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.
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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 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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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 broker will join Ron Borys’ financial lines team.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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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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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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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
