by lpiccitto | Sep 4, 2025 | Uncategorized
Steadfast Group has announced its acquisition of a majority stake in US-based specialty managing general agency and wholesale brokerage, Novum Underwriting Partners LLC. Founded in 2019 and based in Ohio, the business is underpinned by a proprietary technology...
by lpiccitto | Sep 4, 2025 | Uncategorized
Lloyd’s first half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1 2024, which was driven primarily by claims from January’s California wildfires. The market’s combined ratio rose to 92.5% (compared with...
by lpiccitto | Sep 4, 2025 | Uncategorized
Gallagher Re Agrees to Buy Steadfast Re in Australia Gallagher Re, the global reinsurance broker and subsidiary of Arthur J. Gallagher, has signed an agreement to acquire Steadfast Re Pty Ltd., a Sydney-based reinsurance broking firm. Terms of the deal …
by lpiccitto | Sep 4, 2025 | Uncategorized
Allianz Commercial, with U.S. headquarters in New York City, named Mary Ann Stewart as regional head of liability, North America, effective September 22. Based in Chicago, Stewart will be responsible for the strategic direction and management of Allianz Commercial’s...
by lpiccitto | Sep 4, 2025 | Uncategorized
The Texas House gaveled out of the second special session late Wednesday, leaving behind Senate Bill 6, which would have broadly banned consumable hemp products with any “detectable amount of any cannabinoid.” Only those with cannabidiol or cannabigerol, which are...
by lpiccitto | Sep 4, 2025 | Uncategorized
Several wildfires were burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The fires were started by numerous lightning strikes that hit California this week. Dubbed the TCU September Lightning...
