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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
Staff targeted include producers that channel business through Howden’s London wholesale arm.
PE owner Livingbridge brought the broker to market two years ago.
The firm is currently working with 13 MGAs, including QMetric and Eaton Gate.
Plus, the latest people moves and all the top news of the week.
The insurer is weighing up options including entering new geographies and M&A.
Wind season remains an important variable, but also might not change current dynamics significantly.
The reinsurance unit’s combined ratio for the quarter was 94.2%.
Group CEO Tavaziva Madzinga said it might explore Lloyd’s Names backing in the future.
Property rates declined by 7% globally in the second quarter.
The property segment reported a CoR of 27.4% for the quarter, down 26.5 points year on year.
Weatherbys Hamilton provides private client, bloodstock and farm coverage.
Bridges joins from QBE, where he spent over 17 years.
CFO Christoph Jurecka will succeed as management board chair.
The agreement is the second service contract the group has taken on.
The Asta-managed syndicate aims to commence underwriting later this year.
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.
Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
The exit is by mutual agreement, according to the association.
The MGA no longer has an FCA licence and was wound up in May.
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Financial news
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What’s next for one of Lloyd’s largest syndicates as it sets its sights beyond London? -
Improved book value, a healthy CoR and disciplined underwriting mark the CEO’s time at the helm.
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The insurer denies it is responsible for the actor’s legal fees.
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In Partnership With AccordBill Pieroni, CEO of ACORD, discusses digital maturity, tech spend, and AI's future impact.
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In Partnership WithAdam Podlaha, Head of Impact Forecasting for Aon, discusses the 2024 hurricane season's calm start, upcoming forecasts, and climate impacts.
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In Partnership WithAon’s Reinsurance Solutions EMEA co-CEOs Tomas Novotny and Alfonso Valera discuss their collaborative leadership, market outlook for January 2025 renewals, and capital dynamics in the EMEA region.
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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