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The executive said the firm has grown its casualty business by 80% from 2022. -
Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier anticipates a “favourable” retro renewal at 1.1.
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The Marsh-placed account renews its all-risks cover on 16 November.
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The CEO said smart-follow is a structural evolution of the specialty market.
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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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A roundup of all the news you need, including fatal UPS cargo crash.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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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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The broker’s hiring to date has focused on the specialty segment.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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A roundup of all the news you need, including Conduit Re's CUO appointment.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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The federation, FASE, aims to connect all participants to provide a voice for European MGAs.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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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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A roundup of all the news you need, including analyst reactions to Scor’s Q3 results.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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Both the primary and reinsurance segments benefitted from a light cat year.
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The Bermuda carrier brought a winding-up petition earlier in October.
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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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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The energy broker’s career also includes a stint at Price Forbes.
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Regulators do too little to distinguish between generalists and specialists, he said.
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A roundup of all the news you need, including our Carbon scoop.
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The Spanish (re)insurer reported a group net profit of EUR829mn.
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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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Prices were 37.4p per £1 of capacity, according to Argenta.
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The broker grew earnings per share by 12.1% during the quarter.
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Plus, the latest people moves and all the top news of the week.
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The syndicate is expected to write ~$300mn of business in 2026.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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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 is monitoring whether the economic environment will limit discretionary spending.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The insurer paid tribute to the executive’s lasting contributions to the firm.
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The fundraising structure for the deal includes a $600mn Convex debt raise.
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The broker will join Ron Borys’ financial lines team.
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The broker has more than 20 years’ experience in the energy market.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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A roundup of all the news you need, including the Convex-Onex deal.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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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.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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A roundup of all the news you need, including the purchase price for the AIG-Everest deal.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The MGU’s second syndicate launch was delayed from January 2025.
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Matthew Hogg joined Liberty Specialty Markets in 2010.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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A roundup of all the news you need, including Jason Keen's promotion at Everest.
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Under the terms of the offer, shareholders would receive A$45 for each AUB share.
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Jason Keen joined Everest in 2022 as head of international.
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Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The carrier is consolidating its venture capital activity into asset manager MEAG.
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This publication revealed the move earlier this year.
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The Australian broker, which owns Tysers, announced a trading pause.
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The move comes as Michael Creighton is made credit and political-risk director for Africa.
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A roundup of all the news you need, including the latest on Hurricane Melissa.
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The storm could bring flooding to Jamaica, Cuba and Haiti.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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The London MGA is considering various options, including a minority investor.
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The carrier recently expanded its reinsurance product suite in Bermuda.
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A roundup of all the news you need, including our analysis of the recent AWS outage.
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The number of syndicates traded at auction was the highest for a decade.
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Plus, the latest people moves and all the top news of the week.
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A canvassing of the cyber market suggests the impact will be negligible.
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The range allows “for information that could emerge beyond what is known today”.
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The appointments are aimed at offering a clearer team structure.
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Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
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The EUR100mn+ Ebitda firm is courting both PE and trade suitors.
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