Bermuda
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The carrier has renewed and extended its capacity arrangement with the MGA. -
Improved performance and growing investment returns played a role in the upgrade.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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The company will continue its capacity partnership with the MGA until 2030.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The move comes as the broker rebuilds its Bermuda team.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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Alessa Quane will report to Sompo P&C CEO James Shea.
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The deal marks the latest step in Catalina’s shift from P&C to life run-off.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The business said it was experiencing strong momentum on the Island.
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The affirmations reflect Everest’s strong underwriting diversification.
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The tech firm is building a joint stock company with insurers and investors.
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Bill Bouvier has spent more than three years at the legacy firm in this role.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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The broker’s joint venture with Bain Capital still lacks a CEO.
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The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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The company, however, sets a high bar on making a move.
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The post-disaster reinsurance start-up model is changing.
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Tim Barber joins from QBE Re, where he was head of North America.
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Skyward’s acquisition of Apollo will provide access to the London Bridge framework.
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The executive most recently served as head of North American treaty reinsurance.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Signs of discipline indicate a “break” from past boom/bust market cycles.
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The Japanese carrier faces integration challenges to make a success of the deal.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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James River said the court was right to dismiss the fraud case.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
