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Insurance is shifting from the admitted to the excess and surplus market – here’s why
market trends premium trends premiums by insurer leading brokerages by premiums leading carriers by premiums surplus premiums by sector Homeowners drive record growth in personal lines premiums and transactions In 2024, premiums for the surplus lines sector totaled $19.1 billion, up from $16.6 billion in 2023. The increase…

Gallagher’s ascent: New report reveals how brokerage is taking on industry giants
Financial firepower: Gallagher has nearly tripled its assets since 2020, doubling revenue while maintaining a 20% profit margin – all while absorbing rising debt and amortization. Acquisition strategy dissected: Gallagher has turned M&A into a growth engine while navigating increasing regulatory and legal scrutiny. Middle-market mastery: By turning client lifecycle management into…

Top Five Tips for Advising Real Estate Investor Clients
Real estate investors now account for nearly 15% of home purchasers, creating growing demand for specialized insurance guidance and solutions. As the market expands, providing tailored advice and coverage that addresses the unique risks and needs of these clients is essential for a successful insurance business. Download this resource to learn: How to assess…

Florida court rules FIGA not liable in late Hurricane Irma insurance claim
The case began after Hurricane Irma struck in 2017, damaging multiple buildings at the Golf Villas II condominium complex, managed by the Condominium Association of Golf Villas II, Inc. The association submitted a property damage claim to its insurer, American Capital Assurance Corporation. But before the claim could be fully resolved, American Capital became insolvent…

RSA parent gets boost from personal lines
In the US, operating DPW declined 3%, mainly due to the non-renewal of a large account. The region’s combined ratio improved slightly to 86.8%, helped by rate momentum across most lines. In the UK and Ireland, operating DPW fell 4% as portfolio remediation efforts continued. The combined ratio in that segment rose to 97.6%, influenced…