition.
Casualty premiums grew 56.7% year on year in Q2 2025.
The Insurance Insider US news team runs you through the earnings results for the day.
This publication revealed two years ago that EQT could lodge a $1bn claim.
She joins the specialty insurer after working at Hamilton as CUO.
The former executive passed away following a 40-year career in insurance.
Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
The Insurance Insider US news team runs you through the earnings results for the day.
The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
The carrier reported an increase of 82% in pre-tax income.
More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
Rates continue to fall across the state but are firmer in the southeast region.
Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
The 127-acre corporate campus has been the reinsurer’s North America headquarters since 1999.
The carrier sees opportunities to grow in New York, the mid-Atlantic and Florida.
CEO Rick McCathron also said the company is seeking to diversify its portfolio.
California wildfires account for $40bn of the insured loss tally in H1.
The gross loss ratio for the homeowners InsurTech fell by 12 points last quarter.
With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
The company reduced its proportional quota share program from 55% to 20% cession.
Competitor news
Competitor news
Competitor news
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The carrier is offering 50 million existing shares of common stock and granted a 30-day option for underwriters to purchase up to an additional 7.5 million shares. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Excluding programs, the E&S insurer grew around 25% in the quarter, led by 33% growth in wholesale casualty.
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Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.