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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
The facility was previously for commercial risk clients.
The broker has recruited from its rival as it looks to launch Willis Re 2.0.
The search for a successor to lead Syndicate 1200 is underway.
Goldman Sachs and Cinven have also participated in the German broker’s sale process.
The fronting insurer will be able to support MGAs across the 27 EU states.
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.
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.
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North American carriers completed the most transactions in the first half of 2025. -
What’s next for one of Lloyd’s largest syndicates as it sets its sights beyond London?
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Improved book value, a healthy CoR and disciplined underwriting mark the CEO’s time at the helm.
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In Partnership With BeazleyBusinesses are increasingly interested not just in property catastrophe insurance, but also parametric solutions and directors & officers to help cover claims related to climate change, said Bob Quane, chief underwriting officer, Beazley.
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Smaller companies may follow in the steps of the larger insurers who’ve already taken charges. “That trend has legs,” said Marc Adee, Chairman and Chief Executive Officer, Crum & Forster.
From our other titles
From our other titles
From our other titles
From Insurance Insider ILS
PRA accelerating UK ISPV authorisations
The consultation period around UK ISPVs was opened in November last year.
From Insurance Insider ILS
Zurich ILS managers unphased by ESMA’s view on cat bond UCITS inclusion
Managers believed end-investors value diversification and non-correlation of cat bonds over liquidity.
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.
From Insurance Insider ILS
Retro and ILS specialists Stubbings, Bailey leave McGill for Miller
The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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