insurance buisness 1

Akira and Black Basta dominate variants as early reporting proves critical Source link

In the US, operating DPW declined 3%, mainly due to the non-renewal of a large account. The region’s combined ratio improved slightly to 86.8%, helped by rate momentum across most lines. In the UK and Ireland, operating DPW fell 4% as portfolio remediation efforts continued. The combined ratio in that segment rose to 97.6%, influenced…

The offering, along with an IPO from American Integrity Insurance Group Inc., marks a return of activity to the US IPO market. Listings slowed after former President Donald Trump’s April 2 tariff announcement, which prompted some companies to delay or reconsider going public. During this period, China’s Chagee Holdings Ltd. was the only large-scale IPO…

For the first quarter, Heritage reported a net income of $30.5 million, or $0.99 per diluted share, compared to $14.2 million, or $0.47 per diluted share, in the same period last year. Gross premiums earned in the quarter totaled $353.8 million, a 3.6% increase from the previous year’s $341.4 million. Source link

Hub’s M&A strategy The acquisition is part of Hub International’s ongoing mergers and acquisition strategy, which plays a central role in its growth model. Hub has remained active in acquiring firms across North America, focusing on those that enhance its service capabilities, extend its geographic reach, or offer specialized expertise. The firm continues to target…

WM Outrigger Re, another key insurance operation, reported a sharp increase in premiums, with gross written premiums rising to $38 million in the first quarter, up from $34 million in Q1 2024. However, its combined ratio was significantly higher at 166%, primarily due to losses related to the California wildfires. Source link

Tiernan currently serves as Lloyd’s chief of markets, a role he has held since joining the organization in May 2021. In this position, he has overseen underwriting, claims, exposure management, international regulation, market oversight, distribution, and the Lloyd’s Global Network. His remit has also included the Lloyd’s Lab, Lloyd’s Academy, and the organization’s global agents….

Tiernan currently serves as Lloyd’s chief of markets, a role he has held since joining the organisation in May 2021. In this position, he has overseen underwriting, claims, exposure management, international regulation, market oversight, distribution, and the Lloyd’s Global Network. His remit has also included the Lloyd’s Lab, Lloyd’s Academy, and the organisation’s global agents….

Comparatively, Bowhead reported that its Q4 2024 gross written premiums rose 26.3% to $184.8 million, driven by renewals, new business, and platform expansion across all divisions.  Return on equity stood at 14.8%, while the company’s book value per share stood at $11.34. Source link

Texas-based firm known for insuring diverse fleets, from jets to vintage aircraft Source link

Additionally, Gallagher expanded its presence in the Southeast by acquiring Sheila J. Butler & Co., a Georgia-based employee benefits firm. The firm, with over 25 years of experience, continues to operate from its Carrollton, Georgia location under Gallagher’s Southeast region employee benefits consulting operations. Source link

Mercury’s combined ratio for the quarter stood at 119.2%, up from 100.9% in Q1 2024, reflecting elevated loss activity from catastrophe events. Catastrophe losses, net of reinsurance, reached $447 million in the quarter, up from $72 million a year earlier. Source link

The definition of “medical incident” under PorterCare’s policy included “any act or omission… which results in injury to a patient,” and crucially, stated that “all related acts or omissions… to any one person” would be considered a single incident. That wording, according to AdHealth, made it clear that each patient’s claim had to be treated…

Online quoting tools have sped up small-business workflows, but mid-sized commercial accounts still face outdated processes and manual bottlenecks. In Florida’s high-risk market, even routine tasks like retrieving loss runs or explaining exclusions can carry serious liability. As carriers lean further into automation, Iten warns, brokers are often left to manage the consequences. Source link

Forget Fortune 500s – captives are going mainstream, and some brokers are dangerously unprepared Source link

The reinsurance segment, comprising 34% of the company’s gross written premiums, reported a 43.7% increase in gross written premiums to US$70.0 million, from US$48.7 million a year earlier. Net premiums earned increased to US$24.9 million from US$16.8 million. Underwriting income rose to US$10.4 million, compared to US$6.8 million in the first quarter of 2024. The…

They includes a new COO and a new chief marketing officer Source link

Meanwhile, the adjusted EBITDA loss for the quarter was $47 million, in line with company guidance, which included an estimated $22 million adverse impact from the California wildfires. Net loss was $62.4 million, or $0.86 per share, compared to $47.3 million, or $0.67 per share, in the first quarter of 2024. Source link

The case began over a boiler installation in 2014, when Judy Lammons called EDCO Environmental Services, Inc., an HVAC contractor in Crown Point, Indiana, to replace her broken boiler. She agreed to have what she understood to be a new, high-efficiency unit installed. EDCO completed the work that day and billed her for a “new…

Trucordia has also acquired CADA Insurance Services, expanding its footprint in Louisiana. CADA operates offices in Baton Rouge, Chalmette, Gretna, and Kenner, and provides coverage across several lines, including auto, home, commercial, general liability, and workers’ compensation. Source link

Guru of Insurance, based in King George, Virginia, provides employee benefits planning and group benefits services to clients in the region. David Rao, president of Guru of Insurance, and his team will join Hub Mid-Atlantic. The firm will operate under the name of Guru of Insurance, a Hub International company. Source link

All of its core business segments see year-over-year boost Source link

All of its core business segments rose year-over-year Source link

Under the revised structure, policyholders will receive a 5% credit for fewer than five consecutive years of membership, 10% for at least five but fewer than 10 years, 12.5% for at least 10 but fewer than 15 years, and 15% for at least 15 consecutive years. Source link

Net income for the quarter was US$274 million, or US$1.00 per share, compared to US$338 million, or US$1.24 per share, in the same period last year. Core income dropped to US$281 million, or US$1.03 per share, from US$355 million, or US$1.30 per share, year over year. Source link

Interestingly, Dr. Martin agreed that a custom brace and orthotic might help manage the ankle symptoms, as suggested by Dr. Alvarez. But he emphasized that treatment plans alone don’t establish a diagnosis, and that pain – no matter how limiting – is considered a symptom, not a condition, under West Virginia law. Source link

They include Marsh swooping for a top Aon executive Source link

North Dakota has officially transferred oversight of its state fire and tornado fund from the insurance commissioner to the Office of Management and Budget (OMB), following the enactment of House Bill 1027. The change centralizes fund management under the OMB, which now oversees risk coverage for state agencies, political subdivisions, winter shows, and the International…

Before that final payment, however, K&B reached a separate settlement with Moving & Storage’s insurer, Selective Insurance Company of America. On November 16, 2020, Selective paid K&B $92,424.24 in exchange for a general release. The agreement released both Selective and Moving & Storage from “any and all claims that may be submitted by another insurance…

Active acquisition drivers Among the most active buyers over the past four quarters, BroadStreet Partners led with 81 transactions, exceeding its five-year average of 58. Hub International followed with 61 deals, slightly below its five-year average of 65, while Inszone Insurance Services recorded 44 deals, above its average of 32. Source link