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The multi-line program seeks to support investors, developers and operators involved in the AI boom.
The capacity backs the reinsurance underwriter to cover international risks outside the US.
The medical care index increased 3.5% over the past 12 months.
The July purchase has not been contested in bankruptcy filings.
The MGA platform has launched more than 20 new vehicles since 2021.
The executive will take the position left vacant by Alain Bizet, who moved to lead Chaucer LatAm in Miami last year.
eMaxx Reciprocal Insurance Exchange will write commercial P&C as an insurer and reinsurer.
Markel said Paul Melone will oversee Botticelli's responsibilities in the interim.
Tokio Marine HCC, Chubb, IQUW and BluNiche are also on the tower.
Oliphant was the president of the property division for Core Specialty for five years.
The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
2024 was the sixth consecutive year when the liability inflation index surpassed economic inflation.
The $100mn ABC tower led by Berkshire Hathaway Specialty remains under an automatic stay.
Court filings confirm previous reporting from this publication.
Zaffino will become executive chair of AIG and retire as CEO by mid-year.
The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
Ashleigh Edwards will report to group CUO Mark Pepper.
This is lower than some estimates, which had put insured losses at over $30bn.
This publication exclusively revealed the $1bn deal last November.
California and Florida were up significantly, but premium growth slowed in Texas.
The president and CEO will also be eligible for up to $50mn in shares.
Defendants can service clients who signed BOR letters as of December 29.
Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
Verisk entered the agreement to purchase the SaaS platform in July this year.
Former Aon employees are barred from using Aon’s confidential information.
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Upon closing, the unit will be renamed First Product Protection. -
The sale will see a transfer of renewal rights and the product recall team.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Insider Outlook: Year in Review
From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months.
In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
From Insurance Insider US
Commercial lines rate increases slow to 3.8%: WTW
The figure is down from 5.9% in Q2 2024.
From Insurance Insider
LIVE from Monte: Mereo CEO Croom-Johnson
While investors recently have favored the “instant gratification” of supporting brokers and MGAs, start-up reinsurer Mereo CEO David Croom-Johnson said he thinks capital will “fall back in love” with balance-sheet companies who deliver consistent profitable results.
From Insurance Insider ILS
Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
From Insurance Insider
LIVE from Monte: Paul Campbell, Global Growth Officer for Aon’s strategy & technology group
Paul Campbell details how the most profitable insurers act during a soft versus hard market.
From Insurance Insider US
Brown & Brown appoints Hearn to lead global operations
The executive has been serving as COO since February.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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