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The carrier’s top line grew to $890m in the first half of 2025.
The broker has nearly 20 years of experience in the reinsurance and retro markets.
Sources said MarshBerry is advising the underwriter.
The exit is by mutual agreement, according to the association.
The MGA no longer has an FCA license and was wound up in May.
The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
Underscoring a more competitive market, the structure includes an escalating premium.
The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
Atradius Syndicate 1864 is expected to begin underwriting next year.
Lloyd’s has confirmed the departure of two senior leaders.
Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
Fidelis, Liberty and Hive are among the insurers with the greatest exposure.
The medical professional liability firm is targeting further healthcare opportunities.
Plus, the latest people moves and all the top news of the week.
The broker said the appointments are designed to drive growth.
The technology will help analyse growing and emerging risks, especially climate change.
The medical liability carrier said the deal marks a strategic shift.
Total revenues grew 12% due to the contribution from acquisitions.
In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
The latest hires follow Rob Hale’s move to Willis.
John Neal was due to start at Aon as global reinsurance CEO in September.
Airmic has been lobbying the government to introduce a captives framework for years.
Competitor news
What Your Competitors are Reading
Financial news
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The insurer denies it is responsible for the actor’s legal fees. -
The impact on the (re)insurance market has been muted due to its strong capital position.
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Claims were concentrated in the US, with a significant increase in D&O class actions.
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Behind the Headlines Podcast
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In Partnership With The HartfordRyne Carney, Head of Property Product for The Hartford discusses how underreporting property values can leave businesses vulnerable during a catastrophe.
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In Partnership WithJens Melhorn, Head of Property Treaty for EMEA at Swiss Re discusses key reinsurance topics, including global conflicts, natural catastrophe trends, and the growing need for public-private partnerships to keep insurance affordable.
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In Partnership WithEuropean casualty business is not exposed to the challenges of the US market, with its social-inflation pressures, Aon co-CEO of reinsurance solutions EMEA Tomas Novotny reiterated during a video interview with Insurance Insider at this year’s Baden-Baden conference.
From our other titles
From our other titles
From our other titles
From Insurance Insider US
Allianz seeks to double Americas premiums in five years: Williams
The global carrier plans to hire around 300 people in the next several years in the Americas and has already filled 60 roles thus far.
From Insurance Insider ILS
Mercury’s wildfire cat bond among upsizing July deals
Some $400mn of bonds priced in the past week, after a record-setting H1.
From Insurance Insider ILS
Members Capital launches first ILS fund to accept stablecoin
The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
From Insurance Insider ILS
Swiss Re’s nat cat premium volumes flat in renewals year to date
The reinsurer had $2.8bn of natural catastrophe business up for renewal in the year so far.
From Insurance Insider ILS
Conduit Re will ‘invite’ third-party investors as it expands ILS over time
The reinsurer has already dipped into the cat bond market with its Stabilitas Re retro deals.
From Insurance Insider ILS
Florida rates likely to remain stable through 2025: HCI CEO
With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
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