-
The Insurance Insider US news team runs you through the past week’s key M&A deals.
-
The business consists of the workers’ compensation book and auto casualty bill review solutions.
-
The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
-
The carrier reported adverse development in run-off and a decreased investment result.
-
The appointment is part of Axa XL's plans for a more client-centric approach.
-
-
AJ Gallagher had also shown an interest in acquiring the Australian retailer.
-
A quick roundup of this week’s biggest stories.
-
The carrier also appointed Pugi head of Bermuda excess casualty.
-
President Tim Turner noted two pricing trends: property “stabilization” and casualty “acceleration”.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
US SCS insured losses YTD already stood at around $12bn prior to these events.
-
The action comes in addition to a $55mn unfavorable development in GL in Q4 2023.
-
Roche said the company's deliberate efforts to limit exposure in the Midwest offset loss trends.
-
The specialty insurer reported 27.2% Q1 top-line growth and a lower CoR of 89.6%.
-
The exits represent less than 2% of the company’s insurance segment operations annually.
-
Sources said Federer will assume the executive director role at Atlantic later this month.
-
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.
-
In April, this publication revealed that the carrier is the lead market on the property placement for the bridge.
-
As the industry gathers in San Diego, these are the key discussion points.
-
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 company says its insurance policies “include significant property and inventory coverage”.
-
Former NTUM president Justin Joyce will lead the ANTU binding unit.
-
Other executive hires include AIG’s Joseph Fitzpatrick as head of distribution.
-
The pair join from Validus Re and Axa XL.
-
The ratings agency flagged the “increasingly favourable” underwriting results.
-
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.
-
The executive joined the firm in January from Nationwide.
-
Rooker joined the Texas brokerage in 1999, while Schramm joins from CNA.
-
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 raised $7mn in a Series A in January 2021.
-
Global attacks hit a record high in 2023 and show no sign of slowing in 2024.
-
The company plans to grow exposure for June 1 and July 1 renewals.
-
Approximately 1.2 million units are vacant throughout the state.
-
Michael Smith is a former mortgage broker.
-
The policy offering expands third-party liability coverage and wage and hour liability.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
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.
-
Flash floods moved into Texas overnight and into the lower Mississippi Valley Monday.
-
Heron has over 25 years of brokerage experience, mostly in real estate roles.
-
The executive is replacing Chad Cundliffe, who is retiring from the company.
-
deLaricheliere will report to WTW head of FIPS Brad Messinger.
-
She most recently served as USAA’s automobile and international product line leader.
-
The executive brings more than three decades of experience to the role.
-
The market has advanced in sophistication but must tackle talent, tax and diversification issues.
-
The 100% equity award will vest in full after five years.
-
The Insurance Insider US news team runs you through the past week’s key M&A deals.