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The Marsh-placed account renews its all-risks cover on 16 November. -
Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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Underwriting income for North America quadrupled to $384mn, and the segment recorded a CoR of 82.6%.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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Marsh is also suing a second tier of former Florida leaders.
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This publication exclusively reported the executive’s plans last month.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Casualty rates in Q3 rose 6.1% driven by increases in commercial auto, energy and excess liability.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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The insurer reached highs of over 1.4 million policies in September 2023.
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HNW family offices are now among investors considering the US MGA segment.
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Fears of the oncoming soft market are causing a sector rotation away from P&C.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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Widespread underinsurance and low exposures will limit losses.
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Both the primary and reinsurance segments benefitted from a light cat year.
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It is understood that Sutton National is the fronting carrier sitting behind the facility.
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The Bermuda carrier brought a winding-up petition earlier in October.
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The acquisition will expand PHLY’s presence in the niche market.
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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 executive will fill the role previously held by Howden’s Figliozzi.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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The search for a CFO had been underway since last July.
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Many commercial risks will have London coverage, but insured values are relatively low.
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CEO Greg Case said data center demand could generate over $10bn in new premium volume in 2026.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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Dairy and livestock products within the agricultural unit were main growth drivers in Q3.
