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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.
He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
The transaction is expected to close early in the first quarter of 2026.
The company had argued the judge missed key info when dismissing the case.
Sources said the deal will value the US M&A insurance broker at over $500mn.
Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
Fears relating to an economic downturn continue to dominate concerns.
Next year will mark five consecutive years of insolvency increases.
Competitor news
Competitor news
Competitor news
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Carriers underweight in E&S could lead the charge in the next round of M&A. -
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.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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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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In Partnership with AXISLooking ahead to 2026, Michael Silas, Head of Global Credit, AXIS, sees mildly positive global growth driven by tech and infrastructure, but says credit sentiment remains cautious and reinsurers must still price to long‑term tail risk.
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In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
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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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