The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 Commercial Property & Casualty Market Outlook. Accounts with unfavorable loss …
Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its 650-page report, said …
National Arthur J. Gallagher, Assured Partners Arthur J. Gallagher will acquire AssuredPartners for $13.45 billion cash with a deal expected to close during the first quarter 2025, pending regulatory approvals. Orlando, Florida-based AssuredPartners’ 10,900 employees will join Gallagher. Amynta Group, …
National Matt McHatten, president and chief executive officer at MMG Insurance, is the new chair of the Insurance Information Institute’s (Triple-I) Executive Leadership Committee (ELC). McHatten succeeds Jennifer Kyung, CEO and founder of NextGen Underwriting and former P&C chief underwriting …
Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated strategies, reinsurance brokers Aon, Gallagher Re, and Howden …
Secrets to Success “We really look for people that are good at service. Sometimes not even in the insurance application, but often times, we interact with service-minded people throughout their interactions outside of the company, and we’ll recruit those kinds …
This article follows Part One from last month and covers group benefits and health insurance, the effects of natural disasters on insurance, insurtech and technology, and market conditions. Group Benefits and Health Insurance Today’s younger employees expect benefits packages to …
Have you felt like hiring and recruiting has been harder lately? It’s tough to find good candidates. People seem less committed to the process. There’s more competition with offers. With so many ups and downs, I sometimes wonder if the …
The brokerage industry is adapting to a changing landscape as macroeconomic conditions temper the tailwinds that have driven growth in recent years. High interest rates, historical valuations, and tighter access to capital have slowed M&A activity, with deal flow declining …
What a start to the new year for the insurance industry. January 1 saw two separate incidents that drew attention from the insurance industry as the threat of increasing political and terror risk continues to affect individuals and businesses worldwide. …
