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US insurance M&A picks up moderately in 2023; brokers still dominate
Insurance
US insurance M&A picks up moderately in 2023; brokers still dominate
BroadStreet Partners, Risk Strategies and Hub International combine for 1/4 of all deals.   20 June 2023
Fidelis eyes $88m take on pending IPO; existing shareholders may hit $200m
Insurance
Fidelis eyes $88m take on pending IPO; existing shareholders may hit $200m
Fidelis, caps possible take, but vows to push fresh funds onto hard market and ‘write more business.’   20 June 2023
Everest plucks AXA XL country chief to lead Canadian operations
Insurance
Everest plucks AXA XL country chief to lead Canadian operations
The new Canada CEO also has a pedigree from Liberty International Underwriters and Chubb.   20 June 2023
Insurance
Tropical storm Bret eyes hurricane status on westward march
A much-watched system follows behind with strong chances of becoming storm Cindy.   20 June 2023
Insurance
80% of underwriters worry AI will reshape roles
That was according to Intelligent Insurer’s Big Underwriting Survey 2023.   19 June 2023
Insurance
US cat streak rolls on: Allstate’s Q2 hit now up 2.4x y/y
The Allstate Q2 cat totals shouldn’t be frequency: storm counts are mercifully down.   16 June 2023
Insurance
US P&C renewal premiums accelerating Q2 on broad price gains: Gallagher
Gallagher is impressed with market strength enough to hike forecasts from only 7 weeks ago.   16 June 2023
Insurance
AI-powered climate risk insurtech Reask nabs $6.5m funding for expansion
The start-up seeks to expand its extreme weather modelling and hazard coverage to the US.   16 June 2023
Insurance
KCC pegs over $1bn insured losses from Texas hailstorm
Earlier in June, parts of Texas reported record-breaking size hailstones.   16 June 2023
Insurance
US P&C insurers swung to major Q1 loss on nat cat plus fresh reserving
Inflation-pinched homeowners were blamed for leading a 7.7 point rise in loss ratios.   15 June 2023

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