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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed. -
Sources said that negotiations are proceeding well with a path to do a cash deal.
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Third-party litigation financing remains the thorn in the sides of casualty insurers.
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Competition and ample capacity are pushing premiums lower.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Rates have fallen an average of 10%, though changes can be highly specific to each property.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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The exec will lead key initiatives including Aon United, and work closely with NFP.
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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Large account and E&S property have gotten competitive faster than expected.
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They cover environment, political violence, equipment and cannabis.
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Growth in construction projects is increasing the need for coverage.
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