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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US. -
The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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Ackman is targeting high-teens RoE at Vantage via underwriting gains and equity investing.
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The parties now have 60 days to file a stipulation to dismiss the action.
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A district court judge had dismissed the case in September, with prejudice.
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Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
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HSB CEO Greg Barats and American Modern CEO Andreas Kleiner will retire at the end of Q1 2026.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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This publication revealed earlier Everest could sell its LatAm and Canadian units.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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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 packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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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 market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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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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The highest portion of losses was experienced in Alberta.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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The CEO said that new funding will be used to expand its underwriting capabilities.
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The Republican said his office has launched an investigation into the denials.
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Ford had purchased a builder’s risk policy from the insurer.
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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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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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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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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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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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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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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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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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Plaintiffs claim climate-induced cat losses have spurred increases in premiums.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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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 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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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 city said it was self-insured at the time of the attack.
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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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Habayeb will start next May following Kociancic's retirement.
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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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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 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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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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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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The tech error, now resolved, halted traffic to sites like X and ChatGPT.
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The investor offloaded nearly 100,000 Allstate shares in Q3, according to its latest 13-F.
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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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He will be replaced at a time when Fema is considering structural reforms.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the revision.
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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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A motion by defendants to dismiss the case was also denied.
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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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The MGA began offering US commercial E&S property products in December.
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The company expects to have $415mn to $430mn of third-party written premium in Q4.
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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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Longbrook Insurance will write multiple lines of business.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The transaction is Davies’ largest strategic M&A addition to date.
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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 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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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 executive said inflation isn’t completely gone but is now “more understood”.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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Slide does expect a “meaningful” amount of takeouts for this month and next.
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The company has now posted rate increases for 37 consecutive quarters.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Sources said the executive will report to Julian Pratt in South Florida.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The Marsh-placed account renews its all-risks cover on 16 November.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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Underwriting income for North America quadrupled to $384mn, and the segment recorded a CoR of 82.6%.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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This publication exclusively reported the executive’s plans last month.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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Widespread underinsurance and low exposures will limit losses.
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Both the primary and reinsurance segments benefitted from a light cat year.
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It is understood the permanent reinsurance capital vehicle is called Highline Re and will sit behind fronting carriers.
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CEO Greg Case said data center demand could generate over $10bn in new premium volume in 2026.
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The broker grew earnings per share by 12.1% during the quarter.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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Dairy and livestock products within the agricultural unit were main growth drivers in Q3.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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The CEO said the carrier is seeing sequential PIF growth in several states.
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Sources said that the transaction valued the Californian auto F&I business at over $1bn.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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The reductions reflect a mix of programs being handed off and MGAs proactively switching.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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The regulations are designed to address long-term solvency concerns.
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The LA fires were a microcosm of “everything we do well when things go bad”.
