Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says
A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren't the exact words ...
Industry News
California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels
A new report from the Workers' Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14 percent above the previous year. The WCIRB's Quarterly Experience Report is an ...
Apollo-Owned Aspen Insurance Files for IPO in U.S.
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing.
The ...
Tech Bytes: New Partnerships at bolt, Convr AI, Mylo
bolt, an InsurTech with a technology-enabled property/casualty insurance exchange, announced a partnership with Ledger, a global platform to secure crypto and critical digital assets, to launch a new ...
Aon to Buy Middle-Market Broker NFP for $13.4 Billion
Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment.
The purchase ...
Lloyd’s Extends Lease on Iconic London Headquarters Until 2035
Society of Lloyd's, better known as Lloyd's of London, has reached an agreement to remain in its One Lime Street headquarters until at least 2035, the Financial Times ...
Florida Insurers Got Creative About Reinsurance in ’23: KBRA
Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property ...
‘Concerning Trend’ in Auto Theft Rates Pressuring Insurers
Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2 ...
S&P Upgrades Lloyd’s Financial Strength Rating to AA-
S&P Global Ratings has revised its financial strength rating for Lloyd's of London to "AA–", outlook stable, from "A+", outlook stable. The rating upgrade reflects the improvement in Lloyd's ...