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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US. -
The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The company named two execs to head global wholesale and commercial.
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Market sources have also raised the prospect of moving the market beyond bureau reliance.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The parties now have 60 days to file a stipulation to dismiss the action.
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Nearly one-third of 2025’s talent movement was recorded in Q3.
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Pricing in the D&O market is starting to flatten after several years of steep decreases.
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Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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The London carrier has explored how businesses are navigating an era of accelerating risk.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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Colette Buckley joins Steven Ridgers, who became Axis head of erection all risks in October.
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The LMA, FCA and Liiba welcomed the direction of travel but said progress is slow.
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The executive co-led the US financial institutions business at BHSI.
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BNP Paribas will take a EUR1.11bn stake in Ageas.
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The mechanism would work similarly to Flood Re.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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Fears relating to an economic downturn continue to dominate concerns.
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Next year will mark five consecutive years of insolvency increases.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Data points to growth in surrogacy and IVF support across the industry.
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The chief of market performance urged underwriters not to follow the herd.
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The broker said the A$45-per-share price discussed valued the firm appropriately.
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The underwriter worked for Nexus for over four years.
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Jaymin Patel joined Berkley Specialty London in 2021 as senior engineering underwriter.
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The carrier booked GWP growth of 6% for the first nine months of 2025.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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The underwriter will fill a newly created role at AIG.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The industry veteran retired from AIG at the end of last year.
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The peril has been historically difficult to model compared to others.
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Habayeb will start next May following Kociancic's retirement.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Chris Lay will retire from the business in Q1 2026.
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The improved combined ratio was driven by lower losses and expenses.
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The international segment’s net written premium contracted 5%.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the downgrade.
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The facility is led by Beazley’s Smart Tracker.
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Executives also agreed that facilitisation is a structural market change.
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The syndicate aims to write £80mn of programme business in 2026.
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A motion by defendants to dismiss the case was also denied.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
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Panellists agreed a soft market should not dampen product development.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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The MGA began offering US commercial E&S property products in December.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The Aspen exec highlighted the London market’s long-standing reputation for innovation.
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The executive said the market will be revolutionised by digital technology.
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Patrick Tiernan was addressing 400+ delegates at the London Market Conference.
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The carrier now expects to deliver full-year operating profit of ~£2.2bn.
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The newly established wholesaler is building out its staff base.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The underwriter departed Allianz earlier this year.
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The broker has started hiring in London, taking Tysers D&O specialist Dan Lovett.
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James Kelly joins from Besso, having held senior positions at JLT, Lockton and Gallagher.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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The consortium will target excess layers, providing $250mn of capacity.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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The CEO said smart-follow is a structural evolution of the specialty market.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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Marsh is also suing a second tier of former Florida leaders.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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APAC now represents roughly 15% of all Lloyd’s premium.
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Widespread underinsurance and low exposures will limit losses.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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Both the primary and reinsurance segments benefitted from a light cat year.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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Many commercial risks will have London coverage, but insured values are relatively low.
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The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.
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The company reported no cat losses but saw a jump in attritional losses.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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The broker will join Ron Borys’ financial lines team.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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In insurance, premium growth came from all lines of business except cyber.
