Underwriting expansion marks strong start to year for Lancashire

The court, however, upheld the dismissal of Tarlton’s other claims, including false promise, promissory estoppel, fraud, and negligent misrepresentation. Those allegations centered on a letter from Great American stating it would pay part of the claim upon receipt of a signed release. The court concluded there was no binding promise to pay unless Tarlton signed,…

Mubadala, the Abu Dhabi-based sovereign investment fund, and Hg Capital, an existing Howden shareholder, are expected to contribute around $2 billion (£1.5bn) each in equity. The new investment would value Howden at approximately $20 billion, implying a combined valuation of around $30 billion for the group. Source link

Financial firepower: Gallagher has nearly tripled its assets since 2020, doubling revenue while maintaining a 20% profit margin – all while absorbing rising debt and amortization.  Acquisition strategy dissected: Gallagher has turned M&A into a growth engine while navigating increasing regulatory and legal scrutiny.  Middle-market mastery: By turning client lifecycle management into…

The survey, which gathered responses from 500 senior executives worldwide, found that 65% identified cyber attacks as the primary reputational risk, up from 52% in 2023. Environmental concerns followed closely, cited by 64% of respondents, also a rise from 52% the previous year. Source link

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Umbrella and excess coverage, along with commercial auto, saw the most significant increases Source link