Marsh promotes Adam Russell to global wholesale chief

[ad_1] “A decade ago, 10-year policies were common. Five years ago, five-year terms were easy to secure,” she said. “Now, many carriers limit policies to three years, or even just one year in some cases. This shift stems from growing uncertainty – insurers want the flexibility to reassess risks annually, accounting for changes in regulations,…

[ad_1] Revenue and income both increased year-on-year [ad_2] Source link

[ad_1] The prospective capital injection would be structured as preferred equity, sources said, with final terms yet to be agreed. The deal, if concluded, would allow BDT & MSD Partners— which previously led a US$3 billion senior preferred stock investment in Acrisure in 2021— to partially redeem its existing position in the company. [ad_2] Source…

[ad_1] The British Insurance Brokers’ Association (BIBA) Conference is Europe’s largest insurance broking exhibition and insurance professionals are encouraged to attend. BIBA offers extensive networking and knowledge-enhancing opportunities. This event is expected to attract over 9,500 participants, including more than 230 exhibitors ranging from insurers, brokers, service providers, and software vendors. This event is sponsored…

[ad_1] From warehouse storage to nationwide shipping, wholesale fabric distributors weave throughout the supply chain for retailers, designers, and manufacturers. However, with large inventories of highly flammable material, complex vendor contracts, and deliveries in motion, this sector faces significant risk exposure. Below, Deidra Hoschak—senior small business underwriter at Central Insurance—gives expert advice for the core…

[ad_1] 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%,…