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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
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Earlier this week, The Baldwin Group said it will merge with CAC Group in a deal valued at $1.026bn.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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NY lawmakers are preparing a legislative package to address insurance costs in the Empire State.
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The executive said maintaining capacity is the main challenge in a soft market.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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The insurer says defendants billed “exorbitant” fees for non-existent services.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
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The transaction is expected to close early in the first quarter of 2026.
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The company had argued the judge missed key info when dismissing the case.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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The hire advances Howden’s growth push in the US.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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The deal is slated to close in the first quarter of 2026.
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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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A favorable nine months for the industry does not solve its underlying problems.
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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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The executive was most recently head of US casualty at Aon.
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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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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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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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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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The carrier said it anticipates a better market due to recent reforms.
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Light cat losses at year-end portend capital deployment and return decisions in 2026.
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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.
