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Quality underwriting is key for riding out the P&C cycle: Aegis’ Powell
The CEO said smart-follow is a structural evolution of the specialty market.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier said market dynamics remained robust, with overall pricing healthy.
Marsh is also suing a second tier of former Florida leaders.
The broker’s hiring to date has focused on the specialty segment.
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M&A Deal Update: Dealmaking bonanza continues in October
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Analysis
The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
Starr’s reinsurance ambitions and embrace of Lloyd’s will be watched closely.
Brokers may encourage clients to capitalise on falling rates by boosting coverage.
Private capital providers are being signed down as two strong years have piqued interest.
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Regulators do too little to distinguish between generalists and specialists, he said.
CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
The syndicate says it will not set any top-line targets on digital follow strategies.
The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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