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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals. -
Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Former Aon employees are barred from using Aon’s confidential information.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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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 broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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This year, Brown & Brown, WTW and Baldwin emerged as major acquirers in the latest consolidation cycle.
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Based in San Francisco, the executive specializes in venture capital and AI companies.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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Specialty was the busiest segment but still recorded a YoY drop of seven points.
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The facility has expanded to cover construction and renewable energy risks.
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In a state prone to SCS, wind, floods and freezes, carriers are still fighting for market share.
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Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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Ackman will need leaders like Ajit Jain behind him and make the right bets at the right price at the right time.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The company named two execs to head global wholesale and commercial.
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Valor Equity led the raise, which included Lightspeed and General Catalyst.
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Ackman is targeting high-teens RoE at Vantage via underwriting gains and equity investing.
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Inflation was down from the 3% recorded for the 12 months ending in September.
