Palomar Holdings saw its adjusted net income nudge upwards in 2021’s second quarter with results that beat analysts’ estimates while the company’s gross premiums written (GPW) jumped over 54 percent largely due to its new E&S business.
American Financial Group (AFG) continues to benefit from market conditions that co-CEO Carl Lindner said are among the best he has seen in his career with specialty property and casualty (P&C) rates that remain ahead of the carrier’s prospective estimated loss ratio trends.
Former Coastal American and HCI Group executive Ned Dolese has formed a new Mississippi-based homeowners insurer called Property Insurance Company of America, working with Stonybrook Capital on the launch, The Insurer can reveal.
Rick Lindsey-led Prime Insurance Company has insured the upcoming Rolling Stones US tour, providing cover in the event of civil authority shutdowns due to Covid-19 contamination at a time when most carriers are excluding communicable diseases from contingency policies, The Insurer can reveal.
Alliant’s spate of hires from Willis Towers Watson (WTW) to build out its growing public entity practice has continued with Mike Honeycutt the latest to take the increasing well-worn path between the two brokers.
Mercury General narrowly beat analysts’ consensus estimate in 2021’s second quarter with the company seeing its combined ratio for the period increase as catastrophe losses more than doubled year on year.
Amwins has acquired National Truck Underwriting Managers (NTUM), a Minnesota-based truck insurance wholesaler offering access to primary liability, physical damage and motor truck cargo package policies.
With heightened activity behind the scenes aimed at resolving the future of Willis Re, the prospect of a rebooted $3bn+ deal for Arthur J Gallagher to buy the reinsurance broker has been welcomed by analysts.
New York-based broker NFP has acquired Dublin-based retail and commercial insurance-focussed Aiken Insurance, continuing the expansion of its P&C capabilities in Europe.
ProSight Global’s $586mn acquisition by private equity firms TowerBrook and Further Global Capital is scheduled to close this week with former Aspen and Validus executive Jonathan Ritz confirmed to take the position of CEO of the property and casualty insurer.