Specialty

P/C Insurer CFO Viewpoints on PFAS

PFAS was a hot topic at the recent Casualty Actuarial Society Seminar on Reinsurance in June. But at a separate meeting held around the same time—the S&P Global ...

Ryan Specialty Announces Succession Plan: Pat Ryan to Exec Chair, Turner to Be CEO

Ryan Specialty Holdings Inc. said company founder, chairman and chief executive Patrick G. Ryan will move to an executive chairman role and Timothy W. Turner will take over as CEO. Turner is ...

Berkshire, Starr in Top Cyber Ranking; Global Outlook Stable: AM Best

According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a 'stable' outlook despite a stall in premium growth. Analysts at AM Best issued a ...

Coverage Needed: New Maps Put Hundreds of Thousands in SE Flood Zones

Many more properties, including hundreds of thousands of homes across Florida and other parts of the Southeast, will be required to purchase flood insurance after July 31, due to revisions in federal ...

U.S. E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings

An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3 percent recorded in 2021. In ...

Surplus Lines Insurers Providing a Much-Needed Safety Valve for P/C Industry

Given the difficult environment for primary property/casualty carriers, the efficient use of excess and surplus (E&S) lines capacity is providing a safety valve for ...

AIG Drops Claims Against Former Execs Who Started E&S Insurer Dellwood

American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims ...

Nationwide Pet Shedding 100,000 Policies

The leading pet insurer in the U.S. said it is dropping about 100,000 policies starting this ...

3 Ways to Maximize the Value of Your Most Likely Customers

Tokio Marine Forecasts ¥1 Trillion 2024 Profit; ‘Drastic’ Growth Ahead

In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may seem less extraordinary in U.S. dollars of roughly $6.7 billion, either way ...