Gallagher buys Minneapolis-based broker
Agents and Brokers, Mergers and Acquisitions Arthur J. Gallagher & Co.
Marsh introduces global alternative risk practice
Agents and Brokers, Alternative Risk Transfer/Captives, Excess and Surplus Lines, Insurance-linked Securities, Reinsurance Guy Carpenter & Co., Marsh & McLennan
PitchBook: AI disruption rises, VC optimism cools in H1 2025
The latest PitchBook survey finds that venture capital investors are making “strategic adjustments as they navigate geopolitical uncertainty and technological transition.”
Risk managers confront dilemmas when brokers depart
Agents and Brokers, Employment Practices, Mergers and Acquisitions, Risk Management
Global reinsurance capital up 7% to $607bn in 2024: Guy Carpenter, AM Best
Data from Guy Carpenter, the reinsurance broking arm of Marsh McLennan, and ratings agency AM Best, shows that global reinsurer capital has grown by approximately 7% year-on-year, rising from $568 billion in 2023 to a projected $607 billion in 2024, with growth in both traditional and alternative capital.
Sompo Intl. bolsters European presence by naming Talegón Head of Marine, Iberia
Sompo International, a global provider of commercial and consumer property and casualty re/insurance, has appointed Elena Talegón as Head of Marine Insurance for Iberia.
Insurers to pay out nearly £500m on Storms Dudley, Eunice & Franklin: ABI
Recent figures released from the Association of British Insurers (ABI) show that the damage caused by Storms Dudley, Eunice and Frankin, that hit much of the UK during February 2022, is expected to lead to insurers paying out nearly £500m in dealing with 177,000 insurance claims.
Roosevelt Road Specialty and Neural Earth partner to advance property underwriting with AI
Roosevelt Road Specialty, a Managing General Underwriter (MGU) that provides customised insurance solutions, has entered into a strategic partnership with Neural Earth Inc., a technology company specialising in artificial intelligence–driven geospatial risk analytics.
Rising weather losses and labour shortages strain UK insurers: Gallagher Bassett
Increasingly frequent catastrophic weather events, seasonal surges, and a tightening skilled labour market have led UK insurers to struggle in responding nimbly to rising claims volumes, according to Gallagher Bassett’s latest analysis.
