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Zurich News from Insurance Insider US
Fears relating to an economic downturn continue to dominate concerns.
The fashion brand says the insurer failed to defend it in multiple lawsuits.
The reshuffle is likely laying the foundations for the eventual succession to CEO Mario Greco.
The MGA secured a “significant strategic investment” from Zurich earlier this year.
The executive previously spent more than 16 years at The Hartford.
The $20bn+ TIV data center is seen as the leading edge of significant new demand.
The insurance industry’s lower reliance on foreign skilled workers softens the blow.
The company also encouraged insurers and brokers to support the initiative.
The cyber business will continue to operate as a standalone entity.
Kirsh was involved in launching an industrywide “legal system abuse coalition”, which now has 350 participants.
US national accounts head Paul Lavelle will retire as of June 1.
He was most recently middle market casualty leader and EVP at Chubb.
The take-up rate will depend on the price discount and market segment.
The facility is a nudge towards a structural change, not a full-out assault.
Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
The facility provides up to $100mn in claims-made excess casualty coverage.
The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
The insurer claims Jessica Balsam still holds Zurich confidential information.
The division is seeking to place underwriters in regions across the US.
Also, John Diaz will lead a customer and distribution management function.
The sale of the business was confirmed in June.
GWP declined to $11.1bn from $11.3bn in the US and to $484mn from $527mn in the rest of the region.
He succeeds Rob Clark, who was appointed global broker account lead.
This publication reported yesterday that the two carriers were nearing a deal.
The disposal is the latest milestone in AIG’s work to reposition itself as a commercial lines insurer.
Competitor news
What Your Competitors are Reading
Competitor news
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The insurer says defendants billed “exorbitant” fees for non-existent services. -
Light cat losses at year-end portend capital deployment and return decisions in 2026.
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The investor offloaded nearly 100,000 Allstate shares in Q3, according to its latest 13-F.
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The executive joined the company from Zurich last year.
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The executive said inflation isn’t completely gone but is now “more understood”.
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Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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Cat losses in Q3 were light as peak hurricane season passes without incident.
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Early Q3 earnings reports point to worsening market conditions.
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The selloff may hint at headwinds for equity investors.
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The insurer booked a $950mn policyholder credit expense in September.
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Activists from the left and the right are focusing on insurance, often on the same issues.
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The carrier has been exploring launching into P&C organically or via acquisition.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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How do you harmonise distribution strategies in a rapidly evolving marketplace?
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In Partnership with AXISMichael McKenna, Head of North America Specialty Insurance, AXIS, outlines the key trends shaping the industry as 2025 comes to a close and underscores that talent acquisition and rapid technology integration will be critical for specialty insurance in 2026.
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In Partnership with AXISLooking ahead to 2026, Michael Silas, Head of Global Credit, AXIS, sees mildly positive global growth driven by tech and infrastructure, but says credit sentiment remains cautious and reinsurers must still price to long‑term tail risk.
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From Insurance Insider
Insider Outlook: Year in Review
From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months.
In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
From Insurance Insider US
Commercial lines rate increases slow to 3.8%: WTW
The figure is down from 5.9% in Q2 2024.
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LIVE from Monte: Mereo CEO Croom-Johnson
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Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
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LIVE from Monte: Paul Campbell, Global Growth Officer for Aon’s strategy & technology group
Paul Campbell details how the most profitable insurers act during a soft versus hard market.
From Insurance Insider US
Brown & Brown appoints Hearn to lead global operations
The executive has been serving as COO since February.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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