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John Shutt

Latest From John Shutt

Industry’s A&E reserves decline along with incurred losses

Industry loss reserves have decreased for more than a decade as incurred losses have been outpaced by loss payments

United States Losses

Guy Carp to acquire remaining stake in Greek joint venture

Carpenter Turner will be rebranded as Guy Carpenter Greece

Greece Broker

Four Californians arrested over alleged insurance fraud using bear costume

Men accused of staging fake bear attacks on three high-end vehicles

United States Property

Progressive posts $300m in losses from Helene and Milton

Two-thirds of the losses from October hurricanes were in US group's motor insurance operation

United States Hurricane Season

Marsh McLennan closes $7.75bn acquisition of McGriff

Acquisition expands the group’s Marsh McLennan Agency unit

United States Mergers and Acquisitions

TWIA projects 43% increase in 2025 reinsurance purchase

State's last-resort coastal wind and hail insurer raises its 100-year probable maximum loss to $7.8bn 

United States Property
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