Matthew Lerner
Business Insurance
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Past articles by Matthew:
Hub acquires Louisiana broker
Hub International Ltd. said Thursday it has acquired Dwight W. Andrus Insurance Inc., Dwight Andrus & Richard Insurance Inc., and DAI Shreve LLC, known as Dwight Andrus Insurance. → Read More
Architects and engineers professional liability market up in 2022
The architects and engineers professional liability insurance market continued to see healthy growth in 2022 but fresh challenges face the sector this year, according to a report Wednesday from specialty broker Ames & Gough. → Read More
California-based broker extends footprint to Hawaii
Broker Alkeme Holding LLC on Thursday said it has acquired ACW Group LLC. → Read More
Interest in insurtech expected to hold despite sharp fall in investments
Global insurtech investment fell 57% in the fourth quarter of 2022, compared with the prior quarter, but smaller declines in early round funding signal continued interest in the sector. → Read More
Axis recruits exec from program manager
Axis Capital Holdings Ltd. on Tuesday said former Macquarie Group executive Gabriel Galanski has joined Axis as head of North America property and casualty programs. → Read More
Florida introduces measures to cut down on ‘frivolous’ lawsuits
Florida Gov. Ron DeSantis, Senate President Kathleen Passidomo and House Speaker Paul Renner Wednesday introduced legislation they said would decrease "frivolous" lawsuits and prevent “predatory” practices of trial attorneys. → Read More
Hylant Family Foundation commits $1M to Butler University
The Hylant Family Foundation said Monday it has committed $1 million to Butler University to support students in the Davey Risk Management and Insurance program in a new partnership with the Andre B. Lacy School of Business. → Read More
Liberty Mutual hires middle-market executive from CNA Financial
Liberty Mutual Insurance Co. on Thursday named former CNA Financial Corp. executive Dieter Korte to the newly created position of Global Risk Solutions North America chief underwriting officer, middle market. → Read More
AssuredPartners buys Michigan broker
AssuredPartners Inc. said Tuesday it has acquired Lakeside Insurance Agency of Clinton Township, Michigan. → Read More
Ascot names Jonathan Zaffino group president, CEO
Ascot Group Ltd. on Monday named Jonathan Zaffino as group president and CEO following the retirement of Andrew Brooks, who will continue to serve as a director on Ascot’s board. → Read More
Aon’s fourth-quarter revenue up, profit down
Aon Plc Friday reported fourth-quarter revenue rose 2% to $3.13 billion, and organic revenue growth for the quarter was 5%. → Read More
Allianz hires financial lines executive from Chubb
Allianz Global Corporate & Specialty on Thursday said former Chubb Ltd. executive Jarrod Schlesinger has been appointed regional head of financial lines in North America, effective Feb. 13, 2023. → Read More
Chubb fourth-quarter profit down sharply
Chubb Ltd. reported fourth-quarter net income of $1.31 billion, down 38.7% from the year-earlier period, as results were hurt by net realized losses of $363 million after-tax, principally due to the mark-to-market impact on private equities, the insurer said in its earnings statement released Tuesday after markets closed. → Read More
RSC acquires South Florida agency
Specialty brokerage RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Thursday it has acquired independent agent Tanenbaum-Harber of Florida LLC. → Read More
Newfront hires more executives from Marsh
Newfront Insurance Inc. on Tuesday said it had snared three further executives from Marsh LLC, naming Wendy Cook head of insurance placement, Frannie Epps head of casualty and Lauren Pratscher head of casualty placement. → Read More
McGriff hires from Marsh for commercial sales leader role
McGriff Insurance Services LLC on Monday said it has named former Marsh LLC executive Walter Viteri as a senior vice president and commercial sales leader for McGriff’s South Florida region, a newly created position. → Read More
Brown & Brown hires Liberty Mutual exec
Brown & Brown Inc. on Monday said it has named former Liberty Mutual Insurance Co. executive Frank Castellano executive vice president and San Antonio practice leader. → Read More
Applied Surety hires execs from Crum & Forster
Applied Surety Underwriters Inc. on Thursday said it has named former Crum & Forster Insurance Agency Inc. executives Alfred N. Wright as senior vice president and Ronald B. Diggs Jr. as chief underwriting officer. → Read More
Truist’s net income increases 5.6% in Q4
Truist Financial Corp. on Thursday reported fourth-quarter net income of $1.61 billion, up 5.6% from the fourth quarter of 2021. → Read More
Wholesaler buys New York-based MGU
Wholesaler Socius Insurance Services Inc. on Wednesday said it has acquired managing general underwriter Kelly Underwriting Services LLC. → Read More