Matthew Lerner

1 week ago | businessinsurance.com | Matthew Lerner

Resilience Cyber Insurance Solutions Inc. Monday promoted Maria Long to chief underwriting officer. Based in New York and reporting directly to George Kotsiopoulos, president of insurance, she will oversee all aspects of underwriting for Resilience, the insurer said in a statement. Ms. Long was most recently deputy chief underwriting officer for Resilience. She succeeds Killian Brady, who left Resilience in March, according to an email from a company spokesperson.

1 week ago | businessinsurance.com | Matthew Lerner

Transatlantic Underwriters Inc. Monday announced the launch of a new property/casualty division and named former Coastal Brokers Insurance Services executive Bernadette Flores as senior vice president of property and casualty. The new division includes six lines of business: commercial general and excess liability; commercial property; inland marine; builders risk; and garage, TUA said in a statement. Ms. Flores was most recently a senior underwriter with Coastal.

2 weeks ago | businessinsurance.com | Matthew Lerner

There were 127 announced broker merger and acquisition transactions in the U.S. through March 31, 2025, up 11.4% compared with the 114 transactions announced through this time last year, according to a report Wednesday from consultants MarshBerry Inc. Private capital-backed buyers accounted for 86 of the 127 transactions, or 68%, in 2025, while independent agencies were buyers in 28 deals, or 22% of the market.

2 weeks ago | businessinsurance.com | Matthew Lerner

The real estate and hospitality property insurance marketplace has “improved” for most insureds with a general easing of rates while the casualty market is “more difficult,” according to a report Wednesday from Arthur J. Gallagher & Co.Property prices remain elevated compared to pre-2023 levels, however, the report said.

2 weeks ago | businessinsurance.com | Matthew Lerner

Marsh LLC Wednesday announced the launch of CyberShore Bermuda, an excess cyber insurance facility for Marsh clients. CyberShore Bermuda provides up to $30 million in follow-form excess capacity attaching anywhere above $75 million, Marsh said in a statement. Clients also have the option to purchase affirmative coverage for fines and penalties. The facility allows the lead insurer to control claims handling.