According to the latest Insurance Marketplace Realities report from WTW (Willis Towers Watson), a leading global advisory, broking, and solutions company, commercial insurance rates have demonstrated balance and stability throughout the year across North America.
Tag: commercial insurance
Lloyd’s of London Sees Commercial Insurance Prices Holding Steady
The commercial insurance market may not be on the verge of lower premiums, despite recent speculation, according to Lloyd’s of London chairman Bruce Carnegie-Brown.
USG Announces Hire of Warren Cooksey in Irvine, CA
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Warren Cooksey, Associate Producer/Broker, to their U.S. Satellite team, under the direction of Jim Parsons, First Vice President: Regional Manager.
Farmers to Resume Offering Key Lines of Business Insurance in California
Farmers Insurance® announced it will resume accepting new business Commercial Multi-Peril applications for Auto Service & Repair, Habitational, Manufacturing, Real Estate and Wholesale Distribution policies in California, as of August 1, 202
Agents, Commercial Clients Have Different Views on Severe Weather Readiness
The increasing frequency and severity of weather events across the globe have many commercial insurance customers worried about damage to their businesses and properties – and rightfully so, with data showing 40% of businesses fail to reopen following a disaster.
Amwins Purchases Wholesale Business from Franklin Street
Amwins announced the purchase of Arena Special Risks’ wholesale business from commercial real estate and retail insurance firm Franklin Street.
Lexington Insurance Launches Middle Market Casualty Group
Lexington Insurance Company, an American International Group, Inc. (AIG) company, announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to small-to-medium-sized commercial enterprises, substantially expanding the company’s market reach beyond upper middle-market andlarge enterprises. The team, which is headed by Paul McLaughlin, Senior… Continue reading Lexington Insurance Launches Middle Market Casualty Group
Lloyd’s Reports Strong Underwriting Result in 1H 2022
Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today announced an improved underwriting result for the first six months of 2022, with an underwriting profit of £1.2bn (HY 2021: £0.96bn) and a combined ratio of 91.4% (HY 2021: 92.2%). Notwithstanding a challenging year of natural catastrophes, the invasion of Ukraine, inflation,… Continue reading Lloyd’s Reports Strong Underwriting Result in 1H 2022
Median Organic Growth Levels Reach Double Digits for Independent Agents & Brokers
Good news never gets old. According to a Reagan Consulting survey, independent insurance agents and brokers experienced their fifth consecutive quarter of record-breaking organic growth. Their median organic growth reached double digits for the first time in the nearly 15-year history of the firm’s Growth & Profitability Survey, reaching 10.2% in the second quarter of… Continue reading Median Organic Growth Levels Reach Double Digits for Independent Agents & Brokers
Zurich Reports 25% Rise in 1H 2022 Operating Profit
Zurich Insurance Group reported the highest first-half business operating profit since 2008 and the second highest ever, with all regions and business lines contributing to the successful results. Group Chief Executive Officer Mario Greco said: “We are on track to beat all our targets for the second successive three-year cycle. This is particularly remarkable because… Continue reading Zurich Reports 25% Rise in 1H 2022 Operating Profit