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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?
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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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How does Lloyd’s plan to secure its future as a leading global marketplace?
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What’s next for the reinsurance market as Monte Carlo approaches?
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In partnership with M&A ServicesJoin Insurance Insider, in partnership with M&A Services, for a free webinar 10:30 EDT/15:30 BST on Sept. 24
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What happens when a global broker network decides to fill a gap in the London market itself?
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In Partnership With MarkelJoin Insurance Insider for a free webinar, in partnership with Markel, 10:30 EST/ 15:30 GMT, Nov 5
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In Partnership With VeriskJoin Insurance Insider, in partnership with Verisk, for a free webinar at 10:30 EDT/15:30 BST on 29 September
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What does it take to turn a family-run insurance group into a global powerhouse?
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In Partnership with Moody'sJoin Insurance Insider, in partnership with Moody’s, for a free webinar at 10:30 EDT/15:30 BST on 30 September
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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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Is the ransomware threat really getting worse – or just more visible?
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Is the huge growth experienced by the MGA sector run out of steam?
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What’s next for Conduit Re’s strategy following a leadership shake-up?
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Are intermediaries facing tougher times as the broking supercycle winds down?
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What does it take to stay profitable as the insurance cycle shifts — and why is leadership diversity still lagging in the London market?
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In Partnership With AXISJoin us for a free webinar, 10:30 ET/ 15:30 BST on Aug 19, hosted by Insurance Insider and AXIS to explore how the insurance industry is adapting to these challenges.
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In Partnership With QlikJoin Insurance Insider, in partnership with Qlik, for a free webinar, 10:30 EDT/15:30 BST on July 24, as we explore the next frontier of AI in insurance.
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In Partnership With GuidewireJoin Insurance Insider for a free webinar, offered in partnership with Guidewire Software, 10:30 EDT/15:30 BST on Aug 14.
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In Partnership With MarkelPrivate equity investors may not have the same timeline as the multi-year construction projects they’ve invested in, which could leave surety writers holding the keys if private equity walks away, said Mike Keimig, president and CEO of Markel Surety.
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Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
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What does the bustling insurance industry of today have in common with the coffee shops of the seventeenth century?
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What are the potential consequences for businesses amid escalating loss costs in the US casualty market?
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Is the MGA start-up boom here to stay?
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In Partnership With Allianz CommericalHow does a young insurance company surpass growth expectations and successfully reposition itself in the market as a fully independent player?
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In Partnership With Allianz CommericalThe renewable energy sector is a major growth opportunity for the insurance industry but the loss experience has been challenging.
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In Partnership With Allianz CommericalWhat is fueling the intense mergers and acquisitions activity in the MGA space, and how is it shaping the competitive landscape?
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In Partnership With Allianz CommericalFollowing several years of stellar returns for reinsurers, what does this year's January renewal pricing swing mean for clients?
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In Partnership With Munich ReTim Brockett, EVP & Head of Specialty for Munich Re U.S. shares insights on risk perceptions, the flood insurance gap, and innovative strategies.
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In Partnership With AXISMichael Silas, Head of Global Credit for AXIS Re, discusses 2025's macroeconomic outlook, regulatory shifts, and credit market trends.
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In Partnership With ArchMaggie Munns, Head of Executive Assurance for Arch Insurance International, on the evolving D&O market, discussing challenges, strategies, and a 2025 outlook.
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Target Markets is hoping to expand to offer scholarships to additional students next year, says Gene Abby, executive director, Target Markets
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In Partnership WithDamian Cooper, Partner with PwC Bermuda discusses life reinsurance growth and regulatory challenges.
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In Partnership WithArthur Wightman, Territory Leader for PwC Bermuda discusses industry challenges and Bermuda's key role in reinsurance growth and climate initiatives.
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In Partnership With Fidelis PartnershipCharlie Matthias Deputy Chairman and Group Executive Director for The Fidelis Partnership discusses how ESG practices can drive societal change, improve underwriting, and ensure sustainable growth in insurance.
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In Partnership With AXISJoe Dutton, Energy Innovation Lead for AXIS, discusses the role of insurance in supporting new energy technologies.
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Callum Roberts, Professor of Marine Conservation at the University of Exeter, explains ocean carbon storage and its role in climate change.
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Bill Cooper, Managing Director with Howden Capital Markets & Advisory, discusses insurance market trends, M&A projections, MGA expansion and ILS insights.
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Nadia Beckert, Group Head of Property Reinsurance for The Fidelis Partnership, shares insights on market outlooks, AI integration and the challenge of attracting new talent in the evolving reinsurance industry.
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Robert Wiest, CEO of MS Reinsurance, discusses trends in the casualty market, social inflation and renewal expectations at the PwC Insurance Summit in Bermuda.
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.