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The claims specialist spent 30 years at Amlin before joining TFP.
Rates continue to drop as capacity is ample, the broker said.
Plus the latest people moves and all the top news of the week.
The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
The cyber business will continue to operate as a standalone entity.
Carriers expect a rise in the severity and frequency of claims over the next two years.
The executive was CEO at PartnerRe until he retired last year.
The carrier has entered several new classes recently, including specie and reinsurance.
The MGA has been through a remedial exercise under Acrisure’s ownership.
The carriers remain in takeover negotiations but have not reached a decision around valuation.
The take-private deal was announced in July 2024.
The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
The claim hits the downstream market following a loss-hit start to the year.
The new chair said the market must adapt for 2030 and beyond.
The FCA is reviewing how it can simplify regulation for commercial insurers.
The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
The $2.6bn deal provides Ergo with an entry point to the US SME market.
Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
The managing agency is offering 62p per £1 for 2026 YoA capacity.
The international casualty director has worked at Axa XL, Ive and Ardonagh.
The broker has expanded the number of global industry verticals to seven from four.
Competitor news
What Your Competitors are Reading
Financial news
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Niala Butt joins from CNA Hardy, where she was casualty claims manager. -
The aerospace, energy and marine markets all sustained multiple significant losses in H1.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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Is the MGA start-up boom here to stay?
From our other titles
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From Insurance Insider ILS
ESMA view on cat bonds comes as a challenge to UCITS managers
The body said cat bonds are closer to an insurance product than a security.
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.
From Insurance Insider US
Casualty and property dynamics in a ‘unique’ cycle: Westfield’s Kuhn
Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.
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.