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John Neal, CEO of Lloyd’s of London since 2018, will join Aon PLC as global chairman of climate solutions and global CEO of reinsurance, the organizations announced Wednesday.
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John Neal, CEO of Lloyd’s of London since 2018, will join Aon PLC as global chairman of climate solutions and global CEO of reinsurance, the organizations announced Wednesday.
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Insured losses from the wildfire that broke out Jan. 7 primarily impacting the residential neighborhood of Pacific Palisades in Los Angeles could approach $10 billion, according to a note Wednesday from J.P. Morgan.
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Axa XL, a unit of Axa SA, on Wednesday named Katherine Gerber, formerly with Liberty Mutual Insurance Co., as head of energy transition in the Americas.
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Reid Holzworth, CEO of Ivans, says generative AI is yet to transform the insurance sector but 2025 will see significant implementation of the technology.
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Marsh & McLennan Agency LLC on Monday sued Alliant Insurance Services Inc. and three former brokers in federal court in New York, saying Alliant conspired with the individuals to breach confidentiality and nonsolicitation agreements prior to their abrupt resignations Dec. 16.
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Commercial property insurance buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year as the market stabilizes, according to a report issued Tuesday by USI Insurance Services LLC.
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Ryan Specialty Holdings Inc. said Tuesday it has agreed to buy Velocity Risk Underwriters LLC, a managing general underwriter specializing in property catastrophe insurance, for $525 million.
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Commercial insurance rate increases moderated to 2.6% in the fourth quarter of 2024, compared with 3.8% average price increases in the third quarter, according to data released Monday by insurance exchange MarketScout Corp.
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Ron Norton, CEO of K&K Insurance, discusses risk management in the film and media sector.
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An AssuredPartners Inc. unit earlier this month sued rival EPIC Insurance Brokers & Consultants and three former brokers for allegedly engaging in a scheme to poach clients.
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Kristen Peed, head of corporate risk at Sequoia Benefits and Insurance Services LLC and a captive insurance industry leader, assumed the presidency of the Risk & Insurance Management Society Inc., effective Jan. 1.
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Severe weather that hit the Southeast Dec. 26-29, including more than 80 tornadoes that caused widespread damage from Texas to the Carolinas, could result in hundreds of millions of dollars in total economic and insured losses, Aon PLC said in a report Friday.
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Willis Towers Watson PLC on Wednesday named Hugo Wegbrans head of corporate risk & broking for Europe.
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AssuredPartners Inc., the Orlando, Florida-based brokerage Arthur J. Gallagher & Co. has agreed to buy, on Tuesday named Heather Sullivan as chief operating officer, effective Jan. 13.
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Canopius Group Ltd. Wednesday named Laura Burke as U.S. head of cyber and technology.
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Courtney Malveaux, partner with McGuireWoods LLP, talks about what to expect in the New Year with OSHA.
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The Plexus Groupe LLC on Tuesday named Gerald Fawcett as president.
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Axa XL, a unit of Axa SA, has named Chelsea Thorpe, formerly with Beazley PLC, as head of broker management, Marsh.
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Alera Group on Monday named Gary Piantedosi president, succeeding Jim Blue, who took the helm as CEO on Jan. 1.
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Business Insurance’s Rankings + Directory of Agents and Brokers features the nation’s Top 100 brokers based on year-end U.S. brokerage revenue, profiles of the world’s largest 10 brokers, special reports and a comprehensive listing of 122 agents and brokers, including their gross revenue, brokerage revenue, revenue by business line, acquisitions, company officers and more. Raw data […]
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The Business Insurance Global Reinsurers and Reinsurance Brokers Rankings + Directory includes the data listings of the world’s 19 largest reinsurers and 12 reinsurance brokers. See the Top 10 reinsurers by gross reinsurance premiums written, based on A.M. Best data, and Top 10 reinsurance brokers based on their gross revenue in 2023. The 2024 special […]
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The Business Insurance Broker Supplement is a must-have supplement to the 2024 Agents and Brokers Rankings and Directory. Additional charts include: Brokers to watch (brokers ranked outside the Top 100) Most productive agents and brokers Fastest-growing brokers Top 25 benefits brokers by growth Largest U.S. commercial retail brokers Top brokers of wholesale business
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