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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.
He was most recently Marsh’s US manufacturing and automotive practice head.
The executive brings more than 25 years of insurance experience.
The broker has expanded the number of global industry verticals to seven from four.
The soft market continued through H1 2025, especially on shared programs.
The LA wildfires accounted for 59% of loss activity over Q1.
Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
The programme’s total limit this year is down $594mn to $1.36bn.
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Financial news
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists. -
The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
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Jim Williamson said litigation funding had evolved into an investment class.
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Behind the Headlines Podcast
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In Partnership WithArthur Wightman, Territory Leader for PwC Bermuda discusses industry challenges and Bermuda's key role in reinsurance growth and climate initiatives.
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In Partnership With Fidelis PartnershipCharlie Matthias Deputy Chairman and Group Executive Director for The Fidelis Partnership discusses how ESG practices can drive societal change, improve underwriting, and ensure sustainable growth in insurance.
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In Partnership With AXISJoe Dutton, Energy Innovation Lead for AXIS, discusses the role of insurance in supporting new energy technologies.
From our other titles
From our other titles
From our other titles
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.