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How strong is capacity in construction insurance?
WTW’s Jim Dunlap and Lockton’s Chase Johnson make up the first Construction Insurance Power Panel of 2025. In this discussion, they examine current capacity and appetite among carriers, contract scrutiny, CPL and offer their predictions for the market. Source link
NAIC backs FIO shutdown | Insurance Business America
Notably, before the Elon Musk-led Department of Government Efficiency (DOGE) officially took off, a coalition of nine state insurance commissioners from Alabama, Arkansas, Kansas, Louisiana, New Hampshire, North Carolina, Oklahoma, Tennessee, and West Virginia issued a joint letter to the agency urging the elimination of the FIO. Source link
US P/C insurers get ratings boost
Downgrades have fallen but upgrades are rising Source link
Bain Capital to buy 9.9% stake in Lincoln Financial for $825 million
“This transaction is about growth and opportunity,” said Ellen Cooper, chairman, president and CEO of Lincoln Financial Group, during a conference call. “Our partnership with Bain Capital will provide us a competitive advantage as we leverage their cross-platform asset management capabilities and deploy additional capital created through their investment to support enhanced profitable growth.” Source…
Insurance hires at Marsh, BenefitMall and Embroker
Moves include a new vice president for underwriting Source link
Baldwin Group to raise $110 million in surplus financing
The financing will be issued through surplus debentures, with $95 million provided by an affiliate of Gallatin Point Capital LLC and the remaining $15 million funded by Baldwin affiliates. The transaction is expected to close in the second quarter of 2025, subject to regulatory approvals and customary closing conditions. Source link