Brokers

The business will trade via London, the US and Canada.

Lloyd's ambitions to attract large corporates to the marketplace is well known. But how has one of its major coups - the re-entry of Aviva via the acquisition of Probitas - impacted growth?

Steadfast Group is Australasia’s largest general insurance broker network and has been expanding in Europe.

The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.

Steve Jolley has held several CIO roles, including at Ardonagh Specialty, Price Forbes and JLT Group.

The facility is backed by Sompo, Brit and Talbot, and benefits from We2Sure’s tech offering.

The broker said the casualty segment is approaching an “inflexion point”.

The executive has worked for LSM and Brit.

Sources said the brokers are in the final stages and could seal a deal in the next couple of weeks.

The deal is expected to close in Q1 2025.

The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.

The global market is stabilising and softening, and casualty and specialty lines are generally stable, the CEO said.