New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced its first tax credit insurance transaction, in partnership with the tax insurance broker at Alliant Insurance Services.
Agents and Brokers, Cyber Risks, P/C Insurers Marsh & McLennan
Agents and Brokers, Mergers and Acquisitions Aon, Arthur J. Gallagher & Co., AssuredPartners, Hub International, Marsh & McLennan
While climate change could drive reinsurance volume in the long-term, softening of the market is more important in the medium-term, Morningstar analysts have highlighted in a recent report.
Jon Kattman has been appointed Head of Inland Marine at Aspen Insurance, where he will lead the underwriting team, overseeing its strategy and risk management operations.
Catastrophes, P/C Insurers Middle East/Africa Munich Re
Agents and Brokers, Coverage Disputes, P/C Insurers
Peter Zaffino, Chairman and CEO of global insurer AIG, said the company is accelerating its deployment of generative artificial intelligence (Gen AI) to digest data more effectively and access a broader range of data points, helping underwriters make better-informed decisions, emphasising that speed drives growth.
Insurance brokerage, World Insurance Associates, has announced the acquisition of Exchange Underwriters, Inc., based in Washington County, Pennsylvania.
Agents and Brokers, Excess and Surplus Lines, Financial Results, Mergers and Acquisitions, P/C Insurers, Property Canada
US primary holding company Donegal Group posted a net loss of $8.2 million, compared to a net income of $16.2 million in the prior year quarter.
