3+ hour, 50+ min ago  (250+ words) The brokerage sector is restructuring amid slowing economic growth and a softening commercial insurance rate environment as organic revenue growth moderates from recent highs. Many brokers are streamlining their operations, prompted by technological advances such as AI and automation. A…...

4+ hour, 10+ min ago  (277+ words) Howden's decision to launch a U.S. retail brokerage division earlier this year caused quite a stir, especially among the established firms from which it aimed to recruit staff. While the London-based brokerage had been rumored to be considering entering the U.S. market…...

4+ hour, 15+ min ago  (232+ words) Insurers have paid out more than $100 billion in catastrophe claims each of the past five years, and a string of California wildfires in January had some in the industry worried that 2025 could be even worse. During a February earnings call,…...

4+ hour, 25+ min ago  (171+ words) When a pair of former Arthur J. Gallagher & Co. construction brokers left and established their own firm, the world's third-largest brokerage hit back with a lawsuit. James Baranello and Joseph Siringo had joined Gallagher from USI Insurance Services in 2021. Earlier this…...

10+ hour, 14+ min ago  (157+ words) Increased competition among reinsurers was particularly strong in the United States, where cedents saw "healthy double-digit rate reductions," Aon said in its report. Guy Carpenter & Co. said property reinsurance rates fell by double digits for cedents without losses. The brokerage's…...

12+ hour, 50+ min ago  (301+ words) (Reuters) " Data analytics firm Verisk said on Monday it had pulled the plug on its planned $2.35 billion acquisition of roofing software maker AccuLynx, pinning the termination on a regulatory review delay. Verisk said the decision follows a notification from the…...