Latest Middle Market Headlines

All the headlines from our Middle Market Topic Page, ordered by recency.

People Moves: Zurich Names Bernard Head of Industry Practices for US Middle Market; FM Promotes Hodge to COO

Nov 15 2024 // Zurich North America, headquartered in Schaumburg, Illinois, promoted Stan Bernard to head of industry practices for U.S. Middle Market.Bernard succeeds Lynn Zeitler, who is retiring in December after 31 years with Zurich....

People Moves: Melvin Names CEO of BMS Re US; Rawal Joins AXA XL as CUO Middle Market, Canada; QBE Canada Hires Fenn as Multinational Underwriting Manager

Sep 10 2024 // Melvin Appointed President and CEO, BMS Re, USBMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS Re, U.S.,...

People Moves: WCF Insurance Promotes Houting to SVP of Middle Market; Ushur Names Price CRO

Aug 1 2024 // WCF Insurance Promotes Houting to SVP of Middle MarketWCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice president of middle market. Houting leads growth and expansion of WCF’s middle...

People Moves: AXA XL Appoints Madigan CUO for Mid-Market Environmental; Edsall Joins Tara Hill as SVP

Jul 12 2024 // AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business for the middle market.Madigan joined AXA XL’s...

QBE to Non-Renew $500M of North American Mid-Market Biz

Jun 19 2024 // QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale.Three core businesses...

Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns

Jun 17 2024 // Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled by factors such as AI, climate change, nuclear verdicts and political...

Markets/Coverages: Sompo Offers Tech Insurance Cover for UK Middle Market Clients

Jun 5 2024 // Sompo announced the launch of a new technology insurance product for middle market clients in the United Kingdom.The package includes coverages comprising property, casualty, professional indemnity (PI) and cyber. Excess...

Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns

May 30 2024 // Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled by factors such as AI, climate change, nuclear verdicts and political...

Aon Completes $13B Acquisition of Middle-Market Broker NFP

Apr 26 2024 // Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP.The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. Closing was earlier than...

Middle-Market Companies Post Record Gains: Chubb

Apr 15 2024 // Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb.A record 77% of companies reported performance improvement in the last six...

Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage

Apr 4 2024 // AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections.The XL...

Chubb: Middle Market Companies Post Record Gains

Mar 26 2024 // Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb.A record 77% of companies reported performance improvement in the last six...

Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says

Dec 22 2023 // A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were...

Aon to Buy Middle-Market Broker NFP for $13.4 Billion

Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment.The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...

Chubb Survey of Middle-Market Brokers Finds Lack of Awareness of Flood Risk

Nov 29 2023 // Though the risk of flooding is undeniable, a survey by Chubb of brokers with middle-market commercial clients revealed just 16% of them say more than half their clients buy flood insurance.Furthermore, 65% of the more than...

Summit: How Cannabis Brokers Can Get SMB Clients Better Insurance

Oct 13 2023 // Big multistate operators often get the bend-over-backward treatment from all service providers, but what are insurance brokers looking to get the same treatment for their small-to-midsize client to do?It turns out,...

Middle-Market Companies Report Performance Improvements

Oct 10 2023 // New data from Chubb and the National Center for the Middle Market shows nearly 75% of middle-market companies report an improvement in overall performance compared to last year — a record high statistic shared in the...

People Moves: Talkowski to Lead Nationwide Middle Market Commercial Lines Team; Showalter New Head of Client Experience at Hub Private Client

Oct 4 2023 // Nationwide has hired Kristina Talkowski from CNA to head up its middle market commercial lines business. Starting Oct. 16, she will be tasked with executing Nationwide’s long-term commercial lines insurance strategy...

SMBC Aviation Receives Cash Insurance Settlement Over Jets Stranded in Russia

Oct 3 2023 // Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for its jets previously leased to Russia’s state-owned airline Aeroflot.The lessor under...

People Moves: AXA XL Promotes Lebas to Head of Mid-Market, APAC & Europe; AgriSompo Int’l Taps EMC Re’s Smith as SVP International Operations Deputy

Sep 14 2023 // This edition of International People Moves details appointments at AXA XL and Sompo International’s AgriSompo.A summary of these new hires follows here. AXA XL Promotes Lebas to Head of Mid-Market, APAC &...