-
Across three offerings, Victor increased coverage maximums by $33mn.
-
Along with D&F, Fidelis is looking to grow in marine construction and aviation.
-
The company plans to reduce its quota share to 20% from 40%.
-
These cedants could offer the firm access to support their casualty and specialty lines as well.
-
Casualty is less of a concern, despite reserving issues.
-
The bridge disaster added 6.3pts points to the company’s overall CoR in Q1.
-
Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The business has ~$200mn of Ebitda, pointing to a likely multi-billion enterprise value.
-
CEO Joseph Brown said only that GBLI has had ‘conversations’ with James River.
-
The vehicle will give the legacy carrier a US platform.
-
Reserving actions have added pressure to upward pricing.
-
Paragon co-CEOs James Kalbassi and Tara Falk will become Ardonagh shareholders.
-
The carrier is also seeing growth opportunities across the West.
-
Arkin Holdings and Launchbay Capital also participated as new investors.
-
The CEO said companies are still taking charges on years 2013 to 2019.
-
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Enstar recorded $280mn of other income in Q1 2023 related to Enhanzed Re.
-
Long-run loss cost trends in the US are at 6.5% as a result.
-
Craig Hanrahan joins as Northeastern region leader from Chubb.
-
Habitational, lessors’ risk and BOP accounts are among the most challenged.
-
AJ Gallagher had also shown an interest in acquiring the Australian retailer.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The specialty insurer reported 27.2% Q1 top-line growth and a lower CoR of 89.6%.
-
The primary casualty book was down by “some 26-odd percent from the prior year”.
-
The carrier reported an E&S property slowdown but “massive” submission activity in casualty.
-
AI-centered InsurTechs in Q1 accounted for 28% of all deals in the Global InsurTech report.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Business written in California, Florida, and Texas averaged a 22.7% YoY gain last month.
-
North America commercial lines' adjusted NWP grew 4% YoY on higher rates and new business.
-
This was Gallagher’s largest Q1 deal, followed by $66.6mn for Ericson Insurance.
-
The Bermudian has been reducing exposure in Florida for almost a decade.
-
This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Sources said the company has halted its Q2 listing and will reassess the market next year.
-
There was no material development on long-tail casualty lines across all years, he said.
-
The new suite of coverages is designed to meet the unique needs of healthcare organizations.
-
Verdicts awarding more than $100mn hit a new high of 27 last year, study finds.
-
The company plans to grow exposure for June 1 and July 1 renewals.
-
The first event tower exhausts at $1.1bn for the Northeast, $1.3bn for the Southeast and $750mn in Hawaii.
-
Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
-
The discussions come as the region has seen increased M&A activity in recent years.
-
Overall economic losses hit $45bn in the first quarter of 2024.
-
The market has advanced in sophistication but must tackle talent, tax and diversification issues.
-
The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
-
The carrier has completed its 2024-25 reinsurance renewal.
-
Aon’s CEO said the business was formerly “very underweight” in the middle market.