North America
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The UK-based insurer’s Florida Re secured state regulatory approval in June. -
An insurability crisis could pose systemic risks that undermine the foundations of finance.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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The June 2024 ransomware attack produced claims across many firms.
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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 Marsh-placed account renews its all-risks cover on 16 November.
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Lack of major cat events could add further pressure on 1 January pricing.
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Marsh is also suing a second tier of former Florida leaders.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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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.
