Court backs contractor in CGL dispute with Nationwide

“We’re thrilled to welcome John Neace to Afore as an investor, board member and visionary leader,” said Michael Garguilo, president and CEO of Afore. “His guidance and the agencies contributed through Neace Ventures will immediately strengthen Afore’s platform, help drive our M&A strategy and provide us a lasting competitive advantage.” Source link

“We earned core income of $443 million, or $1.91 per diluted share, as outstanding underlying results, strong net favorable prior year reserve development and higher investment income more than offset catastrophe losses,” said Alan Schnitzer, Travelers’ chairman and CEO. Source link

House Bill 1549 removes these requirements, aiming to simplify the placement process and improve access for consumers. The Florida Surplus Lines Service Office stated that the bill will expand consumer options, cut down on repetitive documentation, and enable quicker placement of coverage in the surplus lines market.  Source link

For many firms, she explained, these transactions become a catalyst for reassessment. The average deal size in 2024 hit $792 million, according to Travelers’ data. With deals of that magnitude, companies are under pressure to scrutinize every function, including insurance.   Source link

Leadership moves support coordinated client service and global reach Source link

Industry and market outlook The leadership transition comes as Argo adapts to shifting industry dynamics, including regulatory changes, rising litigation costs, and evolving risks in the specialty insurance sector. With Donahue at the helm, the company is expected to continue refining its underwriting approach while seeking growth opportunities in niche markets. Source link