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The broker built out Lockton Re’s US casualty and professional lines treaty book.
There has been an uptick in UK retail firms buying cyber after a string of attacks.
Plus, the latest people moves and all the top news of the week.
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
The ratings agency cited the carrier’s growth and performance.
Shuker was CEO of A-Plan when Howden acquired the firm in 2021.
The awards will be held on 3 September at The Brewery in London.
It has been a volatile week for the marine war market in a period of geopolitical turmoil.
Last month, Combarro announced his exit on LinkedIn after 17 years at Lockton.
The facility, backed by six global cyber insurers, offers limits of as much as EUR5mn.
The new unit – Ceded Re – will operate under the leadership of Guy Van Hecke.
The Atrium-led cover renews after the multi-billion-dollar High Court ruling.
The carrier is expanding its appetite for sustainable construction of large commercial buildings.
David Turner previously spent more than 30 years at Amlin.
Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
MillerBoost is the latest broker facility to launch in London.
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.
Competitor news
Financial news
Financial news
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In Partnership With MarkelInsurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International. -
The MGA has built out a suite of products, including a planned launch into political violence.
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The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
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Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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Will Bridger, Group CEO with Compre Group, discusses the evolving legacy insurance market at the PwC Insurance Summit.
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Rachel Turk, CUO for Lloyd’s, shares first-year insights and explores AI, market outlook, and data flow innovations.
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AXA XL’s CUO for Bermuda, Noel Pearman, shares how AI is transforming insurance operations, enhancing client offerings, and opening doors to new business opportunities.
From our other titles
From our other titles
From our other titles
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.
From Insurance Insider ILS
Retro and ILS specialists Stubbings, Bailey leave McGill for Miller
The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.