January 22, 2025
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The MGA can offer AI liability limits up to $8.5mn for US companies. -
The ideal collateralized platform must constantly revise capital needs over the long tail.
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The company made the appointments in its middle and large business division.
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While buyers enjoy favorable market conditions, increased costs from tariffs could spell trouble in 2026.
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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 medical care index increased 3.5% over the past 12 months.
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eMaxx Reciprocal Insurance Exchange will write commercial P&C as an insurer and reinsurer.
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The specialist insurer, meanwhile, expects growth opportunities in homeowners’ this year.
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The carrier will offer $10mn per risk, targeting large corporations.
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Matthew Stitham replaces Donnacha Smyth, who was promoted to global CUO, casualty.
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2024 was the sixth consecutive year when the liability inflation index surpassed economic inflation.
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The market is now approaching something that “looks like equilibrium”.
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One avenue for capital freed up by a softer-than-expected renewal could be more M&A.
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California and Florida were up significantly, but premium growth slowed in Texas.
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The first round of 2026 renewals was largely favorable for buyers.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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A district court judge had dismissed the case in September, with prejudice.
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Attorneys and doctors targeted by the case claim Uber has no standing to bring a Rico suit.
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The carrier combined its E&S primary and excess casualty units into a single group.
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The company announced four internal promotions this week.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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