Industry News
Fairfax Insurance Group Names Young as President, Barnard as Chair
Fairfax Financial Holdings Limited announced that Brian Young has been named president of Fairfax Insurance Group, succeeding Andrew Barnard. Barnard, who has been ...
U.S. Insurance Deals Outlook: More, More, More
In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024, and predicted an active year in 2025 with brokerage and MGA deals leading the way. ...
GlobalData Plc Acquires Celent
GlobalData Plc, a data, analytics, and insights platform, announced last month that the group signed an agreement to acquire research and advisory firm Celent. Celent was previously part of Marsh ...
E&S Market Sees 21% Compound Growth Within Past 5 Years: Conning
Excess and surplus (E&S) lines of insurance have experienced unprecedented growth, realizing 21 percent compound annual growth rate over the past five years and surpassing $104 billion in ...
California Insurers Required to Increase Home Coverage in High Risk Wildfire Areas
Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in ...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with U.S. liability claims increasing by 57 percent during the past decade and nuclear verdicts rising in ...
Loss-Free Property Cat Rates Fall 5-15% as Reinsurer Appetite Grows: Guy Carpenter
Global reinsurers' appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5-15 percent for loss-free accounts, ...
RiverStone International to Provide Loss Portfolio Transfer for Zurich Insurance
RiverStone International, the London-based provider of legacy solutions, announced it has signed an agreement with the French branch of Zurich Insurance Europe and Zurich Insurance Co. to provide a ...