Specialty
The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
Workers compensation specialty insurer The MEMIC Group, led by parent company Maine Employers' Mutual Insurance Company, has entered into an agreement to acquire The ...
Inflation Hits Med Mal: Actuaries Estimate $4B for Economic + Social
An actuarial report published earlier this month put a $4 billion estimate on inflation's effect on medical malpractice insurance losses over the last decade, without gauging the separate impacts of ...
Firings After Comments on Kirk’s Death Raises Questions on Worker vs. Employer Rights
In the days following the fatal shooting of conservative activist Charlie Kirk, numerous workers have been fired for their comments on his death, among them MSNBC political analyst Matthew Dowd. ...
AmTrust MGAs to Spin Off in Deal with Blackstone
Some of the managing general agencies and fee businesses of global property/casualty insurer AmTrust Financial Services are set to be spun-off in a deal announced by AmTrust Financial Services, Inc. ...
7 Years of Double-Digit Growth; New Players on Top 25 E&S Insurers List
2024 marked the 7th straight year of double-digit growth for the U.S. excess and surplus lines market, but the top 25 players no longer command 70 percent of the pie, according to a new report. AM ...
‘Double-Edged Sword’: S&P Scrutinizes Reinsurer Reliance on MGAs
Reinsurers that rely too heavily on managing general agents to access specialized underwriting expertise and distribution are facing scrutiny from analysts at S&P Global Ratings as the market ...
Crum & Forster Upgraded to A+; Aspen, Sompo Ratings Under Review
Notable announcements on insurance company financial strength ratings last week included AM Best's upgrade of Crum & Forster Insurance Group, and various rating agency announcements about a ...
$100B-Plus and Growing: Aon Reports on MGA Market
Aon published a report on the MGA market this week, estimating $109.2 billion in direct premiums written by MGAs in 2024, identifying State National as the biggest MGA-dedicated carrier and ...