US / Americas

Livingston re-emerges at Gallagher Re in vice chairman NA role

Jeff Livingston has joined Gallagher Re as vice chairman of its North America platform in what is effectively a return to a position he left four years ago to join Guy Carpenter.

WRB’s Admiral adds Ironshore’s Rosenthal as excess casualty VP

Admiral Insurance Group, a WR Berkley company providing wholesale-dedicated excess and surplus lines commercial insurance, has continued the build-out of its excess casualty department with the hire of Ben Rosenthal from Ironshore.

Risk Strategies hires Baldwin’s Panos as Chicago MD

Risk Strategies has hired Tom Panos as managing director of its Chicago office.

Reciprocals finding favour but not for everyone

With at least five reciprocal exchanges having launched this year, interest in the structures – especially in homeowners property – is at an all-time high, even as some observers question the model’s long-term success beyond major players such as USAA and Erie.

Atlantic storm lull ends as Francine forms

Tropical Storm Francine has been named as the sixth storm of the 2024 Atlantic hurricane season, with current forecasts suggesting a Category 1 Gulf Coast landfall later this week.

Reinsurer appetite and Citizens depop highlight FL sentiment shift

Halfway through the hurricane season it would be foolhardy to forecast consecutive years of stable reinsurance buying conditions in Florida, but renewed reinsurer appetite at 1 June and a strong Citizens depopulation pipeline are indicative of a healthier outlook for the state’s homeowners market.

NYC taxi insurer American Transit facing solvency crisis after $705mn H1 net loss

American Transit Insurance Company (ATIC), the largest insurer of New York City’s taxis and rideshare vehicles, is battling insolvency after large losses this year, with the company stating it is “working closely with industry participants towards a solution”.

NFP acquires habitational specialist Scott Litman Insurance Agency

Aon company NFP has acquired Scott Litman Insurance Agency, a property casualty insurance broker specialising in habitational risk located in Calabasas, California.

Zaffino: AIG “a huge catalyst” for market’s discipline

AIG is “a huge catalyst” for the current discipline in the insurance industry with reinsurers now regarding the firm as one of best underwriting companies around, Peter Zaffino has declared.

Mosher to stand down as AM Best Ratings Services CEO at year-end

Matthew Mosher has announced that he will leave his role as president and CEO of AM Best Rating Services at the end of the year “to explore other options”, following almost three decades with the rating agency.

Ex-Compre and Darag exec Iacovides launches legacy start-up Sophrosyne Partners

There is a new entrant in the legacy market after Eleni Iacovides launched Sophrosyne Partners, with the former Compre and Darag Group executive having secured capital backing from multi-family office Hundle & Partners to support the start-up.

Epic acquires Chicago-based Phillips Bros Insurance Agency

Epic Insurance Brokers & Consultants has strengthened its presence in the Midwest with the acquisition of Chicago-based Phillips Bros Insurance Agency.

Chubb adds QBE’s Giardiello as global controller

Chubb has appointed former QBE deputy finance chief operating officer Greg Giardiello as global controller.

Lockton names Korzon successor to Ryan as Northeast COO

Lockton has named Josh Korzon chief operating officer for the Northeast, succeeding Tim Ryan, who last month was appointed as the company’s US president.

Seven FL carriers approved to take out over 220,000 Citizens policies in November

The Florida Office of Insurance Regulation has approved seven companies to assume up to around 220,000 policies from state-run insurer of last resort Citizens Property Insurance Corporation, with the take-out companies including two reciprocals established this year.

RedBird-backed Bishop Street linked with Conifer Insurance Services deal

Start-up MGA platform Bishop Street Underwriters has been linked by multiple sources to the recently announced Conifer divestment as the unnamed acquirer of the US carrier's agency business, Program Manager can reveal.

TIH Insurance hires Momentum Financial’s Odell as new general counsel

Charlotte, North Carolina-based insurance distribution holding company TIH Insurance has appointed Jim Odell as general counsel, effective immediately.

Zurich NA promotes Forster and Maddox to lead East and South Central regions

Zurich North America has promoted Ben Forster and Jana Maddox to regional executive roles, leading the company’s new East and South Central regions, respectively.

Aon adds Huntersure’s Groarke to professional services practice

Aon has appointed former Huntersure partner Brendan Groarke as managing director and head of growth and strategy for its professional services practice in North America.

Neptune PIF hits 200k as premium in force reaches $250mn

Neptune Flood has hit a milestone 200,000 policies in force, while its premium in force has surpassed the $250mn mark as MGA sets its sights on broadening its reach with a greater number of agencies.

Region

Topics

Events & Conferences

Content Types