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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
The affirmations reflect Everest’s strong underwriting diversification.
IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
A report by the ratings agency challenges current industry wisdom.
He was appointed CUO of casualty, Americas, in July last year.
The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
Models anticipate a busier second half, particularly in the next few weeks.
The carrier’s US and Europe claims teams will report to Dominic Clayden.
As part of the transaction, PE firm Atlas Merchant has agreed to sell its interest in MarshBerry.
The team previously operated with Sheerin and Woodruff but will grow to five brokers.
The boutique retail broker provides P&C and benefits services in the Mexican Caribbean hospitality sector.
He joins the company after 22 years in casualty leadership roles at Chubb.
Altamont Capital MD Sam Gaynor said the goal is to have fewer programs that can each grow to a significant size.
Bill Bouvier has spent more than three years at the legacy firm in this role.
Sources said that the carrier has held preliminary talks with private debt investors.
Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
The fundraising focus comes after it was acquired by The Baldwin Group in Q1.
Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
Both executives will be based in New York City.
A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
The carrier notified California regulators that it would stop renewing plans starting last month.
One of the options being explored is setting up a dedicated company for the wholesale vertical.
Competitor news
Competitor news
Competitor news
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help. -
Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.
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The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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Behind the Headlines Podcast
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In Partnership WithRichard Pennay, CEO of Aon Securities discusses how recent hurricanes and trapped capital shape the ILS market, at the ILS Connect 2024 conference in New York.
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In Partnership With DualConnie Germano discusses social inflation, collaboration, and limits in the evolving excess casualty market.
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In Partnership With ArchPaul Sullivan shares updates on Arch's growth strategy and the evolving delegated authority market, at the Target Markets 2024 Conference.
From our other titles
From our other titles
From our other titles
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
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.
From Insurance Insider US
WTW books 5% organic growth in Q2
The R&B unit posted organic growth of 6% in the quarter.
From Insurance Insider US
Conduit reports H1 loss and 122% CoR in ‘period of transition’
The carrier said market dynamics were shifting due to increased capacity.
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.
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.