Tanker carrying US military jet fuel hit by cyanide container ship

The specialty (also know as E&S) markets represent a growing segment of the insurance industry, as risks become more complex and the need for specialized coverage grows. To address the needs of underserved small businesses in the specialty markets, we use our platform and products to provide coverage that is tailored to the specific needs…

“This acquisition is part of our strategic effort to scale high-growth broking businesses and expand our capabilities across the insurance value chain,” said Scott Burnett, head of corporate mergers and acquisitions for WTW’s risk and broking division. “GCC brings strong market penetration, especially in the trade credit space, and will significantly enhance our scale and…

With backing from Madison Dearborn Partners and later the Abu Dhabi Investment Authority, the firm has grown under CEO David Ross. Ardonagh has acquired assets in markets including Brazil, Spain and Italy. Last year, it purchased Australia’s PSC Insurance Group for an implied equity value of A$2.3 billion ($1.5 billion), taking the company private and…

Paul Papangelou, president and chief executive officer of Coastal Flood Underwriters, will play a key role in FTP’s flood operations, the statement said. FTP noted that demand for flood insurance is increasing amid changing climate risks, and the acquisition supports its focus on this market. Source link

“This collaboration further diversifies and expands Root’s offerings across distribution channels,” said Alex Timm, Root’s co-founder and CEO. “Our partnership channel has seen new writings increase 115% year-over-year as our pipeline continues to expand across the automotive, financial services, and agent sub-channels.” Source link

Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022….