AXIS Capital sees growth in operating income amid wildfire impact

[ad_1] Insurance coverage for oil companies Several major insurers, including AIG and Chubb, continue to provide coverage for oil and gas operations. Chubb, for instance, has expressed intentions to underwrite more oil and gas production, aligning with anticipated increases in fossil fuel activities under the current US administration. [ad_2] Source link

[ad_1] Business insurance also recorded a combined ratio of 94.4 and an underlying combined ratio of 88.4, matching results from the prior-year period. In the personal insurance segment, the combined ratio was 106.1, while the underlying combined ratio improved by 6.4 points year-over-year to 89.7. [ad_2] Source link

[ad_1] This dynamic is especially evident among large brokers across the US, whether they’re private equity–backed or independent. Many brokers need infrastructure, specialized expertise, and access to tools that require investment, and the decision to build from within or to join a firm already ahead has become central to strategic thinking. [ad_2] Source link

[ad_1] NOAA warns of increased likelihood of frequent and intense storms [ad_2] Source link

[ad_1] The company is looking to convert to a mutual holding company structure [ad_2] Source link

[ad_1] In his new role, Beresheim will focus on aligning leadership with evolving client needs, streamlining operations, and driving innovation across Lockton’s risk offerings. He has played a pivotal role in developing the firm’s specialty practices, with a focus on cyber & technology, transaction liability, and private equity. [ad_2] Source link