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Success in the soft market will be had when careful preparation meets opportunity.
The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
Rate pressure on wind and quake partially offset overall Q3 programs growth.
The Insurance Insider US news team runs you through the earnings results for the day.
The London-based executive will relocate to Daytona Beach, Florida.
The broker is understood to manage Brown & Brown’s account at Howden.
The business is beginning to integrate following a $9.8bn acquisition.
The executive has been serving as COO since February.
The move includes One80 Intermediaries, formerly part of Risk Strategies.
Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
The Risk Strategies parent company had also been the subject of bids from Marsh and Howden.
Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
The broker posted a 6.5% drop in organic growth YoY.
Some E&S business is flowing back to the admitted market but so far it is “anecdotal”.
This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
The Insurance Insider US news team runs you through the earnings results for the day.
Weatherbys Hamilton provides private client, bloodstock and farm coverage.
The broker is targeting run-rate synergies of $150mn by the end of 2028.
The $10bn acquisition of Risk Strategies is the biggest broker deal relative to size we have seen.
The acquirer will carry out a ~$4bn equity placement to help finance the transaction.
Sources said that negotiations are proceeding well with a path to do a cash deal.
Q1 was the ninth consecutive quarter of below-average deal volume.
The Insurance Insider US news team runs you through this week’s key agency M&A.
It will be tough to pull off prior goals despite management assurances.
The firm acquired total assets of $65mn and assumed liabilities of $11mn.
Competitor news
Competitor news
Competitor news
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The executive most recently served as the company’s chief broking officer. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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The dismissal comes after the judge in the case had stayed it just a day earlier.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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Sources said the executive will report to Julian Pratt in South Florida.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Marsh is also suing a second tier of former Florida leaders.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The executive will fill the role previously held by Howden’s Figliozzi.
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CEO Greg Case said data center demand could generate over $10bn in new premium volume in 2026.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The broker will join Ron Borys’ financial lines team.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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Sources said that the executive will join the reinsurance brokerage next year, after his garden leave expires.
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WTW’s Jessica Klipphahn will take over as head of North America mid-market.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Howden is facing fallout from its push into the US retail market via mass hires.
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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Early Q3 earnings reports point to worsening market conditions.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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The selloff may hint at headwinds for equity investors.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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The motion claims the New York court has no jurisdiction in the case.
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Though wildfire losses are up, total losses are the lowest since 2015.
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Shared and layered accounts are seen as reaping the biggest benefits.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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Jeremiah Bickham will be a strategic adviser until the end of the year.
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The executive was formerly EVP and central regional leader at Aon.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The executive has been at the broker for over 20 years.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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The executive will officially start in mid-November.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The executive has worked for Aon for almost two decades.
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Cyberattack/data breach remains in the top slot.
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Home buyers looking to close on a mortgage could find the private market an attractive alternative.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The $20bn+ TIV data center is seen as the leading edge of significant new demand.
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The executive will join Howden’s new US retail broking operation.
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The executive will initially focus on casualty fac business incoming as the result of the Markel renewal rights deal.
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Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
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Lockton Re has predicted major growth in the global cyber insurance market.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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The deal’s benefits headlined AJG’s investor day presentation.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The practice group will enhance the company’s existing offerings in E&S.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The platform aims to “bend the loss curve”.
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Former head of construction Bill Creedon will assume the role of chairman.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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The broker has filed a motion to dismiss the lawsuit by Marsh.
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The company said defendant "distraction" can’t make up for flimsy arguments.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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The lawsuit is the third filed by MMA against Alliant in the past year.
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Parrish, now CEO of Howden US, and his colleagues said they didn’t violate contracts.
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The executive succeeds current CEO Petway, who is retiring.
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Patton Kline succeeds Glod as US aviation and space practice leader.
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A key hearing in the poaching case is set for September 4 in New York.
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The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail.
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The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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The risk of cyber incidents that cause physical damage is also rising.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The company was right to drop its reinsurance unit and refocus on its specialty roots.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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An industry veteran of 34 years, the executive is known for placing US healthcare business in London.
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The suit asserts the raid will cause “incalculable harm” to the broker.
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The wholesaler also paid nearly $29mn for the Irish MGU 360 Underwriting.
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The president expects to see benefits from the deal in H2 2026.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Lion's share of Markel Re staff have been offered roles at Ryan, with others to work on run-off.
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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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Nationwide will delegate management of the policies to Ryan Specialty.
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The broker has noted that double-digit reductions are increasingly available in property.
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Behind the Headlines Podcast
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In Partnership with Moody'sJoin Insurance Insider for a free webinar, offered in partnership with Moody’s, at 10:30 EST/15:30 GMT on 22 January
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How do struggling governments across the globe tackle stagnating economic growth?
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In Partnership with Swiss ReThe global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
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