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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March. -
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.
