January 22, 2025
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He will be replacing Joe Vierling, who retired at the end of 2025. -
The carrier confirmed that its corporate cat treaty retention decreased to $3bn this year from $4bn in 2025.
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The market expects a lower proportion of restoration by utilities than after 2018’s Camp Fire.
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The MGA can offer AI liability limits up to $8.5mn for US companies.
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The company will also split operations into US and international divisions.
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Travelers grew NWP by 1% in Q4 as BI rose 2%, specialty increased 4% and personal lines was unchanged.
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Last year was the ninth-largest loss year for the country on record.
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The year featured the fewest multi-billion-dollar insured loss events since 2019.
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The deal follows Alacrity’s sale last year to a group of its private lenders.
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The parties will likely consider settlement talk formats after discovery.
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The ideal collateralized platform must constantly revise capital needs over the long tail.
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The move comes after the sale of Dual’s crisis management division.
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The storm is expected to bring freezing rain and heavy snow across a wide swath of the US.
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The company made the appointments in its middle and large business division.
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Over 30 years after the Northridge earthquake, quakes have fallen out of market discussions.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Increased vegetation could spell trouble in the future.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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The executive’s departure comes amid a wave of cyber reshuffling in the industry.
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Reserves will join rate softening, margin pressure, as key topics in Q4 discussions.
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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh.
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It is understood that the MGA will use AI to try to identify claims patterns and litigation outcomes.
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While buyers enjoy favorable market conditions, increased costs from tariffs could spell trouble in 2026.
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The executive was previously head of casualty at the AIG subsidiary.
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The unit will be part of ICW Specialty, which launched in June 2025.
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This program is designed to provide insurance for small contractors.
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Casualty and auto loss costs continue to rise due to inflation as we head into 2026.
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The MGA’s property team buildout was led by Clif Hope, former Lexington head of property.
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Sources said they expected FM to keep around $2bn of the maximum line net.
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Insurance has been an increasingly salient issue among politicians in the state.
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The executive worked at Price Forbes in various positions, including aviation director and LatAm CEO.
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The company’s policy count has been declining rapidly in recent months.
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FM announced a new super-sized $5bn data center line as it grows book value $3bn-$4bn a year.
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The multi-line program seeks to support investors, developers and operators involved in the AI boom.
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The medical care index increased 3.5% over the past 12 months.
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