Commercial E&S
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result. -
Jason Keen joined Everest in 2022 as head of international.
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APIP is one of the world’s largest property programs.
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Howden is facing fallout from its push into the US retail market via mass hires.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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Broker facilities and increased US domestic appetite are accelerating the softening.
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The ratings agency said underwriting-cycle management would be key going forward.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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London market carriers may be getting competitive, but that is not in itself a bad thing.
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The two senior positions will be based in London.
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It will offer additional capacity to WTW US property clients with a limit up to $25mn.
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James River will also oppose a Fleming motion to uncover additional documents.
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US-listed brokers and carriers have generally continued to produce strong growth even in a transitioning market.
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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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It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.
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Tara Hill launched last month and is headed by Core Specialty’s Peter McKeegan.
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The acquisition allows AM Specialty to expand its E&S offerings.
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Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.
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The broker said there was an opportunity to take advantage of competition to improve outcomes for clients.
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LMG's latest London Matters report reveals that UK capital has lost ground to the US and Bermuda in some lines.
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The announcement confirms earlier reports from this publication.
