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Global insurance market in 2023
Published on July 26, 2024
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The Hartford reports 35% rise in Q2’24 net income
July 26, 2024
Property and casualty (P&C) insurer The Hartford has reported a 35% year-on-year increase in net income to $733 million for the second quarter of 2024, driven by a higher underwriting gain in P&C, stronger net investment income, and an improved Group Benefits loss ratio.Alongside the rise in net income, the insurer’s core earnings increased by 28% to $750 million, with a solid performance across t
Ryan Specialty and Private Client Select launch excess & surplus lines distribution partnership
July 26, 2024
Private Client Select Insurance Services LLC (PCS), an independent Managing General Underwriter mainly owned by American International Group, Inc. (AIG) and Stone Point Capital LLC, has revealed a new partnership with Ryan Specialty.In this partnership, Ryan Specialty will exclusively serve as the wholesale broker for PCS in the High and Ultra-High-Net-Worth markets across the United States.The ex
