David Presley, J.D.

In a recent article from Insurance Business Review, Euclid Transactional's Chief Underwriting Officer Shawn O'Neill highlighted the value and importance of partnering with an experienced team of underwriters who can successfully mitigate unforeseen issues and navigate risk in M&A transactions. Euclid Transactional continues to be the industry leader in this area, having bound over 6,800 policies and facilitated over $825 million in claim payments. Read the full article here: https://lnkd.in/eqf3jw9k #InsuranceBusinessReview #FinancialServicesReview #Insurance #ReInsurance #Underwriting #Claims 

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AM Best reported today in an on-line market report that captive insurers (CIC - captive insurance composites) regularly outperform commercial carriers (CCC - commercial casualty composites). Risk Retention Groups (RRGs), which are enabled under federal law, are comparably competitive with the CCC. The hardening commercial insurance market continues to drive a variety of businesses to captive insurance solutions. If your business (or your clients) are suffering from over-exposed risks, rising commercial premiums, and reduced coverages, please contact AllianceCaptiveMgt and Tim Luby Harry Tipper James M..

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The latest report from Chubb highlights an alarming trend for US corporations: a big jump in liability losses. The 2024 Liability Limit Benchmark & Large Loss Profile by Industry Sector 2024 shows a 273% increase in large verdicts against corporate defendants from 2020 to 2022. Unfortunately many companies continue to underestimate their liability insurance needs and could expose themselves to severe financial and brand damage. Read more from Insurance Business America: https://lnkd.in/gREjXbwE #IndustryNews #Insurance 

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Alliance Captive Management LLC -- www.alliancecaptivemgt.com -- a Tennessee-domiciled captive insurance company manager and owner that also has operations in Kentucky, is proud to announce its successful establishment of a specialized association captive in partnership with Medical Health Alliance, a national not-for-profit association representing medical health spas across the country. This strategic collaboration aims to provide tailored insurance solutions that meet the unique needs of businesses within the burgeoning medical health spa industry. As the medical health spa sector continues to expand, driven by increasing consumer interest in wellness and aesthetic services, businesses face a variety of complex risks, including regulatory challenges, professional liability, and cybersecurity threats. Recognizing the need for a more focused approach to risk management, Alliance Captive Management and Medical Health Alliance have joined forces to develop an innovative insurance program designed specifically for this industry. "We are excited to collaborate with Medical Health Alliance in bringing this specialized insurance solution to the medical health spa industry," said Tim Luby, CEO of Alliance Captive Management. "This partnership allows us to empower business owners by providing them with the tools and resources they need to effectively manage their risks." The formation of this association captive marks a significant milestone in the mission of both Alliance Captive Management and Medical Health Alliance to support the growth and sustainability of the medical health spa industry. For more information about Alliance Captive Management and its partnership with Medical Health Alliance, please visit www.alliancecaptivemgt.com or contact Tim Luby at 386-527-8200 or [email protected]. For inquiries about membership into Medspa Health Alliance Association, contact Ben Gregg at 888-317-4689 or [email protected]. Harry Tipper Jason Byers James M.

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RESULTS: Axis Capital’s consolidated second quarter underwriting gain grew by 9 percent to $161mn, driven by a 35 percent increase in reinsurance underwriting profits to $46mn, while the insurance unit’s gain ticked up about 1 percent to $116mn... https://lnkd.in/ejTbaCZu AXIS (AXIS Capital) #Insurance #Reinsurance #Bermuda #Property #Casualty #insurancenews #reinsurancenews

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In a recent interview with Risk & Insurance, Lauren Finnis, Head of Commercial Lines (North America), discusses the integration of AI in the insurance industry, the management of novel risks and the future of commercial insurance. #AI #InsuranceIndustry #InsuranceInnovation #RiskManagement #CommercialInsurance https://ow.ly/ZmVm50RC7u5

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We've learned that Hannover Re is assessing its risk management need in relation to the K-Cessions quota share sidecar for the second year running and we’re told other major reinsurers may also pursue this approach, as companies manage their portfolios and are motivated to retain profitable risks.

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