News
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken
AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong, and the rating agency ...
Experts Say Slower Start to 2022 Atlantic Hurricane Season Shouldn’t Deter Insurers
While the 2022 Atlantic hurricane season has seen slower activity at the beginning, experts are warning that doesn't mean insurers and their clients should let their guards down. In fact, the U.S. ...
Majesco’s Fall ’26 Product Release Accelerates the Journey to a Frontier Firm We are standing at the edge of a...
Lexington Starts Middle Market Casualty Group for SMEs
AIG's Lexington Insurance Company has launched the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to ...
Executives on the Move at Markel, PartnerRe, USAA
Markel Corporation said that Jed Rhoads, president and chief underwriting officer of Markel's Global Reinsurance Division, is retiring at the end of 2022. Rhoads has been in the industry for more ...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
Westfield said it has expanded into the international specialty insurance market by buying Lloyd's Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is ...
AXIS Capital Launches Wholesale Division
AXIS Capital Holdings Ltd. announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale market. The division is being led by Carlton Maner, who has ...
U.S. Surplus Lines Direct Premiums Written Reached Record High in 2021
Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year 2022, according to a new AM Best report. In the first six ...
Liberty Mutual: Ironshore to Become Wholesale-Exclusive Brand
Liberty Mutual said it has repositioned its distribution strategy for specialty and excess & surplus products, making Ironshore a wholesale-exclusive brand. Going forward, all U.S. commercial, ...