Interviews
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The CEO said smart-follow is a structural evolution of the specialty market.
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Regulators do too little to distinguish between generalists and specialists, he said.
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CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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The syndicate says it will not set any top-line targets on digital follow strategies.
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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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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months. In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
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The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
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The CEO said the lack of portfolio crossover was highly attractive to Inigo.
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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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The carrier’s chief buyer urged a partnership approach from reinsurers.
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While investors recently have favored the “instant gratification” of supporting brokers and MGAs, start-up reinsurer Mereo CEO David Croom-Johnson said he thinks capital will “fall back in love” with balance-sheet companies who deliver consistent profitable results.
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Being conservative and stable is the name of the reinsurer’s game.
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Scale is increasingly becoming a differentiator for reinsurance carriers, the broker noted.
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Earnings covers do not need to equal aggregate reinsurance deals, the broker said.
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Anticipation, motivation and inspiration are central to effective implementation.
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Paul Campbell details how the most profitable insurers act during a soft versus hard market.
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Reinsurance CEO Wakefield said reinsurance structures may evolve for prolonged growth.
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The CEO said the AHJ acquisition brought a ‘step change’ to Miller’s reinsurance growth.
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The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
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The California wildfires showed reinsurers can absorb major cats and remain profitable.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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The executive said claims can be a differentiator in a softening market.
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Assurex’s global independent broker network pumps $4bn of premium into the London market.
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The carrier booked top-line growth of 2% in H1.
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The family-owned group is embarking on a major international expansion.
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CEO Alex Maloney said Lancashire’s growth was “more measured” amid softening.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The LMA head also praised Velonetic for transparency on Blueprint 2.
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The company has also expanded its relationships with US and UK MGAs.
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The CEO said business remains adequately priced in most classes.
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The firm is currently working with 13 MGAs, including QMetric and Eaton Gate.
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The insurer is weighing up options including entering new geographies and M&A.
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A second syndicate is being explored for “big and bold” new lines
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The executive said there was an ‘active cross-sell culture’ across The Fidelis Partnership.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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The soft market continued through H1 2025, especially on shared programs.
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Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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There has been an uptick in UK retail firms buying cyber after a string of attacks.
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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
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The executive said the MGA model is here to stay and offers an “immense value”.
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The firm's near-term global strategy includes operations in the UK, US, parts of Europe and Asia.
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The new Lloyd’s chief of market performance also outlined target growth areas.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
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Chris Jones told this publication his plans for the first six months of his tenure.
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Eckert said the reinsurance market is still at historically well priced levels.
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The executive said the industry can continue to grow by embracing emerging threats.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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The executive said secular heightened risk trends would fuel the carrier’s primary expansion.
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Jacqui Ferrier speaks with Insurance Insider in her first interview since taking the reins.
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The executive criticised the ongoing underrepresentation of women in senior leadership roles.
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Lloyd’s chair Bruce Carnegie-Brown officially hands over to Charles Roxburgh today.
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
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Being the “new kid” has created interest in the market, Mereo CEO Croom-Johnson added.
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TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium.
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Modified freehold gives syndicates and investors clarity around exit plans.
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Langley said the London market could benefit from boosting its image at home and abroad.
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He expects the operational hygiene of MGAs to be tightened soon.
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Recent transactions on the platform include cat bonds from Flood Re and Brit.
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The broker said that businesses not investing in AI capabilities would be left behind.
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The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.
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The Corporation’s CFO hailed profitable growth but warned syndicates to maintain discipline.
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Syndicate 1984 is set to begin underwriting next month.
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The company’s syndicate has booked an 87.4% combined ratio for 2024.
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The executive said MGA and broking start-up activity looked set to continue.
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CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”.
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The executive said the firm had to focus time and investment on the most meaningful projects.
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Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
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The executive said the company’s expanding capacity base would make it “more like a marketplace”.
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Good ESG practices are part of good risk management, the company said.
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Coverage restrictions in renewables are increasing risk for investors.
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The insurer will focus on UK regional growth and opportunities in cyber for the coming year.
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The executive said that the fragmentation of the European market has proved a barrier to entry in the past.
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Syndicate 1200 CEO Graham Evans says growth will likely slow in 2025 as the market reaches inflection point.
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The reinsurance market is now in a healthy, stable condition, according to Gallagher Re.
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The executive said the market would soften during 2025 but would not drop through the floor.
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Chairman Neil Eckert and CEO Trevor Carvey said the outlook for the market remains "very good".
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The executive said that capital, tech and algorithmic capabilities would help the structures endure.
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The broker facility is led by Beazley’s Smart Tracker Syndicate.
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The carrier has undertaken work to give it “optionality” for a public listing, but has no plans to list in the short term.
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The investment banker said the scarcity of attractive assets made the MGA market “red hot”.
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CEO Stef Raftopoulos said the company platform will let the operation reach a suitable scale.
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The carrier is set to start underwriting five new lines of business in the Lloyd’s market.
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The marine underwriter said the business had grown through taking “very big positions” on programmes.
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The executive also highlighted SRCC in property treaties as a concern.
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The carrier is looking to grow its specialty offering across Europe and APAC.
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Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses.
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Pockets in the business are still experiencing significant stress, she added.
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The MGA aims to capitalise on the growth and maturation of the continental MGA sector.
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The executive said that being in Lloyd’s would help the carrier’s global distribution.
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The executive explained the Corporation’s ‘elephant hunting’ expansion strategy.
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Canopius Re CEO Charles Cooper says the growing division will show relevance by taking large lines on limited deals.
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The firm will split its global combined cat program into two layers.
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The executive struck a cautious note on the industry’s reserve adequacy for the 2021-23 accident years.
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The CEO said standardising wordings to drive syndicated distribution could help Lloyd’s grow.
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In his first interview as Swiss Re CEO, Andreas Berger acknowledged the mistiming of casualty growth, a purist approach on reserving and organisational complexity.
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Scor is also limiting its exposure in political risk and cyber.
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The platform hopes to confirm significant partnerships in the near future.
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The executive said volatile losses made underwriting the class less predictable.
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The executive said losses in the Middle East had “sent shockwaves” through the market.
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The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
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The executive also said there had been a “step change” on culture in the market.
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The executive said that with a single platform and capital base, the company had few distractions.
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The executive said that more sophisticated use of data could optimise a portfolio.
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The Oxbow report found that AI use cases span the entire (re)insurance capability model.
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InsurX has grown its capacity beyond £100mn after adding D&F to its existing contingency business.
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The broker said another strong year would drive pressure for “reasonably significant rate reductions” next year.
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She said potential hurricane activity was just one factor impacting the 2025 outlook.
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The parliamentary candidate said politicians don't take financial services in the City seriously enough.
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The executive said Lloyd’s was the “best place” to underwrite emerging risks.
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The CEO also discussed the need for portfolio diversification.
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Carter said technology is creating more of an imperative to diversify the future insurance workforce.
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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 carrier has ambitious growth plans for its rebranded Munich Re Specialty segment.
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O’Shea outlined growth ambitions and managing leadership transitions at the MGA in a wide-ranging interview.
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The carrier is also considering a potential casualty treaty market entry.
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CEO Luke Tanzer talked about the expansion drive as the legacy firm reported a 14.3% RoE for 2023.
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The CEO was speaking after the carrier posted a $503mn profit in 2023.
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The MGA was founded by Natasha Attray, James Dodd, James Fletcher and Charles Turnham.
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The firm launched late last year in the US with a $250mn capital injection, and has also acquired a UK platform.
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The executive was speaking on the Behind the Headlines podcast.
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The unit will target Northern European M&A within the next six months.
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The MGU is exploring additional third-party capital relationships.
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Vivek Syal will become CUO of Tokio Marine Kiln in April.