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The executive is charged with defrauding investors out of nearly $500mn. -
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.
