Liberty Mutual Reinsurance’s Post

It's always so satisfying to see a new issue launched! Here's Insurance Times' October 2024 issue - happy reading! #UKGI #insurance #insuranceindustry #insurancenews #b2b #broker #brokers #insurer #insurers #MGA #MGAs #newissue #magazine #edition

CHES Underwriters had a fantastic time at the Insurance Brokers Association of Alberta Convention, connecting with brokers and sharing insights at our booth! To all the brokers who stopped by, thank you for the valuable conversations. For inquiries and quotes, reach out to us at info@CHESspecialrisk.ca. Let's navigate risk together! 🌟 #CHESUnderwriters #IBAAConvention #InsuranceExperts #RiskManagement

Insurance Times' April 2024 issue is now live - take a look today to catch up on the biggest industry interviews, detailed analysis of hot topics and thought leadership columns. #UKGI #newissue #April #insurance #magazine #brokers #insurers

Some uplifting news in the property catastrophe reinsurance market! Recent reports indicate that the market has balanced out, with increased capacity and more consistent terms. Primary insurers have been able to secure more coverage, and pricing has remained stable overall. There still remains to be complex challenges in the market place. If you are effected and in a wild fire area or have a high claims frequency causing insurance headaches our team at MarshMMA can help! #ReinsuranceMarket #PropertyCatastrophe #InsuranceIndustry

The "lowest" of the top broker CEO compensation is $9.7M and the high at $31.63M to Aon's CEO, Christa Davies. These compare to top carrier CEO's; Chubb - $28M, AIG - $24.6M, State Farm - $24.5M, Travelers - $22.7M. Interesting comparison noting an imbalance between top line revenue and bottom line underwriting focus that brokers and carriers inherently have.

In the recent AM Best video interview, Jamil R. Elbahou, our Group CEO, shared valuable insights with Richard Bank. During their engaging discussion, he highlighted the unique advantages that Managing General Agents (MGAs) bring to the insurance industry and provided his perspective on the current and future state of the reinsurance market. #Reinsurance #RVS2024 #InsuranceIndustry #InsuranceProfessionals #InsuranceInnovation #IndustryLeadersMGA #MGAInnovation #MGALeaders #InsuranceMGA #ReinsuranceMarket #RiskManagement #ReinsuranceSolutions

Client retention is directly related to the claims experience. Client retention is directly related to the claims experience. Client retention is directly related to the claims experience. I will never stop preaching this to our adjusters. If our client's insureds are happy and their claim is handled properly, it will have a direct impact on that customer staying with the client. This is such a foundational concept that ALL adjusters need to have engrained into their claim-handling DNA!!!

⏩ In today's fast-paced E&S Casualty market, both insurers and brokers alike are faced with new challenges as they try to deliver solutions and keep up with the increased demand.   ⏩ Jason Conkin, EVP E&S Casualty, sat down with Insurance Insider US at the WSIA (Wholesale & Specialty Insurance Association) Annual Marketplace to dive into the state of the market and weigh in on how insurers can thrive in this dynamic environment while also helping to ease the strain that the high demand places on brokers. Specifically, he'll give his perspective on why an emphasis on carrier responsiveness and relationship building is key.   ⏩ Click here to watch the full video and get more of Jason's expert insights: https://lnkd.in/ev2CUPaG

🚀 Become an Underwriting Trailblazer 🚀 In a challenging risk landscape, P&C insurers must evolve their underwriting strategies. Our latest report reveals: 🔍 Challenges across the underwriting value chain due to static practices. 💡 Unlock transformation with our intelligent underwriting playbook. 🌟 Top insurers driving efficiency, accuracy, and enhanced experiences. Download now to lead the transformation: https://lnkd.in/dGf4uWte Avirup Mukherjee René Damgaard Saumitra Srivastava #Underwriting #Insurance #Transformation #Trailblazers

While there’s a slight dip in new formations at Marsh Captive Solutions, overall captive numbers and premium under management continue to tick upwards at the world’s largest captive manager Get a detailed breakdown of Marsh's captive figures here https://lnkd.in/eiwJTdfX #captiveinsurance #insurance #riskmanagement