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Report reveals impact of US tariffs on global insurance sector
“Despite these large trade and market disruptions, we believe that the impact on most well-diversified insurance companies is manageable,” said Nadja Dreff, senior vice president, sector lead Global Insurance & Pension Ratings, Morningstar DBRS. “We expect insurers will take mitigating actions in the form of premium increases, adjustments to supply chains, tighter control of expenses,…
ShoreOne adds Trisura as carrier partner to expand coastal homeowners capacity
Collaboration targets coverage gaps in high-risk property markets Source link
Key moves at EPIC Insurance, Vantage Group, Mosaic, Hiscox USA and Marsh McLennan
Moves include a new global leader and a new COO Source link
Starkweather & Shepley acquires AiK2 Insurance
Founded in 1879, Starkweather & Shepley is one of the largest independent insurance agencies in Rhode Island. With 14 offices in Rhode Island, Massachusetts, Connecticut and Florida, the company offers business insurance, personal insurance, employee benefits and risk management services. Source link
W.R. Berkley confirms stake sale to Mitsui Sumitomo
“We have deep respect for MSI developed over years of collaborating with them through the company’s reinsurance operations,” said Rob Berkley, president and CEO of W.R. Berkley. “Their significant investment is a validation of our company’s performance and growth trajectory, and we welcome the opportunity to leverage their international presence to create sustainable stockholder value.”…
Burns & Wilcox to launch a new product offering with Atain Insurance
Bonnie Steen was promoted to regional vice president, overseeing operations in Louisiana, Arkansas, Mississippi, and Alabama. William Briscoe and Chris Siegel were elevated to vice presidents, with Briscoe managing offices in Oxford, Mississippi, and Birmingham, Alabama, and Siegel taking responsibility for all Florida offices. Berri Willis also became vice president, continuing to lead offices across…