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Commercial auto, workers’ comp and BOP were down from Q3, however.
The launch is a milestone in the company’s ongoing US retail buildout.
The MGA can offer AI liability limits up to $8.5mn for US companies.
The company will also split operations into US and international divisions.
Travelers grew NWP by 1% in Q4 as BI rose 2%, specialty increased 4% and personal lines was unchanged.
The year featured the fewest multi-billion-dollar insured loss events since 2019.
The parties will likely consider settlement talk formats after discovery.
The move comes after the sale of Dual’s crisis management division.
The storm is expected to bring freezing rain and heavy snow across a wide swath of the US.
The agency cited falling property rates and US casualty challenges.
The insurer will be a cornerstone investor in the manager’s new PE platform.
The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
Private capital-backed buyers accounted for 605 of 854 deals last year.
The executive’s departure comes amid a wave of cyber reshuffling in the industry.
Guy Carp has been rebuilding its marine and energy team after a major Willis Re team lift.
Sources said Jefferies and RBC have been retained to advise on the sale process.
It is understood that the MGA will use AI to try to identify claims patterns and litigation outcomes.
While buyers enjoy favorable market conditions, increased costs from tariffs could spell trouble in 2026.
The executive was previously head of casualty at the AIG subsidiary.
This program is designed to provide insurance for small contractors.
On average, Pure members will see a 7.6% rate decrease.
The MGA’s property team buildout was led by Clif Hope, former Lexington head of property.
Insurance has been an increasingly salient issue among politicians in the state.
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.
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The deal follows Alacrity’s sale last year to a group of its private lenders. -
The CEO said Beazley would retain its brand and management and gain $9bn of premium.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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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.
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Brown & Brown appoints Hearn to lead global operations
The executive has been serving as COO since February.
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