Insurers
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Most Covid BI claims are due to lapse in March 2026. -
The company said the move was a key part of its risk-diversification strategy.
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Savannah Thompson resigned from TFP, where she had been since 2017.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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The company named two execs to head global wholesale and commercial.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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Ackman targets high-teens ROE at Vantage via underwriting gains and equity investing.
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The deal follows a minority investment from the insurer in the summer.
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Savannah Thompson is set to exit after eight years with the company.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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The newly created role will have responsibility for algorithmic and digital distribution channels.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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Nick Hankin replaces Chris Killourhy, who is becoming group CFO.
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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The storm outbreak follows similar events in the area in 2020 and 2023.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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At present, Mosaic Syndicate 1609 is managed by Asta.
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The data available can “help to inform” a carrier’s strategy in the open market.
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The country's competition commission said the takeover would result in less competition.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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Canopius will continue to be one of several capacity providers to the MGA.
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The highest portion of losses was experienced in Alberta.
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The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
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Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
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The executive co-led the US financial institutions business at BHSI.
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The marine insurer said a volatile claims environment necessitated rate adjustments.
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BNP Paribas will take a EUR1.11bn stake in Ageas.
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The mechanism would work similarly to Flood Re.
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According to the Civil Unrest Index, protest activity has soared over the past two years.
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The Lloyd’s Market Association (LMA), setting out its “core asks” for 2026, has said it is expecting the market to achieve multiple peer-to-peer technology adoptions next year.
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The underwriter is set to leave the business after 20 years.
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McGill’s Underscore platform will identify eligible risks for Aegis to follow.
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Smaller syndicates are lifting their share of the market, as the top quartile also returned to growth.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Six of the 10 largest syndicates remained flat or reported de-emptions.
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Lower rates and currency shifts have pushed syndicates to cut stamp.
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Jaymin Patel joined Berkley Specialty London in 2021 as senior engineering underwriter.
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The carrier booked GWP growth of 6% for the first nine months of 2025.
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The carrier is looking to latch onto emerging economic trends where it can add expertise.
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The business is pursuing growth in Bermuda in captives, cyber ILS and alternative risks.
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In mid-morning training, the share price had fallen by 12%.
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The underwriter will fill a newly created role at AIG.
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In this final instalment, we argue that investing in personnel is as critical to success as the tech itself.
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Call for public and private partnership in cyber are not new, but sentiment remains divided.
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Rob Sage joined Aon in 2022 as an executive director.
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The association has teamed up with Lloyd’s on a women’s underwriting summit.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The industry veteran retired from AIG at the end of last year.
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In 2024, Aviva agreed to buy Direct Line for £3.7bn, which led its risk-adjusted capital score to fall.
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The peril has been historically difficult to model compared to others.
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Plus, the latest people moves and all the top news of the week.
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Habayeb will start next May following Kociancic's retirement.
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Aegis, Beazley and others are among those cutting stamps.
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Emma Woolley has held the marine role on an interim basis alongside running Talbot.
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At our London conference, executives saw various routes to growth, even as headwinds grow.
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Sharp will remain for the 2026 renewal process, before pursuing a new opportunity in the market.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Executives also agreed that facilitisation is a structural market change.
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MassMutual will retain an 82% stake in the $470bn asset manager.
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AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The carrier now expects to deliver full-year operating profit of ~£2.2bn.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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The power market is experiencing double-digit rate reductions.
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The move to launch a second syndicate was reported by Insurance Insider in June.
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Carriers must position themselves as underwriting bifurcates.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The underwriter departed Allianz earlier this year.
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The sector’s recent achievements have flown below the radar, despite huge value creation.
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Specialised service providers like CDK can pose more frequency risk than global operators.
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The charity said that improved ecosystems could help protect from disasters.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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An insurability crisis could pose systemic risks that undermine the foundations of finance.
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The loss would be one of the largest ever for mining underwriters.
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The June 2024 ransomware attack produced claims across many firms.
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The consortium will target excess layers, providing $250mn of capacity.
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Industry-wide initiatives continue to target expanded youth access to the sector.
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The carrier’s retail division saw premiums increase by 7.3% to $2bn.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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The CEO said smart-follow is a structural evolution of the specialty market.
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Widespread underinsurance and low exposures will limit losses.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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Many commercial risks will have London coverage, but insured values are relatively low.
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Starr’s reinsurance ambitions and embrace of Lloyd’s will be watched closely.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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The insurer paid tribute to the executive’s lasting contributions to the firm.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Brokers may encourage clients to capitalise on falling rates by boosting coverage.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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Matthew Hogg joined Liberty Specialty Markets in 2010.
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Jason Keen joined Everest in 2022 as head of international.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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This publication revealed the move earlier this year.
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The storm could bring flooding to Jamaica, Cuba and Haiti.
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The carrier recently expanded its reinsurance product suite in Bermuda.
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The number of syndicates traded at auction was the highest for a decade.
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A canvassing of the cyber market suggests the impact will be negligible.
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The range allows “for information that could emerge beyond what is known today”.
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The carrier is looking to achieve sustainable growth across its personal lines business.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Bill Ross has been CEO of the non-profit for 21 years.
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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The two lines will add £11mn in planned premium.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
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Jamie Smith joined Arch in 2018, taking on the senior underwriter role in 2022.
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The report seeks to arm parliamentarians and policymakers with “practical tools”.
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Though wildfire losses are up, total losses are the lowest since 2015.
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The reshuffle is likely laying the foundations for the eventual succession to CEO Mario Greco.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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The international division is seeking a new London market manager.
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The governor has yet to sign a pending bill to create a public cat model.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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White will join from Allianz trade, and Summers from Talbot.
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Moretti has relocated to California from London.
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Incumbent Jane Warren will retire at the end of the year.
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Scott was most recently head of claims at MGA Geo Underwriting.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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The carrier is planning a limited relaunch into the UK D&O market.
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The class offers affirmative coverage for gaps in traditional insurance policies.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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The executive was most recently serving as CRO – insurance.
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Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
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The pair have expanded remits overseeing property and specialty.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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New sources of capacity lack the expertise to service rapidly developing clients.
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The company will continue its capacity partnership with the MGA until 2030.
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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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The underwriter has worked at Hiscox, Lloyd’s, Chubb and Zurich.
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The Lloyd’s investment business has cut expenses by 54% over the past six months.
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The deal will be watched closely by Radian’s handful of similar peers.
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Sean McGovern will step down from the role in December.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The pair hail from Dale Underwriting and Axa XL, respectively.
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Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
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Georges De Macedo will remain within the group as a board member.
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The executive has been with ASG since it was formed in 2016.
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The veteran underwriter said market conditions are still ‘robust’.
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The rating action follows the upgrade of Italy's sovereign rating earlier this month.
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He will spearhead the division’s launch slated for 2026, which will be the first product launch for ICW Group’s specialty unit.
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The report highlighted the gap between insured and uninsured attacks is widening.
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The toll of risk losses sustained by the PVT market this year is mounting.
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IAG completed its takeover of RACQ last month.
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Part four looks at how the talent landscape will shift in response to AI introduction.
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The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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The measures also seek to encourage greater wildfire mitigation efforts.
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There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The executive joins from MSIG USA.
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The assistant treasurer is also due to review the Australian cyclone pool.
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Ariel Berman joined the company as head of specialty in 2023.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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The carrier started writing construction in Lloyd’s following the acquisition of Probitas.
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He was appointed CUO of casualty, Americas, in July last year.
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The tech firm is building a joint stock company with insurers and investors.
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The new division will be led by Terry Fitzgerald, who has previously led the finpro portfolio.
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Models anticipate a busier second half, particularly in the next few weeks.
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The platform aims to “bend the loss curve”.
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A roundup of the breaking news, C-suite interviews and exclusive insights.
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Mark ‘Ollie’ Hollingworth has held his current role at Atrium since 2017.
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It was announced this week that the business had agreed to be acquired by Skyward Specialty.
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The treaty underwriter is set to run an MGA within the group.
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The Swiss carrier appointed a new global energy head earlier this week.
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Heyburn joins from Brit, where he was A&H class underwriter.
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The carrier said the decision reflected its commitment to portfolio discipline.
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The cycle-turn M&A story continues with strategic buyers to the fore.
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Growth in the SME sector could help stabilize the market, however.
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Syndicate 1440 was approved to assume business incepting January 2026.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Jane Poole will succeed Michael Grist, who exits after nearly 16 years.
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Cyber reinsurance supply has continued to outstrip demand during 2025.
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The executive said claims can be a differentiator in a softening market.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Farnworth will also chair the carrier’s audit committee.
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The data modeling firm said losses previously averaged $132bn annually.
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Sébastien Bardy joins from Allianz to lead the firm’s financial scale-up.
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The underwriter has over 20 years' experience in the construction insurance sector.
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The violations included not using propertly appointed adjusters and failing to pay claims.
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Plus, the latest people moves and all the top news of the week.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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The executive will buy reinsurance for HDI and Talanx’s corporate unit.
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Rates are bottoming out, but ample capacity is still preventing a hardening market.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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The all-cash deal values the Bermudian’s stock at a 36% premium.
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This publication first reported deal talks last week.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
