Acrisure

Lloyd’s investment vehicles have been shelved in past years but a strong run of returns is creating interest.

Joel Hodges will run the international business as managing director.

The aviation market has experienced a run of large losses this year.

The MGA has been through a remedial exercise under Acrisure’s ownership.

Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team.

Peter Montanaro retired from his role as market oversight director at Lloyd’s in May.

Last week, TSR updated its forecast and is now predicting above-average storm activity.

The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.

The broker said that businesses not investing in AI capabilities would be left behind.

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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.

The MGA will be trying to replace the transactional liability capacity in the coming weeks.

The business is targeting an enterprise value in excess of $30bn, sources said.

This publication revealed on Friday that Reith was joining the firm, having departed from Helios in June.

The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.

Tom Quy will report to Simon Hedley, global CEO of Acrisure Re.

Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.

The broker has also worked in underwriting roles at XL Re and TransRe.

The new wholesale broking team will begin with professional liability, Acrisure said.

The pair have decades of London and international market experience.

Wicks’ broking career spanned 48 years.

The six execs left Acrisure for rival broker Woodruff Sawyer in March.

He joins from Howden Tiger, where he was the international head of analytics.

As the curtain comes down on the millionth Monte Carlo Rendez-Vous, and the prices in the cafes and restaurants are presumably reset to their customary levels, the conference has again done its main job.

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Modus will continue to operate under its existing brand and management team and become part of Acrisure UK MGA, under the terms of the acquisition.

The (re)insurer also appointed Thomas Deane as head of investment banking.

The company will operate under a single brand as it moves away from its prior reputation as broking’s arch decentralizer.

Unilink is the largest broker in the region, with 1,300 staff providing a range of life and non-life products.

Jennifer D’Arcy will be responsible for building out the carrier’s fac strategy for North America from London.

The appointment of Chris Jones comes amid wider staff movement among Ardonagh’s intermediary firms, as the group consolidates its array of brands.

The executive spent 19 years as head of Willis Germany and Austria.

Affinity will maintain its current brand and management team.

The appointments come after a slew of acquisitions, with many executives from acquired entities taking senior roles.

Boyd joins from Allianz Risk Transfer, where he spent nearly 14 years, most recently as CUO.

The company, valued at $23bn in May, intends to use the facility to fund future acquisitions and related fees and expenses.

Acrisure’s Flux syndicate will be a test case for a broker’s presence at Lloyd’s, one which rivals will watch closely.

The scheme aims to fill the gap left when private sector carriers exited the market following the Grenfell disaster.

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The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium.

The executive was responsible for all types of legacy transactions, from structured adverse development cover to LPTs.

The new recruit joins from Guy Carpenter and has worked at JLT Re and Willis Re.

The property reinsurance underwriter had joined Axis Re’s London team three years ago.

The existing Russell Scanlan management team will continue to run the business.

The anticipated funding round is perceived as a steppingstone towards public listing.

In an interview with this publication, the executive said the broker will consider M&A in its bid to expand.

The MGA was launched in 2017 and wrote $350mn of premium in 2021, the same year it announced the approval for a Lloyd’s syndicate.

Acrisure Re brokered the deal.

The deal follows Acrisure’s recent purchase of Brazil's It’sSeg and adds another European market to its operations.

Li has twenty years of modelling experience and previously worked at Guy Carpenter.

Michael Fitzgerald has also been promoted to head of the firm’s North Carolina office.

The move follows another recent energy-related departure from Willis, with news that McGill and Partners had hired former upstream energy broker Ian Elwell.

The company confirmed its hire of Ian Wicks and announced Simon Arnott as a Bermuda executive.

It’sSeg is Brazil’s largest independent benefit management firm with over 1,000 corporate clients.

Cameron Shire’s move comes during a period of significant expansion for Acrisure, which has made several hires in recent months.

Nick Godfrey has been made head of capital markets, Jonathan Zisaruk head of legacy, Lauren Johnson president of corporate advisory and solutions, and Nick Triggs a non-executive board member.

The former Willis Western Europe fac head will take over the unit currently run by Matthew Harvey.

The broker’s cyber practice leader Tom Quy will lead the initiative.

The acquisitive broker has recently expanded across Continental Europe with a string of deals.

The intermediary has made its second Continental European acquisition as it looks to expand.