News

Insurance

Troubled insurtech unicorn formerly backed by Hollywood actor exits key market

The company has cut back its underwriting and some of its top leadership in a turnaround effort.   2 August 2024

Insurance

AIG and Ryan Specialty strike excess & surplus lines deal

Peter Zaffino said the deal is a major milestone for AIG and its MGU Private Client Select.   26 July 2024

Insurance

AssuredPartners buys Lloyd’s broker to expand E&S capabilities

It specialises in excess and surplus lines business originating from MGAs and brokers based in North America.   17 July 2024

Insurance

Commercial rates remain volatile; most Q2 gains at cycle highs: Ivans

Umbrella is a rising line to watch after May spike; commercial property returns in June.   26 July 2024

Reinsurance

SCOR hit with fresh ratings blow as AM Best signals trouble and places on watch

It follows an unheralded mass of new reserves in life & health.   25 July 2024

Insurance

Beazley likely held cyber hit on IT outage below $120m: Berenberg

Beazley has the needed sub-limits, waiting periods and distance to affected sectors.   24 July 2024

Insurance

Monarch E&S expands capabilities with acquisition of wholesale broker

The acquired firm specialises in contract binding, mining industry & coastal property placements.   15 July 2024

Insurance

Beazley claims 2024 financial targets safe from Crowdstrike IT outage

FY2024 plans for a low-80's undiscounted combined ratio remain firmly in place.   23 July 2024

Insurance

S&P lifts Fidelis outlook to positive on improved risk profile

The agency says Fidelis is outperforming most of its higher rates peers.   12 July 2024

Insurance

E&S start-up Tara Hill attracts industry veteran with Argo/Chubb/AIG pedigree

It has also lured a senior underwriter from Berkley Pro.   12 July 2024

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