Immigration crackdowns trigger insurance fallout in construction industry
As fears of deportation ripple through the construction sector, insurance professionals warn that uncertainty is already shifting coverage terms
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Pine Walk unveils new international casualty MGA
Pine Walk, founded in 2017, now supports 12 MGAs and provides underwriting, operational and regulatory frameworks for specialist insurance businesses. In 2024, the platform’s gross written premium grew 11% to $900 million, with expectations to exceed $1 billion this year. Source link
Xceedance chooses new global COO
Sankaran has more than 30 years of experience in global operations and transformation roles across several industries, including insurance, healthcare, finance, procurement, and human resources. He has held senior positions at Wipro, Accenture, GeBBS Healthcare Solutions, WNS, GE Capital, and Pfizer, managing global teams and client portfolios in various market conditions. Source link
Everest appoints three leaders for its wholesale business
“As the US E&S market continues to grow, we are advancing our wholesale strategy by investing in talent, enhancing our service offerings, and focusing on key industries,” said Stephen Buonpane, president of Everest Evolution. “With this strengthened leadership team, we are well-positioned to expand our market presence and provide our US wholesale partners with tailored…
What are boards missing beyond risk reports?
Sexton outlined the internal factors boards must watch, including “changes to products, services or geographic footprint,” “rapid growth that creates new, large exposures” and “key person turnover or increased turnover across the firm.” External factors, he said, include “macroeconomic shocks,” “legal, regulatory or political environment” and “disruptive technologies.” Source link
Gallagher sees 14% leap in first quarter results
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…
Aspen Insurance releases first quarter financial results
Underwriting results were similarly impacted, with underwriting income dropping to $27.2 million, from $89.5 million in Q1 2024. The catastrophe loss ratio saw an increase, reaching 13.0%, compared to 4.9% in the previous year. This contributed to a higher combined ratio of 96.1%, compared to 86.6% in the same quarter of 2024. Source link