-
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.
-
-
On a discounted basis, Brit's combined ratio deteriorated by 2.1 points to 72.7%.
-
The broker had been vying with Marsh McLennan and AJ Gallagher.
-
Alex Nicoll joined Sedgwick in January as UK head of media and entertainment.
-
The carrier also appointed Pugi head of Bermuda excess casualty.
-
-
A rundown of the main stories of the week.
-
-
The primary casualty book was down by “some 26-odd percent from the prior year”.
-
In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
-
M&A activity between 2012 and 2022 garnered long-term returns essentially equal to the relevant market index.
-
The CEO said the carrier had identified several areas in its portfolio as having room to grow.
-
A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations.
-
He replaces Paul Messer, who moves to a group role.
-
The carrier shifted away from quota share in a bid to control cat volatility.
-
Digital Follow will be launched in the second half of the year.
-
-
-
AI-centred InsurTechs in Q1 accounted for 28% of all deals in the Global InsurTech report.
-
The carrier said it remains on track to hit a mid-80s combined ratio at the end of FY 2024.
-
The carrier said rating in the London market came in ahead of expectations.
-
The GWP gain was driven by an 11.2% increase in the insurance top line and 11.8% in reinsurance.