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The lawsuit claims more than 100 employees left with Parrish and his three reports.
The legacy player is working to secure its first deal, and could look to expand to US E&S.
Insured losses produced the second highest first-half tally since records began in 1980.
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.
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Insight into the state of the insurance M&A market, powered by this publication's deal database. -
North American carriers completed the most transactions in the first half of 2025.
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The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.
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In Partnership With ArchAbout 80-90% of the global economy is based on intangible assets, said Ian Lewis, Head of Intangible Assets for Arch Insurance International.
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In Partnership With AXISFacing increased existential pressures, businesses are seeking more robust financial lines protection, said Mark Paccione, head of retail financial lines, lower middle markets, for AXIS.
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.
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.