The sample size may not have been large, but the handful of results filings from US carriers and brokers last week provided further evidence that the commercial insurance market is beginning to see upward - albeit moderate - movement on rates.
BP Marsh-backed start-up XPT Group has closed its second deal with an investment in trucking specialist W E Love & Associates, The Insurance Insider can reveal.
Expansive US MGA Paragon Insurance Holdings has secured backing for further growth with an investment from retail broker Edgewood Partners Insurance Center (Epic) and its private equity backer Oak Hill Capital Partners.
If Aspen was already seen as a likely candidate for a potential takeover, then its fourth quarter profits warning yesterday will only have reinforced that view.
US managing general underwriter platform Risksmith Insurance Services is set to enter the inland marine and real estate segments after hiring Chadd Folkes from Sompo International, The Insurance Insider can reveal.
