Articles

Insurance

AIG leverages Lexington E&S tool chest to beat rise in loss cost trend

E&S offers rate plus ‘a lot of interesting t&c’ to put exposures on pace with inflation.   10 August 2022

Insurance

AIG will remedy HNW woes with alt-capital in non-admitted markets

High-net-worth cover pinched by regulators, cat aggregations & skyrocketing reinsurance.   10 August 2022

Insurance

Mitsui Sumitomo seals $400m deal to buy Transverse for US expansion

The move signals MSI’s growing interest in the US MGA market.   10 August 2022

Insurance

Hudson nabs WTW cyber leader to enhance market position

The hire has 15 years of cyber and professional liability underwriting and broking experience.   10 August 2022

Insurance

Lemonade trims nearly 1/3 of quota share reinsurance cession since launch

Recent M&A target Metromile sports half the coverage; policies for integration in 2023.   9 August 2022

Insurance

Lemonade slows growth to avoid squeezing markets for fresh funds

Insurtech ups profit target in peak loss period even while adding in loss-making Metromile.   9 August 2022

Insurance

CNA signs agency deal with broker network Movo

CNA to join a panel of capacity providers including AXA, Zurich, Hiscox, and AIG.   9 August 2022

Insurance

AIG leans on commercial & reserve releases for Q2 underwriting gain

$200m in reserve releases help hack 5.1 pps from combined ratio to 15-year low.   9 August 2022

Insurance

CRC Group expands capabilities with latest acquisition

It has acquired a large employee benefits general agency in the US.   8 August 2022

Insurance

Warren Buffett’s Berkshire hit by whopping $44bn loss on market headwinds

The conglomerate suffered a $53bn loss on its investments in the second quarter.   8 August 2022

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