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The Insurance Insider US news team runs you through this week’s key agency M&A. -
Drummond had asked the state’s insurance commissioner to help him combat rising rates.
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California and Florida were up significantly, but premium growth slowed in Texas.
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The president and CEO will also be eligible for up to $50mn in shares.
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The first round of 2026 renewals was largely favorable for buyers.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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The market was unphased by January’s record wildfire loss in Los Angeles.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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The ratings agency maintained a neutral sector outlook.
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The pricing battle has been played out but the extent of new demand will only show up in 2026.
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The former EVP and head of annuity solutions will replace Schaefer upon retirement.
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Defendants can service clients who signed BOR letters as of December 29.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Verisk entered the agreement to purchase the SaaS platform in July this year.
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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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In a state prone to SCS, wind, floods and freezes, carriers are still fighting for market share.
