Marsh names Adam Russell head of global wholesale insurance operations

For the past few years, the airline insurance market has seen a surplus of supply despite concerns about future market conditions. However, uncertainties in the aviation insurance and reinsurance sectors are becoming more pronounced. As 2025 begins, the market continues to provide opportunities for buyers, but it remains uncertain how long these conditions will persist,…

Michael’s Fabrics, LLC, a Baltimore-based retailer specializing in high-end fabrics, purchased a business owners’ insurance policy from Donegal Mutual Insurance Company for the period covering December 16, 2022, to December 16, 2023. The policy, for which the company paid an annual premium of $4,765, included $3,364 for property coverage. Source link

Move enhances presence in construction, environmental and manufacturing Source link

The proposal, introduced by the Department of Banking and Insurance, calls for the adoption of the NAIC Term and Universal Life Insurance Reserve Financing Model Regulation #787, known within the industry as the XXX/AXXX Model Regulation. The move would bring uniformity and greater transparency to reserve financing, an area that has historically presented regulatory challenges. Source link

and How General Liability Insurance Mitigates Them

In addition to scoring service performance, the survey asked brokers to identify their top three wholesale partners by line of insurance across 20 major coverage areas. The leading three in each category were awarded gold, silver, and bronze rankings. MGAs also competed for a “Brokers’ Pick” medal, given to the most frequently cited products. Source…