Latest news
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NewsQ2 umbrella hikes catching up to commercial property and auto: CIAB
The rate of average price increases across all lines of business for US commercial insurance accelerated from 3.4 percent in Q1 2019 to 4.6 percent in the second quarter, according to the latest survey from The Council of Insurance Agents Brokers.
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H1 US P&C loss and LAE increases outpaced earned premium growth
An AM Best analysis has revealed the US property casualty industry’s net underwriting income fell 9.6 percent in the first half, with improved investment income offsetting most of the decline.
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CAC Specialty hires JLT’s Schaeffer for West Coast push
Jennifer Schaeffer has left Marsh JLT Specialty to join new broker CAC Specialty as senior vice president anchoring West Coast business development efforts.
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Allianz builds out Brazil footprint with $738mn SulAmérica deal
Allianz has agreed to acquire auto and other property and casualty operations from Brazilian insurer SulAmérica in a Eur667mn ($738mn) deal.
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China Pacific Insurance invests in B3i
Chinese insurer China Pacific Insurance Company (CPIC) has become the latest shareholder in industry blockchain initiative B3i.
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74% of US brokers seeing cyber demand increase
A market survey from The Council of Insurance Agents Brokers has revealed 74 percent of respondents are seeing higher demand for cyber insurance, while 42 percent report claims are increasing.
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Programs exec Meek leaves Allied World for Homesite
Grace Meek has left Allied World to build out a new program platform at US carrier Homesite Insurance, The Insurer can reveal.
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Atlas looking to transition further business through its MGA
Atlas Financial has identified four strategic activities as value maximizing for stakeholders, and is also evaluating a full sale of the troubled commercial auto insurer or its MGA.
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Guy Carp NA targets broader relationships with JLT Re clients to fuel growth
Guy Carpenter is looking to broaden relationships with existing JLT Re clients in North America by leveraging its scale and full suite of services to position the combined operation for continued growth.
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Florida Specialty still pursuing MGA transition after Demotech downgrade
Florida Specialty is understood to be working on a renewal rights deal with Tower Hill for the H03 homeowners portion of its book as it continues its attempts to transition from a carrier to an MGA, The Insurer can reveal.
