Fraser McLachlan, current chief executive of GCube, has been appointed chairman of TMGX. Ben Kinder, chief underwriting officer for marine, energy & renewables at Tokio Marine HCC International (TMHCCI), will serve as TMGX’s CUO in addition to his existing responsibilities at TMHCCI.
Lockton names US industry practices leader Lockton, a privately held independent insurance brokerage, has appointed Chris DiLullo (pictured immediately above, left) as its first US industry practices leader. In this new role, DiLullo will be responsible for leading the company’s national strategy across key industries, including construction, healthcare, law firms, life sciences, real estate, energy…
Gallagher commented on current conditions in the global property and casualty insurance market, noting a continued divergence between property and casualty premium trends. According to the company, commercial property renewal premiums declined 2%, while casualty increased 8% during the first quarter of 2025. Exposure changes, including mid-term endorsements, remained positive. The company also reported no…
Not every broker wants to run toward hard-to-place risks. In a tough market, where even standard lines like auto liability require creativity and layered placements, the wholesale distribution market has experienced significant growth, driven by increasing demand for specialized insurance solutions. However, this rising demand has not simplified deal closures, particularly for new businesses. Source…
Committee chair Sen. Josh Hawley said many consumers feel abandoned when they need their insurers most. He cited repeated inspections, inconsistent estimates, and claim denials. “They delay, and they deny, and they offer excuses,” Hawley said, describing reports of insurers sending multiple adjusters with varying assessments. Source link
With new home sales finishing 2024 2.5% higher than the previous year—and modest growth projected for 2025 thanks to steady macroeconomic conditions and a strong labor market—opportunities for home builders and general contractors continue to expand. However, with more projects comes greater exposure to risk. From water damage and jobsite accidents to claims tied to…
Alongside HB 1302, lawmakers are also reviewing a separate proposal—House Bill 1182—which would impose new disclosure and notification requirements on insurers using wildfire risk models in underwriting. If passed, HB 1182 would mandate greater transparency from insurers about their use of catastrophe models, risk scores, and other tools used to assess wildfire exposure when determining…
