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Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
The global insurer will pick up a $650mn portfolio of US casualty business.
AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
The carrier is consolidating its venture capital activity into asset manager MEAG.
This publication revealed the move earlier this year.
The Australian broker, which owns Tysers, announced a trading pause.
The move comes as Michael Creighton is made credit and political-risk director for Africa.
The storm could bring flooding to Jamaica, Cuba and Haiti.
Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
APIP is one of the world’s largest property programs.
The London MGA is considering various options, including a minority investor.
The carrier recently expanded its reinsurance product suite in Bermuda.
The number of syndicates traded at auction was the highest for a decade.
Plus, the latest people moves and all the top news of the week.
The range allows “for information that could emerge beyond what is known today”.
Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
The EUR100mn+ Ebitda firm is courting both PE and trade suitors.
Beazley is one of the key leaders in the London marine marketplace.
The company and its main debt provider Ares agreed to relax its debt terms in April.
The carrier is looking to achieve sustainable growth across its personal lines business.
Lloyd’s investment vehicles have been shelved in past years but a strong run of returns is creating interest.
Property pricing fell by 8%, while casualty rate increases tapered to 3%.
The financial services growth strategy could be “turbo-charged” by involving brokers, it said.
AWS suffered a large-scale service disruption originating in northern Virginia.
The Jay Rittberg-led program manager kicked off a strategic process in August.
Competitor news
Competitor news
Competitor news
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Ben Hanback joins from Aon, where he spent almost a decade. -
Part five in our series looks at how AI can empower brokers to add value as well as speed.
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As two working member vacancies are arising on the Council, a ballot will be held.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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In Partnership with Swiss ReThe global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
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In Partnership with Swiss ReAhead of the upcoming Baden-Baden Reinsurance Meeting, top of mind for many are climate, economy and geopolitics, says Nikhil da Victoria Lobo, Head of P and C Reinsurance for Western and Southern Europe and Middle East and Africa for Swiss Re.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
From our other titles
From our other titles
From our other titles
From Insurance Insider US
‘We’re holding ourselves accountable’: CA insurance commissioner Lara
California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
From Insurance Insider US
Claims frequency in physicians medmal starting to creep up: Doctors president
Despite tort reform, physicians’ insurers are struggling with the same loss inflation challenges as other liability peers.
From Insurance Insider
CNA Hardy names Booth head of specialty as Berman departs
Ariel Berman joined the company as head of specialty in 2023.
From Insurance Insider US
Ascendex launches with plans for 5-7 programs in two years
Altamont Capital MD Sam Gaynor said the goal is to have fewer programs that can each grow to a significant size.
From Insurance Insider ILS
Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
From Insurance Insider
Property cat aggregate placement grew 50% in 2025: Aon
Supply for property outstrips demand, but the casualty market is “bifurcated”.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.