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The Miami-based executive assumes the role left vacant by April McLaughlin.
The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
Stacey Hinton and Max Elliot are set to join Ark from Markel International.
Specialty casualty now accounts for around 22.2% of its insurance business mix.
In May, we revealed that Lockton's James Campbell is leaving for a role in HWF’s real estate team.
Director of competition Graeme Reynolds will cover role until a replacement is found.
Nicolau Daudt will become global specialty CEO, as previously announced.
The claim could add pressure to the hull war market after a recent High Court ruling.
Scor's CEO said the P&C market had experienced a “competitive” first half.
The firm will target mid-market risks with TIVs of $25mn-$1bn.
Sources have identified facilities as a different source of rising commissions.
The P&C segment posted an 82.5% combined ratio for the quarter.
Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
The broker is looking to move as much of the book away from its adversary as possible.
The CEO said business remains adequately priced in most classes.
The carrier is reducing its exposure to quota shares and shifting to XoL.
The broker has noted that double-digit reductions are increasingly available in property.
The carrier said market dynamics were shifting due to increased capacity.
Mercury’s recovery from the guaranteed percentage of losses is $47mn.
The loss ratio rose 1.9 points to 53.1%, while the expense ratio ticked up 0.6 points to 28.1%.
The carrier had $20mn in reserve releases in the quarter, compared to nil in Q2 2024.
The lawsuit claims more than 100 employees left with Parrish and his three reports.
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DB reiterated that no final decisions have been made regarding a potential deal. -
Nationwide will delegate management of the policies to Ryan Specialty.
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The company provides management workflow for residential contractors.
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Behind the Headlines Podcast
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In Partnership With MarkelAugmented underwriting can provide underwriters new insights at the right time in process, but underwriting is still an art, no matter how much technology you put around it, said Simon Cooper-Williams, Director of Portfolio Development Solutions, Markel International.
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In Partnership With AXISAXIS recently entered a partnership with Project Healthy Minds. “We live in a world that is fairly uncertain… the notion of feeling comfortable and talking about mental health needs is critically important,” said Vince Tizzio, president and CEO of AXIS, during an interview with Phil Schermer, founder and CEO of Project Healthy Minds, and Insurance Insider’s Meg Green.
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In Partnership With MSIG USAOver the next six to eight months, MSIG USA will continue its US expansion with new hires and new products, including launching cyber coverage, said Peter McKenna, CEO of MSIG USA, at RISKWORLD in San Diego.
From our other titles
From our other titles
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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.