M&A deals outperform, breaking seven-quarter losing streak – WTW

The big brokerages, including Aon, Marsh, Lockton and WTW, have these offerings. They can help deal with a very broad range of challenges, all relevant to a firm’s risk management and insurance costs. The objective, say these global brokers, is a healthier and more engaged and productive workforce. Source link

As insurers retreat from some markets, policyholders are facing skyrocketing premiums, stricter underwriting and unexpected policy cancelations Source link

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….

In 2023, the US P&C insurance sector recorded a net underwriting loss of $21.2 billion, a slight improvement from the previous year’s $24.9 billion loss. This period also saw the worst underwriting loss in a decade, primarily due to severe weather-related losses, persistent inflation, and rising reinsurance costs. Source link

Crop insurance growth in the US Palomar’s expansion into the crop segment follows growth trends and projections within the market. In 2024, farmers and ranchers invested over $6 billion to purchase approximately 2.4 million crop insurance policies, providing $159 billion in protection against weather and market losses. This coverage spanned over 543 million acres, representing…

Urban properties in higher-crime areas present more potential for tenant or guest injuries and incidents. Older multi-family buildings with outdated infrastructure can lead to slip-and-fall accidents, fire hazards, or structural failures.  Short-term rentals often have high guest turnover, less oversight, and an increased likelihood of property misuse or injury.  Properties with…