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The deal is slated to close in the first quarter of 2026. -
The company has been growing rapidly since the summer, with at least 300 currently employed.
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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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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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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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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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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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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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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 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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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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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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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.
