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US events accounted for more than 90% of global insured losses.
June’s increase was up from May’s 0.2%.
In May, this publication revealed that Warburg was among the PE bidders for KAP.
Category 4 and 5 storms could become more common and hit further north.
Last year, the firm obtained a Class 4 license in Bermuda.
Finsness joined the carrier in 2014 and was head of casualty claims in Bermuda from 2017 to 2023.
The VC firm has been incorporated in Delaware since its founding in 2009.
Nominee Neil Jacobs was warned cuts will cause ‘rising home insurance rates’.
Apax and Carlyle will continue to back the broker consolidator.
Despite predicting fewer hurricanes, the numbers are still above average.
His 30 years of experience includes stints at Tokio Marine and Swiss Re.
Volante joins capacity providers Allianz and Tokio Marine Kiln.
Renewable energy premium written in London and international markets amounts to $2bn.
The reinsurer said US president Donald Trump’s policy was already impacting investment.
Demand and growth opportunities remain ample despite competitive pressures.
The executive previously held roles at Capgemini, The Hartford and AIG.
The FTC granted early termination of the waiting period, leaving the acquisition on track to finish in early 2026.
The floods have killed at least 81 people, with dozens more missing.
The CD&R and Stone Point-backed wholesaler said that further international deals may follow.
But June was the busiest month of the year on the back of recent broker churn.
At the year’s mid-point, there were 111 new SCAs filed in federal courts.
The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
Florida recorded premium growth in June after declines in May and April.
Under the new law, vehicles will only be required to carry $100,000 in PIP per person.
Competitor news
Competitor news
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The executive has experience as both an attorney and a broker. -
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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He joined RPS in 1999 after a year-long stint as regional manager of Executive Risk.
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From our other titles
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From our other titles
From Insurance Insider US
HSCM among stock sellers in Slide’s $408mn IPO
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
From Insurance Insider US
Compre appoints HSCM’s Bardon to newly created CUO role
Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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Swiss Re Corporate Solutions
From Insurance Insider
Climate change remains a ‘pervasive threat’ to economy: Swiss Re CorSo North America CEO McGrath
Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
From Insurance Insider
Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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.