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The executive co-led the US financial institutions business at BHSI. -
Icen said the hire supports its continued investment in developing a global M&A specialist.
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The syndicate will be managed by Polo Managing Agency.
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The marine insurer said a volatile claims environment necessitated rate adjustments.
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The deal adds a forward-flow, giving Compre the option to reinsure additional future years.
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Oaktree will fund the syndicate and act as investment manager for its assets.
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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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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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Charlotte Pritchard is set to succeed Andrew Creed, effective 5 January.
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According to the Civil Unrest Index, protest activity has soared over the past two years.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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Plus, the latest people moves and all the top news of the week.
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One critical sticking point for Lloyd’s is the true alignment of interest with the market.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The underwriter has spent 30 years in fine art insurance.
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The underwriter is set to leave the business after 20 years.
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This publication revealed Jeroen van de Grampel and Nicholas Moore’s departures in August.
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The transaction is subject to regulatory approval.
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All-risks premium increases are now understood to be in the 15% to 20% range.
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The transaction is expected to close early in the first quarter of 2026.
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The company had argued the judge missed key info when dismissing the case.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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Fears relating to an economic downturn continue to dominate concerns.
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Next year will mark five consecutive years of insolvency increases.
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New Nuclear is currently raising capacity, with an eye to launch in 2026.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Data points to growth in surrogacy and IVF support across the industry.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The executive argued that injunctions following team lifts were “the industry standard”.
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The chief of market performance urged underwriters not to follow the herd.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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The broker said the A$45-per-share price discussed valued the firm appropriately.
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The business recently struck a deal to be acquired by Aquiline.
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The reinsurer is offering pricing incentives to members to reintegrate cover.
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The underwriter worked for Nexus for over four years.
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Court documents provide a window into the ambitious plans.
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Plus, the latest people moves and all the top news of the week.
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The aviation specialist is eyeing up diversifying into new classes such as marine.
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Nobody likes flying in turbulence, and in recent years aviation insurers have faced their fair share of upheaval.
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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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Until successors start, the MGA will focus mainly on excess tax opportunities.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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The business is pursuing growth in Bermuda in captives, cyber ILS and alternative risks.
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The Lloyd’s-backed war-on-land facility provides coverage where capacity remains scarce.
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Despite 2025 losses, carriers have not secured desired rate increases.
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The London-based MGA will begin underwriting its international book next month.
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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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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The carrier plans to invest $500mn in capital to establish a presence in Bermuda.
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Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.
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The class of business has shouldered claims totalling over $4bn this year.
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Simon Mason will continue to support the business through the upcoming reinsurance renewals.
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The business was founded last year by former Beazley underwriter Richard Young.
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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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In October, this publication revealed that Nexus ceased writing W&I coverage.
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The MGA has expanded its suite of products since launching last year.
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Willis reports that the mining market has softened at a ‘considerable rate’ this year.
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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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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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After a challenging period, the industry is now earning above its cost of capital.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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The Australian insurer is a major cat cedant and had hoped to set up a reinsurance syndicate.
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Emma Woolley has held the marine role on an interim basis alongside running Talbot.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Oliver Dlugosch spent 20 years at Swiss Re before it exited aviation this year.
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Chris Lay will retire from the business in Q1 2026.
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The improved combined ratio was driven by lower losses and expenses.
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The international segment’s net written premium contracted 5%.
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Loss activity in the upstream market remains benign, adding to softening.
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This publication reported in October that Debbie Hobbs was to exit Miller after four years.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Stephenson will start his new role in early 2026.
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Insurers must avoid being a “blocker” in development and financing decisions.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the downgrade.
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The French mutual is one of the first major 1.1 accounts to firm-order.
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Volt was launched in October 2024 to support clients through the energy transition.
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Existing facilities and carrier partners will be transferring from K2.
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The facility is led by Beazley’s Smart Tracker.
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Executives also agreed that facilitisation is a structural market change.
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David Croom-Johnson will now focus exclusively on CEO duties.
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The syndicate aims to write £80mn of programme business in 2026.
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A motion by defendants to dismiss the case was also denied.
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The latest guide is the first in a two-phase programme with a practical guide to follow.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
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Tim Wakeman joined Marsh in 2021 and previously worked at Elseco.
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Panellists agreed a soft market should not dampen product development.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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The executive said that outside of property cat, renewals will be “relatively stable”.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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The MGA began offering US commercial E&S property products in December.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The Aspen exec highlighted the London market’s long-standing reputation for innovation.
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This publication revealed Volante was in talks with legacy players last month.
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The executive said the market will be revolutionised by digital technology.
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Rohan Davies joined Markel International 17 years ago as an underwriter.
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Patrick Tiernan was addressing 400+ delegates at the London Market Conference.
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The specialty MGA launched in June this year with backing from BP Marsh.
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The carrier now expects to deliver full-year operating profit of ~£2.2bn.
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P&C GWP grew by 7.1% to EUR26.8bn over the period.
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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 newly established wholesaler is building out its staff base.
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Longbrook Insurance will write multiple lines of business.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The underwriter departed Allianz earlier this year.
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Cyber claims more than tripled year on year.
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The (re)insurer has a higher-than-average Jamaican market share.
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The broker has started hiring in London, taking Tysers D&O specialist Dan Lovett.
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James Kelly joins from Besso, having held senior positions at JLT, Lockton and Gallagher.
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The group raised its full-year net income guidance to EUR2.6bn.
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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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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The loss would be one of the largest ever for mining underwriters.
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On a net basis, premiums written were up 4.7% to $641.3mn.
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The hedge fund had significant investment aims for the London market.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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Plus, the latest people moves and all the top news of the week.
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Ed Louth will join Liberty next year after serving out his contractual duties at Willis.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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The June 2024 ransomware attack produced claims across many firms.
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Cyber, mortgage and crop were identified as attractive growth areas.
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The consortium will target excess layers, providing $250mn of capacity.
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The carrier said nat-cat losses remained “well below” those of prior years.
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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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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier anticipates a “favourable” retro renewal at 1.1.
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The Marsh-placed account renews its all-risks cover on 16 November.
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The CEO said smart-follow is a structural evolution of the specialty market.
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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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Marsh is also suing a second tier of former Florida leaders.
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The broker’s hiring to date has focused on the specialty segment.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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APAC now represents roughly 15% of all Lloyd’s premium.
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Widespread underinsurance and low exposures will limit losses.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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Both the primary and reinsurance segments benefitted from a light cat year.
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The Bermuda carrier brought a winding-up petition earlier in October.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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Many commercial risks will have London coverage, but insured values are relatively low.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The energy broker’s career also includes a stint at Price Forbes.
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The Spanish (re)insurer reported a group net profit of EUR829mn.
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The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.
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Prices were 37.4p per £1 of capacity, according to Argenta.
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The broker grew earnings per share by 12.1% during the quarter.
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The syndicate is expected to write ~$300mn of business in 2026.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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The company reported no cat losses but saw a jump in attritional losses.
