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Howard Hughes Holdings agreed to buy the carrier for $2.1bn. -
Savannah Thompson resigned from TFP, where she had been since 2017.
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Lyndsey Bauer joined Paragon in 2007 and has previously held senior positions at Marsh.
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Plus, the latest people moves and all the top news of the week.
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The company named two execs to head global wholesale and commercial.
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Market sources have also raised the prospect of moving the market beyond bureau reliance.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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What were the defining moments that shaped the insurance market in 2025?
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Ackman targets high-teens ROE at Vantage via underwriting gains and equity investing.
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The downstream market has suffered a string of costly claims this year.
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Savannah Thompson is set to exit after eight years with the company.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The MGA will also launch into cyber in 2026, adding to its property and marine lines.
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The MGA has renewed its binder for 2026 with capacity from Lloyd’s.
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The parties now have 60 days to file a stipulation to dismiss the action.
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Nearly one-third of 2025’s talent movement was recorded in Q3.
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From 2026, the facility will also offer longer maximum construction periods.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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He will join Gallagher as chief broking officer for EMEA transaction solutions.
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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Mathew Bond will be joining as director of tax.
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At present, Mosaic Syndicate 1609 is managed by Asta.
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The data available can “help to inform” a carrier’s strategy in the open market.
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Plus, the latest people moves and all the top news of the week.
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How do you harmonise distribution strategies in a rapidly evolving marketplace?
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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The London carrier has explored how businesses are navigating an era of accelerating risk.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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The carrier is understood to have had a significant line size on the slip.
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The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
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The consortium goes live from 1 January 2026.
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Icen said the hire supports its continued investment in developing a global M&A specialist.
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The marine insurer said a volatile claims environment necessitated rate adjustments.
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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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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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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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Sources said the deal will value the US M&A insurance broker at over $500mn.
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New Nuclear is currently raising capacity, with an eye to launch in 2026.
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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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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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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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In mid-morning training, the share price had fallen by 12%.
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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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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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Plus, the latest people moves and all the top news of the week.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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Emma Woolley has held the marine role on an interim basis alongside running Talbot.
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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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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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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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Volt was launched in October 2024 to support clients through the energy transition.
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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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The syndicate aims to write £80mn of programme business in 2026.
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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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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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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The Aspen exec highlighted the London market’s long-standing reputation for innovation.
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The executive said the market will be revolutionised by digital technology.
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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 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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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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Specialised service providers like CDK can pose more frequency risk than global operators.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The loss would be one of the largest ever for mining underwriters.
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The hedge fund had significant investment aims for the London market.
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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 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’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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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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Interim CUO Nick Pritchard turned in his notice in August of this year.
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APAC now represents roughly 15% of all Lloyd’s premium.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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The energy broker’s career also includes a stint at Price Forbes.
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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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The syndicate is expected to write ~$300mn of business in 2026.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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How do struggling governments across the globe tackle stagnating economic growth?
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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In insurance, premium growth came from all lines of business except cyber.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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Matthew Hogg joined Liberty Specialty Markets in 2010.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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Under the terms of the offer, shareholders would receive A$45 for each AUB share.
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The Australian broker, which owns Tysers, announced a trading pause.
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The move comes as Michael Creighton is made credit and political-risk director for Africa.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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Plus, the latest people moves and all the top news of the week.
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A canvassing of the cyber market suggests the impact will be negligible.
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The range allows “for information that could emerge beyond what is known today”.
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The appointments are aimed at offering a clearer team structure.
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The EUR100mn+ Ebitda firm is courting both PE and trade suitors.
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Beazley is one of the key leaders in the London marine marketplace.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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AWS suffered a large-scale service disruption originating in northern Virginia.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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The Boeing cargo aircraft was wet leased by Emirates.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The executive is charged with defrauding investors out of nearly $500mn.
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The two lines will add £11mn in planned premium.
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Plus, the latest people moves and all the top news of the week.
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David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
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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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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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Jamie Smith joined Arch in 2018, taking on the senior underwriter role in 2022.
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The executive has run the MGA platform since its 2017 inception.
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Debbie Hobbs joined Miller in 2021 from EmergIn Risk.
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Michael Shen will be succeeded by deputy Camilla Walker.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Brian Church has spent 20 years at Chubb.
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The group will join forces with SRG subsidiary Miles Smith.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
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Neil Ross was also appointed CUO for the broker’s MGA.
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White will join from Allianz trade, and Summers from Talbot.
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Plus, the latest people moves and all the top news of the week.
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Moretti has relocated to California from London.
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Willis claims at least two $1mn accounts were also unfairly lost to Howden.
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Incumbent Jane Warren will retire at the end of the year.
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The carrier has hired José David Jiménez García as managing director for Germany.
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Scott was most recently head of claims at MGA Geo Underwriting.
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The Ryan Specialty renewables MGA launched an international arm last year.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Pryor-White founded Tarian Underwriting, which was sold to Corvus in 2022.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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The class offers affirmative coverage for gaps in traditional insurance policies.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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The underwriter has worked for Markel in Singapore since 2020.
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Samir Hemsi was CUO at Westfield Syndicate and sat on the firm’s board of directors.
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The newly united company has set out ambitions to double in size by 2030.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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West Hill Capital is the main investor in the capital raise.
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The aviation market has experienced a run of large losses this year.
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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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High capacity is adding to competition in the upstream energy space.
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The firm offered W&I cover with capacity of up to £16mn per transaction.
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The protection gap must be closed before a public cyber reinsurance scheme is possible.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
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The pair have expanded remits overseeing property and specialty.
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Other MGAs in the transactional-liability class are also expanding into the US.
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The MGA secured a “significant strategic investment” from Zurich earlier this year.
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Continental composite carriers aim to smooth volatility with new initiatives.
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Cyberattack/data breach remains in the top slot.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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New sources of capacity lack the expertise to service rapidly developing clients.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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The upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
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Several airlines are understood to have come to market early.
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The company will continue its capacity partnership with the MGA until 2030.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Howden’s portion of the US retailer’s premium is in particular focus.
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The Lloyd’s investment business has cut expenses by 54% over the past six months.
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The deal will be watched closely by Radian’s handful of similar peers.
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Sean McGovern will step down from the role in December.
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Plus, the latest people moves and all the top news of the week.
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Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
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The transaction marks the largest US market entry by a Korean non-life insurer.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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The veteran underwriter said market conditions are still ‘robust’.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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The Corporation’s chair reiterated its aim to reduce the cost of doing business.
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The London broker has also recently hired Michael Lohan from Lockton.
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Global pricing is now 22% below the mid-2022 peak.
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MGA Amiga Specialty launched in May, with backing from investor BP Marsh.
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The report highlighted the gap between insured and uninsured attacks is widening.
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The toll of risk losses sustained by the PVT market this year is mounting.
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Dale Underwriting recently pulled out of standalone offshore energy business.
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Lockton Re has predicted major growth in the global cyber insurance market.
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Plus, the latest people moves and all the top news of the week.
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The mortgage insurer said Inigo will continue to operate as a standalone business.
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The acquisition furthers Howden’s expansion into the US retail space.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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It said the loss did not reflect the underlying economic performance of the business.
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This publication revealed in February the incident was expected to lead to a major claim.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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A decision in relation to who bears which legal costs will be reached at a later date.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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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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Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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The executive joins from MSIG USA.
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The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
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Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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The practice group will enhance the company’s existing offerings in E&S.
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The affirmations reflect Everest’s strong underwriting diversification.
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The carrier started writing construction in Lloyd’s following the acquisition of Probitas.
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Giles has spent more than five years at Themis Underwriting.
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From aviation claims to retention challenges, underlying dynamics will take time to play out.
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The tech firm is building a joint stock company with insurers and investors.
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The Howden MGA established its marine presence in the Netherlands in 2023.
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Chilton founded Capsicum Re, which was acquired by Gallagher in 2020.
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The relationship between growth and capital is “symbiotic”, the broker said.
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Mark Connellan is the latest addition to Bassel Matta’s team.
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Former head of construction Bill Creedon will assume the role of chairman.
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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New capacity continues to flow into the hull market, despite rating pressure.
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An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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Being conservative and stable is the name of the reinsurer’s game.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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The MGA has set a "new market benchmark" for non-US primary tax risk, it said.
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The vehicle will provide a streamlined route for capital to its client MGAs.
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The pair were offered contracts by Willis Re in July.
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Pine Walk has grown substantially and is on course to write $1.2bn of premium this year.
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Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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It is understood that CyberCube has been considering a sale of the business.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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The Swiss carrier appointed a new global energy head earlier this week.
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Heyburn joins from Brit, where he was A&H class underwriter.
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Former Hannover Re CEO Jean-Jacques Henchoz received the Lifetime Achievement award.
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Rönesans covers lines including aviation, energy, engineering and liability.
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The carrier said the decision reflected its commitment to portfolio discipline.
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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
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Growth in the SME sector could help stabilize the market, however.
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Syndicate 1440 was approved to assume business incepting January 2026.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Cyber reinsurance supply has continued to outstrip demand during 2025.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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The executive said claims can be a differentiator in a softening market.
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Donna Swillman is currently a senior underwriter at Axa XL.
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Sébastien Bardy joins from Allianz to lead the firm’s financial scale-up.
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The underwriter has over 20 years' experience in the construction insurance sector.
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The carrier is looking to take a lead position in energy-transition risks.
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Company said defendant ‘distraction’ can’t make up for flimsy arguments.
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Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
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The broker is in hiring mode in specialty after numerous brokers departed for Willis Re.
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Plus, the latest people moves and all the top news of the week.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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The broker has a longstanding trading relationship with US retailer Alliant.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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Paul Jeroen van de Grampel drove Aon's M&A and litigation solutions proposition.
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Submission volume is up 10%-20%, according to sources.
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The broker said it was achievable to place a $2bn vertical limit in the London market.
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He succeeds Felix Cassau, who is joining Hannover Re.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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The division reported revenue up 13.3% at A$465.9mn.
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Parrish, now Howden US CEO, and his colleagues said they didn’t violate contracts.
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Assurex’s global independent broker network pumps $4bn of premium into the London market.
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What happens when a global broker network decides to fill a gap in the London market itself?
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Patton Kline succeeds Glod as US aviation and space practice leader.
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The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
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This publication revealed yesterday that the two were in detailed takeover talks.
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The news comes after the announcement of CEO Graham Evans’ departure.
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A key hearing in the poaching case is set for 4 September in New York.
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She was most recently claims manager at QBE France.
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