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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
The firm’s trajectory could, however, make it harder to meet guidance going forward.
Casualty, general liability and excess will also see rate pressure.
The Insurance Insider US news team runs you through the earnings results for the day.
Mike Neal and Mark Abate have been elevated to senior leadership roles.
Hearn has held CEO positions with several other units of the Ardonagh Group.
Quintes' revenues for 2025 are projected in the $110mn-$120mn range.
Quintes will continue to be led by Gijsbert van de Nieuwegiessen, CEO and founder.
Property rates are under pressure, with some accounts seeing rate decreases.
The Insurance Insider US news team runs you through the earnings results for the day.
Accounts with poor performance records are expected to see flat to 20% rate increases for cat coverage, according to Floridian broker Brown & Brown’s Q3 Market Trends report.
Cat rates meanwhile are seeing downward pressure from 'pricing fatigue’ and limit expansion.
The Insurance Insider US news team runs you through the earnings results for the day.
The announcement was made in a securities filing Thursday morning.
The charity supports mental health causes such as research and education.
Insurance Insider US examines public brokers’ 2023 M&A.
The broker’s Q4 programs reinsurance change led to a one-time $19mn charge that will allow it to reduce its PML exposure.
Brown & Brown Q4 organic growth slows to 7.7% on programs deceleration
The executive retired from Zurich effective 31 December, 2023, most recently serving as chief transformation officer, after beginning her career with Zurich in 1991.
Founded in Volusia County, Florida in 1948, Caton Insurance merged with John Hosey agency in 1993 to create Caton-Hosey Insurance.
The Insurance Insider US news team runs you through some of the key M&A intelligence from the past week.
Broker and commercial carrier trends separate as inflation slows but rates stay elevated.
At least one carrier struck a note of caution during Q3 earnings about the ongoing rapid growth story in surplus lines.
The Brown & Brown CEO noted that property cat remains "the most challenging" line, while workers' comp decreases have continued to slow.
Competitor news
Competitor news
Competitor news
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The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added. -
The Willis name, which dates back to 1828, will be used with clients and markets.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Behind the Headlines Podcast
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In Partnership With Allianz CommericalFollowing several years of stellar returns for reinsurers, what does this year's January renewal pricing swing mean for clients?
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In Partnership With Allianz CommericalWhat is the fate of rating conditions in the coming year and how are major players preparing?
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In Partnership With Allianz CommericalThe proliferation of broker facilities has been a growing trend – but is it just a symptom of the market cycle?
From our other titles
From our other titles
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From Insurance Insider US
Evacuations ordered as major wildfires rage in Los Angeles
More than 4,000 acres are burning as thousands evacuate.
From Insurance Insider US
Talent Tracker: Finpro and property had the most movement in 2024
Both the US and UK had busy summers, but the talent momentum in the US did not continue into Q4.
From Insurance Insider
Enstar to be taken private by shareholder Sixth Street in $5.1bn deal
The deal values the business just under its closing price on Friday, at 0.97x book value.
From Insurance Insider
Aspen promotes Dunleavy to president and Pickering to group CFO
The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
From Insurance Insider ILS
Chubb adds $1.7bn US cat top layer to treaty
The insurer also pushed up its retention by $650mn.
From Insurance Insider ILS
Hilti leads management buyout of Credit Suisse ILS from UBS
The sale is expected to be completed by the end of the year.
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.