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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
The platform will capture and standardise data from all submissions, the broker said.
The firm believes UK support for policyholders is under-served compared with the US.
The underwriter joined MS Amlin in 2020 after more than 24 years with Markel.
Air India has a multi-year insurance arrangement in place.
Plus, the latest people moves and all the top news of the week.
This publication revealed his exit from MS Re last month.
The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
The carrier said the cuts will help it to become a “simpler, digital-led business”.
Allstate attributed the bulk of its losses to three major wind and hail events.
Jim Williamson said litigation funding had evolved into an investment class.
There has been significant talent displacement in the specialty reinsurance market.
Miller recently strengthened its reinsurance proposition with the acquisition of AHJ.
Henk Bijl joins from Aon, where he has worked for the last 25 years.
Lloyd’s chair said attractive returns were the “essential bedrock” of performance.
The carrier is launching a dedicated auto-follow unit within its DA practice.
The company has also promoted Alex Baker and Tim Duffin.
Western insurers do not insure Iranian risks, with the country subject to sanctions.
The start-up has hired four people to join the division.
The £3.7bn deal was announced in December.
Holschneider co-founded the firm and is currently executive chairman.
The carrier has scaled up its international insurance offering in recent years.
The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
Competitor news
Financial news
Financial news
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The new recruit will join Julian Samengo-Turner’s Middle East and Africa team. -
Staff movement in the line of business has remained high amid firm market conditions coming into 2022.
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The executive has more than 25 years’ experience working in banking and asset management.
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From our other titles
From our other titles
From our other titles
From Insurance Insider
Aviva’s Storah named as post-takeover Direct Line CEO
Direct Line’s CEO Adam Winslow and CFO Jane Pool will step down.
From Insurance Insider ILS
Swiss pension fund Nest’s ILS allocation grows to $169.6mn in 2024
The fund lists Twelve, Swiss Re and Cambridge Associates as managers.
From Insurance Insider
Elevated risk expected for 2025 NA wildfire season: Burns & Wilcox
Up to nine million acres of US land are considered likely to burn.
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.
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