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A motion by defendants to dismiss the case was also denied. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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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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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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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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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 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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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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Chief risk officer Shannon Lucas will move to COO as part of the shakeup.
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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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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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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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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.
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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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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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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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Marsh is also suing a second tier of former Florida leaders.
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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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Casualty rates in Q3 rose 6.1% driven by increases in commercial auto, energy and excess liability.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Success in the soft market will be had when careful preparation meets opportunity.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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The insurer reached highs of over 1.4 million policies in September 2023.
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HNW family offices are now among investors considering the US MGA segment.
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Fears of the oncoming soft market are causing a sector rotation away from P&C.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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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 that Sutton National is the fronting carrier sitting behind the facility.
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The Bermuda carrier brought a winding-up petition earlier in October.
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The acquisition will expand PHLY’s presence in the niche market.
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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 the permanent reinsurance capital vehicle is called Highline Re and will sit behind fronting carriers.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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The search for a CFO had been underway since last July.
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Many commercial risks will have London coverage, but insured values are relatively low.
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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 NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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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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The Insurance Insider US news team runs you through the earnings results for the day.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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Dairy and livestock products within the agricultural unit were main growth drivers in Q3.
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The FIO said it will work with regulators on coverage for digital assets.
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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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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The broker will join Ron Borys’ financial lines team.
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A re-focus on reinsurance nearly brings Everest back where it started.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
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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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This publication revealed that Starr was zeroing in on the deal earlier today.
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The reductions reflect a mix of programs being handed off and MGAs proactively switching.
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The parties could announce the transaction soon, according to sources.
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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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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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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”.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
