by lpiccitto | Sep 4, 2025 | Uncategorized
The U.S. asked a federal court to force Southern California Edison to pay for fighting a pair of wildfires that were believed to have originated from its power lines, including the Eaton Fire in January in Los Angeles County that …				
					
			
					
				
															
					
					 by lpiccitto | Sep 4, 2025 | Uncategorized
The Gulf Coast has avoided any major tropical storms so far this hurricane season, but the Gulf’s luck could soon change, AccuWeather hurricane experts say. Water temperatures in the Gulf are exceptionally warm, creating conditions for rapid intensification of storms....				
					
			
					
				
															
					
					 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...