Articles

Insurance

Broker Aon could close purchase of NFP in days, well ahead of target

Aon had justified the move on the need to muscle in on mid-market, at no cost to brokers.   22 April 2024

Insurance

AIG sees departure of general insurance chair in speeded retirement

Group CEO Peter Zaffino credits the former Lexington CEO with major role in AIG recovery.   22 April 2024

Insurance

Travelers still won’t touch Florida, sees further reform needs

Tort reform helped, but mandatory cat costs for admitted players skews the field.   22 April 2024

Insurance

Energy sector drawing strong insurer capacity to stabilize market: WTW

But insurers are turning ever more savvy, creating a gulf between the best and the rest.   19 April 2024

Alternative Risk Transfer

American Coastal returns to cat bonds after 10-year break, places $200m

The carrier worked via Armor Re, marshalled for issuance of the United Insurance group.   19 April 2024

Insurance

AXIS Capital nabs talent from Argo Pro to lead its E&O offer in the US

The 35-year Pro-Fin vet brings pedigrees from Western World, Travelers, TM HCC, and USI.   19 April 2024

Insurance

Marsh won't go wholesale despite E&S heat; likes holding clients close

Marsh puts E&S-style deals to admitted solutions if possible, to niche wholesalers if not.   19 April 2024

Reinsurance

Reinsurers show enough cat appetite to clear mid-year Florida renewals

Cedant demand is pushing up the tops of towers, matching reinsurer appetite: GuyCarp.   19 April 2024

Insurance

Allstate Q1 nat cat tally tames to $731m versus prior year slaughter

March rose to $328m, chiefly on a single hail event; no mention of convective storm.   18 April 2024

Insurance

Cyber insurance can’t hold its margin amid capacity surge, Fitch says

Current margin looks ‘unsustainable’ as market competition ‘intensifies.’   18 April 2024

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