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Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
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The broker said demand grew more slowly than reinsurer appetite.
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Churn is expected to return to the market in 2025 as scrapping of older fleet accelerates.
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This publication revealed on Friday that Reith was joining the firm, having departed from Helios in June.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.
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A recent drive for additional brokerage underscores the shift towards a softer market.
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The executive said the market would soften during 2025 but would not drop through the floor.
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In Partnership With Allianz CommericalWhat is the fate of rating conditions in the coming year and how are major players preparing?
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The reinsurance veteran joins from Artex Risk Solutions.
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The strong deal multiple underscores the view of London as a “gateway to the world” for brokers.
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Tony Simm will report to Garret Gaughan, global head of direct and facultative.