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The deal echoes Lightyear’s earlier investment in Inszone Insurance.
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Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.
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Marsh alleges Aon also went after its clients as well as its employees.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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Insurance Insider US explores the economics of the lift-out growth strategy.
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The BRIC program helped fund local resiliency programs, which can reduce loss costs.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Insured losses were the second highest on record for the first quarter.
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The executive has been with the firm for 20 years.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
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The growth figure represents a 5-point deceleration on the 9% reported in Q4 2024.
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