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The Insurance Insider US news team runs you through the key M&A deals from the past week.
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Based in London, the executive will report to Ocean Re CUO Jamie Wakeling.
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Average premiums rose 5.8% across all major lines, roughly flat from 5.7% in Q4.
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The former Everest executive will look to roll out a range of new product lines at the heavyweight MGA.
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A quick roundup of this week’s biggest stories.
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The executive had previously worked at global talent agency William Morris Endeavor.
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Rappa will take on the role effective May 20.
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She will retire as CEO of North America at the end of 2024.
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The CEO said he is “optimistic” about the future of the commercial space.
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In 2023, the InsurTech recorded 107% YoY revenue growth and 145% net revenue retention.
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The executive announced last month that he was leaving Parsyl, where he had worked since 2021.
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Citizens also secured $1.1bn of limit for its Everglades Re cat bond.
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Beazley has tapped Melissa Carmichael as head of US cyber, effective immediately.
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This takes pre-tax cat losses for the calendar year to $1.23bn
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Spreads on all tranches of notes settled above the initially guided range.
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The deal represents a major milestone in AIG’s repositioning as a pure-play P&C insurer.
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The conglomerate exited its $620mn position in Markel, which it has held since 2022.
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The CEO is one of more than 20 executives who received letters from Floir citing Statute 624.4073.
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YoY Ebitda margins for private brokers declined two points, to 29% in Q1.
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The suit also names CEO William Spiegel and CFO Tom Solomon as defendants.
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The segment’s accident year 2023 combined ratio moved up 1 point to 98% in 2023.
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The company said Matson’s transition to vice chairman is voluntary.
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The all-items CPI has increased 3.4% over the last 12 months.
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The executive is to pursue “a different entrepreneurial path”, according to an internal memo.
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The ratings agency warns that wildfire is an increasingly risky and unpredictable peril.
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Rina Visconti is joining the firm’s national casualty practice after 27 years at CRC.
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Farmers cited “positive changes” in the state's commercial insurance market.
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The executive will report to Aon fac head in south Florida Eduardo Hussey.
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The executive succeeds Rick Miller, who passed away last month at age 62.
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Based in Virginia, she will identify and pursue Mid-Atlantic opportunities.
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Christopher Cavallaro's appointment to the company's board of directors is effective this month.
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Deal volume for Q1 decreased to 111 transactions from 116 last year.
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The FTC issued a final rule on April 23 banning the use of non-competes nationwide.
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The underwriters will receive a 30-day option for an additional one million shares.
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Michael Yeats will now lead the automatic reinsurance facilities division in the US.
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Across three offerings, Victor increased coverage maximums by $33mn.