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M&A

Howard Hughes to buy Vantage for $2.1bn

The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
  • The downstream market has suffered a string of costly claims this year.
  • Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
Latest News
Latest news
A roundup of all the news you need, including the Mississippi downstream claim worth $200mn.
Justin Camara was EVP and portfolio director for financial and professional liability.
Andrew Ealey joined Canopius in 2010 as a property treaty underwriter.
Several of Henrietta Butcher’s former Tysers colleagues have also moved to Lockton Re.
Featured and most read

Featured and most read

Featured

M&A year in review: Lloyd’s activity ramps up, PE-backed broker sales slow

Transactions reveal the attractiveness of the "underwriting plus" business model.
Analysis
Analysis
Nearly one-third of 2025’s talent movement was recorded in Q3.
As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
PE, more alignment and tech are uncoupling MGAs from traditional market swings.
A look back at the year in (re)insurance, with the aid of some of our visual journalism.
Interviews
Interviews
The data available can “help to inform” a carrier’s strategy in the open market.
The syndicate will be managed by Polo Managing Agency.
The CEO conceded some might see Swiss Re’s dividend targets for 2026 as “underwhelming”.
One critical sticking point for Lloyd’s is the true alignment of interest with the market.
Behind the Headlines

Behind the Headlines is a fortnightly podcast hosted by Insurance Insider's senior reporter Sam Casey.

Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.

IoA
Insider on Air
In Partnership with AXIS
Michael McKenna, Head of North America Specialty Insurance, AXIS, outlines the key trends shaping the industry as 2025 comes to a close and underscores that talent acquisition and rapid technology integration will be critical for specialty insurance in 2026.
In Partnership with AXIS
Looking ahead to 2026, Michael Silas, Head of Global Credit, AXIS, sees mildly positive global growth driven by tech and infrastructure, but says credit sentiment remains cautious and reinsurers must still price to long‑term tail risk.
In Partnership with Apollo
With real-time data and analytical tools giving underwriters a clear view of pricing adequacy, mix and attachment points, and allowing faster corrective action when rates fall below acceptable thresholds, insurers are shifting into a new paradigm for soft markets, said James Slaughter, Group CUO, Apollo, during an interview at the Insurance Insider’s London Market Conference.
In Partnership with Fidelis Partnership
Insurers can turn the global energy transition into both a commercial opportunity and a force for societal good, said Charlie Heathcote, Head of Sustainability, the Fidelis Partnership, during an interview at the Insurance Insider’s London Market Conference
In Partnership with Recorder
Allowing insurers to receive real-time data from MGAs could eliminate the need for monthly bordereaux reporting, said Matt Hicks, Co-founder, Recorder, during an interview at the Insurance Insider’s London Market Conference.
In Partnership with AXIS
Being able to make use of innovative AI features relies on having structured, organised and logical data.
AI and precise data can enable insurers to innovate policy durations, from annual to transaction-specific, offering more tailored coverage options, said Christina Lucas, Global Market Leader, Insurance, Google Cloud, during an interview at the PwC Insurance Summit.
Pushing 1 January renewals late in the season can undermine outcomes, said Maamoun Rajeh, President, Arch Capital Group. During an interview at the PwC Insurance Summit, Rajeh called for a bifurcated market approach combining strategic partnerships and a collaborative price discovery process months before renewals.
During an interview at the PwC Insurance Summit, SiriusPoint CEO Scott Egan highlighted the danger of pricing cycles. As pressure mounts after a quiet cat quarter, he urged reinsurers not to create pricing cycles by chasing volume at the expense of long-term industry attractiveness and risk adequacy.
In Partnership With PwC
PwC Partner Matt Britten predicts a wave of dealmaking in 2026, driven by diversified third-party capital from hedge funds, private equity and more. With reinsurers seeking growth and new asset classes emerging, the market is set for increased activity and innovation, he said during an interview at PwC's Insurance Summit.
Conferences & awards
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Business Club Spring 2026

April 22 2026
New York
Invite only

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New York Conference 2026 | Add to calendar

April 23 2026
Convene, 101 Park Avenue, New York

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Business Club Summer 2026

May 2026
London
Invite only

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ILS Connect 2026 | Add to calendar

10 June 2026
London Marriott, Grosvenor Square

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ILS Awards 2026 | Add to calendar

10 June 2026
London Marriott, Grosvenor Square

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Insurance Insider Honours 2026

2 September 2026
London

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Insurance Insider US Honors 2026 | Add to calendar

September 30 2026
Ziegfeld Ballroom, New York

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Business Club Fall 2026

October 2026
New York
Invite only

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London Market Conference 2026

November 2026
London

Upcoming webinars
From our other titles

From our other titles

From Insurance Insider US

Consolidation in 2026: No one wants to be the last one on the dance floor

MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
From Insurance Insider ILS

Review of the year 2025: ILS moves up another gear

A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
From Insurance Insider US

Chubb-AIG: The unthinkable becomes thinkable

Inflation indices fell in April, but some items related to P&C are still elevated.
From Insurance Insider ILS

Cat bond market prices $1.6bn of limit in mid-December

The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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