News

Insurance

LA wildfires threaten insurers’ budgets as losses mount to historic highs

Insured losses could hit up to $20bn, early estimates reveal.   10 January 2025

Insurance

Ryan Specialty to acquire cat MGA Velocity Risk for $525m, excluding E&S carrier

Commercial property insurer FM to acquire E&S carrier Velocity Specialty Insurance.   8 January 2025

Reinsurance

Everest CEO Andrade leaves to head USAA

The re/insurer will be led by acting CEO Jim Williamson.   9 January 2025

Insurance

Aon joins forces with Moody’s to streamline credit risk management

The global referral agreement will initially roll out in Europe, with plans for expansion.   8 January 2025

Insurance

US commercial insurance rates slow in 2024; property eases, liability increases

MarketScout warns intermediaries to prepare for an eventual market shift.   7 January 2025

Reinsurance

BF&M, Argus merger creates Bermuda’s largest domestic insurer

The merger of BF&M and Argus Group has been completed.   7 January 2025

Insurance

iprism lands new multi-year capacity deal with Zurich

The deal is projected to yield up to $37.5m in gross written premium.   7 January 2025

Insurance

Ardonagh Group subsidiary takes major stake in New Zealand firm

The acquired underwriting agency places over $280m in GWP.   6 January 2025

Reinsurance

Brown & Brown’s Nexus snaps up Dubai specialty MGA

The deal marks Nexus’ first MGA acquisition since it was acquired by Brown & Brown.   6 January 2025

Insurance

Amwins supercharges binding authority with US MGA acquisition

The acquisition is expected to boost its offerings for small to mid-market accounts.   3 January 2025

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