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Loss activity in the upstream market remains benign, adding to softening. -
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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