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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The industry vertical is bucking a trend in the cyber market overall, which remains soft.
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The year featured the fewest multi-billion-dollar insured loss events since 2019.
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The temporary deal would remain in effect through a trial on the merits.
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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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Trevor Gallagher has been appointed COO of the unit.
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The move comes after the sale of Dual’s crisis management division.
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The company made the appointments in its middle and large business division.
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SCS insured losses accounted for 48% of all global losses last year.
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Over 30 years after the Northridge earthquake, quakes have fallen out of market discussions.
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The CEO said Beazley would retain its brand and management and gain $9bn of premium.
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The insurer will be a cornerstone investor in the manager’s new PE platform.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It is understood that Salcedo will join Aon as P&C treaty head for Colombia and Ecuador.
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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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Guy Carp has been rebuilding its marine and energy team after a major Willis Re team lift.
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The MGA is looking to drive its commercial strategy across the globe.
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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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Sources said Jefferies and RBC have been retained to advise on the sale process.
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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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Patent and copyright infringement were the top AI-related legal claims.
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This program is designed to provide insurance for small contractors.
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