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Top Stories / Ad / Most Recent
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The executive’s 30-year career includes stints at Neon, Chubb and Arch. -
He served as SVP of transportation at ISC since mid-2024.
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The carrier combined its E&S primary and excess casualty units into a single group.
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This publication revealed earlier Everest could sell its LatAm and Canadian units.
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The proposal says oil companies cause climate change and, thus, increased cat losses.
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A quick roundup of today’s need-to-know news, including commercial rates, industry consolidation and more.
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A motion to dismiss argues the case should not have been filed in federal court.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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Carriers underweight in E&S could lead the charge in the next round of M&A.
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The trucking carrier has been building out its executive team this year.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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A quick roundup of our best journalism for the week.
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A memo to staff said the executive will be “pursuing new opportunities outside of our company”.
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Fleming Re bought the James River Re legacy book in 2024.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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A quick roundup of today’s need-to-know news, including SafePoint's potential IPO.
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Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.
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The legal setback came as publication of a Fema reform report was postponed.
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The move from Chubb comes at a moment of perceived weakness for AIG.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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The change was made on December 2 and was effective immediately.
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A roundup of today’s need-to-know news, including QEO’s new CEO and IQUW’S Bermuda D&O launch.
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The company announced four internal promotions this week.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Trump’s shadow loomed over the beachside sessions.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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A roundup of today’s news, including informal Chubb-AIG M&A talks and First Brands’ D&O program.
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The policy includes a $200mn limit with an additional $100mn for side A coverage.
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WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
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Canopius will continue to be one of several capacity providers to the MGA.
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MGAs going public is now a viable option, but dominating a market comes first.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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The highest portion of losses was experienced in Alberta.
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A quick roundup of today’s need-to-know news, including Parametrix’s Series B and S&P’s cyber outlook.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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Investors recalibrate their expectations for the segment as the soft market approaches.
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The CEO said that new funding will be used to expand its underwriting capabilities.
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The case is the latest in a series of lawsuits alleging Alliant raided MMA for talent.
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The Republican said his office has launched an investigation into the denials.
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The executive co-led the US financial institutions business at BHSI.
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A quick roundup of today’s need-to-know news, including Berkshire Hathaway’s new CFO.
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Ford had purchased a builder’s risk policy from the insurer.
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The company announced several moves Monday, including the promotion of Nancy Pierce to Geico CEO.
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Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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The years-long legal battle was brought on by a former employee alleging wrongful termination.
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A quick roundup of today’s need-to-know news, including Baldwin/CAC, Argonaut and more.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
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A quick roundup of our best journalism for the week.
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Earlier this week, The Baldwin Group said it will merge with CAC Group in a deal valued at $1.026bn.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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NY lawmakers are preparing a legislative package to address insurance costs in the Empire State.
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The executive said maintaining capacity is the main challenge in a soft market.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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The insurer says defendants billed “exorbitant” fees for non-existent services.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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A quick roundup of today’s need-to-know news, including Skyward, PHLY and more.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
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The transaction is expected to close early in the first quarter of 2026.
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The company had argued the judge missed key info when dismissing the case.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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The hire advances Howden’s growth push in the US.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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A quick roundup of today’s need-to-know news, including Howden/Atlantic and Allianz’s D&O outlook.
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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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Fears relating to an economic downturn continue to dominate concerns.
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Next year will mark five consecutive years of insolvency increases.
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The deal is slated to close in the first quarter of 2026.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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A quick roundup of today’s need-to-know news, including Brown & Brown, Marsh/Howden and more.
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Former chief growth officer Michael Anderson has taken on the CEO role.
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Marsh has accused its former execs of flouting a preliminary injunction.
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The retail heavyweight uses around 1,000 trading partners to access the wholesale channel.
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A favorable nine months for the industry does not solve its underlying problems.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Last month, Insurance Insider US revealed that MMA was set to buy Atlas following a sale process.
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The MGA said payments to affected customers began shortly after the event.
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A quick roundup of today’s need-to-know news, including MMA M&A and Keystone's CEO succession.
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The executive was most recently head of US casualty at Aon.
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Texas was up over 25%, though California and Florida both recorded reductions.
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In September, Insurance Insider US revealed that the firm had instructed a recruiter to search for Kinney’s successor.
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Insurance Insider US reviews Euclid’s process and recent events in US MGA and retail broking.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of today’s need-to-know news, including D&O risks, a climate lawsuit and more.
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Plaintiffs claim climate-induced cat losses have spurred increases in premiums.
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The executive will report to Katalyx president and CEO Praveen Reddy.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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A quick roundup of today’s need-to-know news, including property market softening, Marsh v Howden and more.
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The executives are based in Seattle and New York.
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The executive was previously the cyber practice lead for Ryan Financial.
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The London-based MGA will begin underwriting its international book next month.
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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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A quick roundup of today’s need-to-know news, including Farmers, Chubb/Scor and more.
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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The carrier said it anticipates a better market due to recent reforms.
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Light cat losses at year-end portend capital deployment and return decisions in 2026.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The PE firm held 3.1% of the company’s shares, but will now hold none.
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The industry veteran retired from AIG at the end of last year.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of today’s need-to-know news, including Gallagher Re, St Paul’s cyberattack and more.
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The city said it was self-insured at the time of the attack.
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The peril has been historically difficult to model compared to others.
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A quick roundup of our best journalism for the week.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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Sizable reserve releases offsetting casualty reserve charges cannot last forever.
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Habayeb will start next May following Kociancic's retirement.
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Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
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Casualty rate increases largely stabilized in Q2 and Q3 at 5%-10% for general liability.
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Similar bills targeting fossil fuel firms have been introduced in other states.
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Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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GC continues to pursue Willis Re and individuals in court.
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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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A quick roundup of today’s need-to-know news, including CRC and Euclid talks.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The valuation for the Jay Rittberg-led program manager is understood to be $1bn+.
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The MGA is exploring new product lines including condos and renters, CEO John Chu said.
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The move comes after the company posted 52% YoY top-line growth in Q3.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Senators asked for data on fraud but weren’t given any.
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Whether Clement's promotion was influenced by an inappropriate relationship is in scope.
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A quick roundup of today’s need-to-know news, including AIG, Dual/Liberty Mutual, Marsh/Howden and more.
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The company announced four key leadership appointments on Wednesday.
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The capacity deal comes over a year after Dual recruited Marilena Rodriguez Forero as CEO for the region.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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The carrier is currently focused on ~$1bn bolt-on acquisitions.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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The timing is unhelpful as the global insurer tries to get on the front foot with M&A.
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The plaintiffs' bar has been playing out the same rulebook for 15 years. It’s time the defense catches up.
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The tech error, now resolved, halted traffic to sites like X and ChatGPT.
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A quick roundup of today’s need-to-know news, including Hazelton’s return to Chubb and more.
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The move comes after Everest sold renewal rights for its global retail business to AIG.
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Softening rates amid worsening loss costs paints an uncertain future for the industry.
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The investor offloaded nearly 100,000 Allstate shares in Q3, according to its latest 13-F.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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The executive joined the company from Zurich last year.
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He will be replaced at a time when Fema is considering structural reforms.
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A quick roundup of today’s need-to-know news, including a medmal quota share and Everest’s legacy CEO.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the revision.
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The executive joins from RenaissanceRe.
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The ratings agency said that it continues to assess State Farm’s balance sheet among the strongest.
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Existing facilities and carrier partners will be transferring from K2.
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Finance and insurance hiring is 27% below 2022’s peak, compared with 37% nationwide.
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MassMutual will retain an 82% stake in the $470bn asset manager.
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A motion by defendants to dismiss the case was also denied.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A quick roundup of today’s need-to-know news, including AIG, Woodruff Sawyer and more.
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A quick roundup of our best journalism for the week.
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The broker said R&W rates rose to 2.8% in Q2 vs 2.5% in Q1.
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Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
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AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
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Bryant has spent over 30 years with the specialty carrier.
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The deal to reopen the government also extended the NFIP.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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A quick roundup of today’s need-to-know news, including Helix, Accelerant, NYC housing and more.
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The MGA began offering US commercial E&S property products in December.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The company expects to have $415mn to $430mn of third-party written premium in Q4.
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The mayor-elect has promised to build 200,000 new units in New York City.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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Average revenue per agency acquired YTD in 2025 was $2.35mn, down 13% year-over-year.
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The growth and profitability survey predicts 8.5% median growth for 2025.
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A quick roundup of today’s need-to-know news, including Fidelis, broking M&A, Marsh v Howden and more.
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Workers’ compensation was the only line that saw a YoY decrease.
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Many nuclear verdicts become much less radioactive on appeal.
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Longbrook Insurance will write multiple lines of business.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The fashion brand says the insurer failed to defend it in multiple lawsuits.
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The CEO thanked his friends and colleagues and said he was “going quiet”.
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A quick roundup of today’s need-to-know news, including Howden US, Tiptree’s Fortegra sale and more.
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Sources said that the New York-based InsurTech retained Evercore to advise on the process.
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The transaction is Davies’ largest strategic M&A addition to date.
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Veradace claims the deal benefits Tiptree management at shareholder expense.
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The executive most recently served as the company’s chief broking officer.
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The newly installed US vice chair explains why inefficiency drove her from legacy firms.
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The charity said that improved ecosystems could help protect from disasters.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It is understood that the MGA wants to start with renewable energy and transactional liability.
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The dismissal comes after the judge in the case had stayed it just a day earlier.
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The defendant held a $1mn general liability policy with Kinsale.
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Industry sources said they expect most larger firms will be able to meet the requirements.
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Sources said that the platform drafted in Ardea Partners to advise on the recap.
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Chief risk officer Shannon Lucas will move to COO as part of the shakeup.
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A quick roundup of today’s need-to-know news, including Marsh v Howden, medmal and more.
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A quick roundup of our best journalism for the week.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The executive noted that an influx of new entrants in the E&S market is increasing competition.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The loss would be one of the largest ever for mining underwriters.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo.
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From the carrier perspective, alignment of interests was a recurring theme.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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A quick roundup of today’s need-to-know news, including Allstate, InsurTech investment and more.
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The executive said inflation isn’t completely gone but is now “more understood”.
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The credit can now be applied to mitigation against operational losses.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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State regulators have largely avoided enforceable AI regulations, but bad news could change that.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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A quick roundup of today’s need-to-know news, including Lockton, Chubb, Allianz, Exzeo, and more.
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The reserve strengthening stemmed from bodily injury and defense costs for accident years 2023 and prior.
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Slide does expect a “meaningful” amount of takeouts for this month and next.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has now posted rate increases for 37 consecutive quarters.
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Executives expect an active 2026 for mergers and acquisitions as rates flatten across financial lines.
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The $21/share pricing falls in the middle of the expected range.
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The company is also prepared for potential M&A activity.
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The executive said the firm has grown its casualty business by 80% from 2022.
