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Aon, the insurance and reinsurance broking and professional services firm, has confirmed that it is set to acquire USI Insurance Services for a purchase price of $17 billion, as it looks to further advance its middle-market platform in the United States. Aon said the acquisition of USI will build on its integration of NFP, after…
Aon is reportedly on the verge of another significant acquisition, as the Wall Street Journal reported on Sunday that the company is close to finalising a deal to acquire USI Insurance Services (USI) said to be worth around $17 billion. The Wall Street Journal said that people familiar with the deal had suggested an announcement…
China Reinsurance (Group) Corporation (China Re) has released its unaudited results for the first half of 2026, reporting net income of RMB 2,313 million from its property and casualty subsidiary, reflecting a slight 1.1% decrease from RMB 2,338 million in the same period last year. China Property and Casualty Reinsurance Company Ltd. (China Re P&C)…
SCOR Business Solutions, the large corporate risk insurance arm of global reinsurer SCOR, has announced a number of appointments across its Energy team. Pierre-Louis Migairou has been appointed Global Line Head, Energy. He has been at SCOR since 2012 and has built extensive international experience across the Energy sector, most recently leading the firm’s Energy…
The insurance-linked securities (ILS) market grew to $144.5 billion as of the end of June 2026, which re/insurance broking group Aon says represents an annual growth rate of 8.4% over the past five years, ensuring ILS has become a source of “foundational reinsurance capital.” Aon Securities’ 20th and latest ILS market report analyses sector activity…
Barbados-based reinsurer Active Capital Reinsurance, Ltd. (Active Re) has joined BIBA, the private-sector trade organisation representing over 130 firms engaged in global business in Barbados, as a member, reinforcing its commitment to participate in industry dialogue on regulation, market development, and the international business environment. Active Re emphasises that the move reinforces its commitment to…
Hippo, a technology-native insurance group, has expanded its homeowners insurance programme to a further 14 states through national distribution partners, meaning the programme will service 22 states starting in the fourth quarter, a steep hike from the previous eight. The Hippo Homeowners Insurance Program will expand to homeowners beyond the newly built home channel in…
Tokio Marine HCC International (TMHCCI), a member of Tokio Marine HCC (TMHCC), has entered into a definitive agreement to acquire Direct Commercial Limited (DCL), a specialist UK commercial motor managing general agent (MGA), and its sister company, Direct Commercial Premium Finance Limited. DCL is headquartered in Chelmsford, Essex, and is one of the UK market’s…
CNA Insurance, a U.S. commercial property and casualty insurance company, has promoted Claire Louko to Senior Vice President, North America Reinsurance. Based in Chicago, Illinois, Louko will be responsible for the teams managing reinsurance services, claims, operations, contracts and the firm’s corporate insurance programmes, in addition to her current responsibilities for ceded reinsurance placement. She…
The US fronting insurance sector continued to outpace the broader commercial insurance market in 2025, growing 17% to exceed $22 billion in gross written premiums, according to Conning’s 2026 Fronting Sector Confronts a Softening Market report. While growth slowed from 26% in 2024, the sector still substantially surpassed the total commercial lines industry’s 5% expansion….