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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.
The sale will see a transfer of renewal rights and the product recall team.
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.
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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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