companies
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The insurance arm’s CoR declined 4 points to 89.3% on lower cat losses.
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The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
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The carrier reported adverse development in run-off and a decreased investment result.
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The appointment is part of Axa XL's plans for a more client-centric approach.
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AJ Gallagher had also shown an interest in acquiring the Australian retailer.
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AIG sees improvement from tightened underwriting, though value creation has yet to catch up.
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President Tim Turner noted two pricing trends: property “stabilization” and casualty “acceleration”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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US SCS insured losses YTD already stood at around $12bn prior to these events.
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The action comes in addition to a $55mn unfavorable development in GL in Q4 2023.
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Roche said the company's deliberate efforts to limit exposure in the Midwest offset loss trends.
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The specialty insurer reported 27.2% Q1 top-line growth and a lower CoR of 89.6%.
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The exits represent less than 2% of the company’s insurance segment operations annually.
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The primary casualty book was down by “some 26-odd percent from the prior year”.
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The carrier reported an E&S property slowdown but “massive” submission activity in casualty.
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In April, this publication revealed that the carrier is the lead market on the property placement for the bridge.
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The Insurance Insider US news team runs you through the earnings results for the day.
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North America commercial lines' adjusted NWP grew 4% YoY on higher rates and new business.
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This was Gallagher’s largest Q1 deal, followed by $66.6mn for Ericson Insurance.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
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Former NTUM president Justin Joyce will lead the ANTU binding unit.
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The ratings agency flagged the “increasingly favourable” underwriting results.
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The Insurance Insider US news team runs you through the earnings results for the day.
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There was no material development on long-tail casualty lines across all years, he said.
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The new suite of coverages is designed to meet the unique needs of healthcare organizations.
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The company plans to grow exposure for June 1 and July 1 renewals.
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Michael Smith is a former mortgage broker.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The first event tower exhausts at $1.1bn for the Northeast, $1.3bn for the Southeast and $750mn in Hawaii.
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Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
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Overall economic losses hit $45bn in the first quarter of 2024.
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The executive is replacing Chad Cundliffe, who is retiring from the company.
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deLaricheliere will report to WTW head of FIPS Brad Messinger.
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The 100% equity award will vest in full after five years.
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Avoiding an antitrust fight aids execution, but creates uncomfortable optics around the multiple paid.
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The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
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This was offset by a $108mn reserve charge for years 2021 and prior.
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The carrier has completed its 2024-25 reinsurance renewal.
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The carrier is also targeting E&S growth in property brokerage and global specialty.
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The broker’s opening price on Friday was $272.10 per share, versus Thursday’s closing price of $306.
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The broker announced yesterday it had completed its $13bn acquisition of NFP.
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Gallagher expects "little impact" from the FTC’s non-compete ban on the firm’s M&A strategy.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Aon will provide further updates on NFP and deal financials, on its earnings call tomorrow.
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The executive had opened the Aon Property Symposium in January.