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The payment will cover what the filing called “foregone incentives at his former employer”. -
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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A quick roundup of today’s need-to-know news, including Gallagher Re, St Paul’s cyberattack and more.
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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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A quick roundup of our best journalism for the week.
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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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Sizable reserve releases offsetting casualty reserve charges cannot last forever.
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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.
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Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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GC continues to pursue Willis Re and individuals in court.
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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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A quick roundup of today’s need-to-know news, including CRC and Euclid talks.
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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 MGA is exploring new product lines including condos and renters, CEO John Chu said.
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The move comes after the company posted 52% YoY top-line growth in Q3.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
