Ryan Specialty targets more M&A in 2024
Agents and Brokers, Excess and Surplus Lines, Financial Results, Mergers and Acquisitions
BI claims the likely focus of insured losses from Microsoft IT outage, say analysts
Following today’s Microsoft Cloud outage, analysts currently expect business interruption claims to drive the bulk of insurance industry losses, and question whether this could be the litmus test for cyber underwriters, notably UK headquartered, specialist insurer Beazley.
Most commercial lines see rate increases accelerate in Q2 renewals
Auto liability, P/C Insurers, P/C Pricing, Workers Comp Pricing
No consensus on need for federal coronavirus backstop
Agents and Brokers, Catastrophes, Coronavirus, Emerging Risks, P/C Insurers
Scottsdale prevails in litigation filed by building owner
Claims Disputes, Construction, Coverage Disputes, P/C Insurers, Property
Rokstone announces launch of new US Sports & Leisure Casualty division
Rokstone, an international specialty (re)insurance MGA within the Aventum Group, has announced the launch of its new Sports & Leisure Casualty division in the United States.
Climate X announces partnership with Fathom to strengthen global flood risk insights
Fathom, a specialist in flood risk modelling, has announced a partnership with Climate X, a provider of climate resilience analytics.
IRB (Re) net income increases 50% in Q1’25 despite 13.34% written premiums decrease
Brazilian reinsurer IRB (Re) has announced its financial results for the first quarter of 2025, reporting net income increase of 50%, to R$118.6m (approximately US$20.89m), despite a 13.34% decrease in total written premiums, which stood at R$1,247.9m (approximately US$219.97m).
Marsh & McLennan fourth-quarter revenue rises on JLT buy
Agents and Brokers, Financial Results, P/C Insurers, Reinsurance Marsh & McLennan
Transatlantic Underwriters expands into P&C with new division and leadership appointment
Transatlantic Underwriters (TAU), a specialty insurance firm known for its focus on the transportation sector, is expanding its services with the introduction of a Property & Casualty (P&C) division.