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Colorado and New York have already passed regulations regarding insurer AI use.
Evercore has reached out to a combination of strategics and private equity houses.
Price Forbes operations in Miami, Chile and Peru will report to Mulic.
The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
Its full-year combined ratio for 2024 ballooned to 334.6%, from 124.7% in 2023.
Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
Based in London, the executive joined BMS nine years ago after a stint as MD at AJ Gallagher.
Commissioner Lara also proposed a $500mn cash infusion from parent State Farm.
Of the 178 passengers and crew on board, no serious injuries have been reported.
CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.
Auto and homeowners’ insurance will see effects from the tariffs.
The carrier was seeking to expand its March 1-renewing program.
“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.
Aviation reserve strengthening added 10.1 points to the combined ratio.
Perlman has been at MMA for over six years, most recently as president of national business insurance.
The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
Four cat modelers have also submitted their tech for regulatory review.
The executives will join the company in the coming weeks.
“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
Wows will offer coverage tailored to high-value properties, written on non-admitted paper.
The company said it now expects the transaction to close in H2 2025.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Markel had announced the exit from the line of business in the US last year.
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Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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