-
The Boeing cargo aircraft was wet leased by Emirates. -
Christopher Reynolds and AJ Jones have been hired as business development directors.
-
The executive is charged with defrauding investors out of nearly $500mn.
-
The two lines will add £11mn in planned premium.
-
Plus, the latest people moves and all the top news of the week.
-
David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
-
The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
-
Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
-
A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
-
IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
-
Ark has been adding new product lines across its three Lloyd’s syndicates.
-
Jamie Smith joined Arch in 2018, taking on the senior underwriter role in 2022.
-
The executive has run the MGA platform since its 2017 inception.
-
Debbie Hobbs joined Miller in 2021 from EmergIn Risk.
-
Michael Shen will be succeeded by deputy Camilla Walker.
-
The carrier has been exploring launching into P&C organically or via acquisition.
-
Brian Church has spent 20 years at Chubb.
-
The group will join forces with SRG subsidiary Miles Smith.
-
The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
-
Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
-
Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
-
Neil Ross was also appointed CUO for the broker’s MGA.
-
White will join from Allianz trade, and Summers from Talbot.
-
Plus, the latest people moves and all the top news of the week.
-
Moretti has relocated to California from London.
-
Willis claims at least two $1mn accounts were also unfairly lost to Howden.
-
Incumbent Jane Warren will retire at the end of the year.
-
The carrier has hired José David Jiménez García as managing director for Germany.
-
Scott was most recently head of claims at MGA Geo Underwriting.
-
The Ryan Specialty renewables MGA launched an international arm last year.
-
Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
-
Pryor-White founded Tarian Underwriting, which was sold to Corvus in 2022.
-
Property underwriters are ‘competing fiercely’ to access mining risks.
-
The specialty insurer was recently acquired by Korean carrier DB Insurance.
-
The class offers affirmative coverage for gaps in traditional insurance policies.
-
Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
-
The underwriter has worked for Markel in Singapore since 2020.
-
Samir Hemsi was CUO at Westfield Syndicate and sat on the firm’s board of directors.
-
The newly united company has set out ambitions to double in size by 2030.
-
Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
-
Jo Smart has worked for Torus and Aegis during his two decades in the market.
-
West Hill Capital is the main investor in the capital raise.
-
The aviation market has experienced a run of large losses this year.
-
What’s driving the wave of shifting ownership structures in the Lloyd’s market?
-
The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
-
Stephan Simon left BMS in June 2024 after almost three years in the role.
-
High capacity is adding to competition in the upstream energy space.
-
The firm offered W&I cover with capacity of up to £16mn per transaction.
-
The protection gap must be closed before a public cyber reinsurance scheme is possible.
-
Spectrum joins investors ForgePoint, Hudson and MTech.
-
Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
-
The pair have expanded remits overseeing property and specialty.
-
Other MGAs in the transactional-liability class are also expanding into the US.
-
The MGA secured a “significant strategic investment” from Zurich earlier this year.
-
Continental composite carriers aim to smooth volatility with new initiatives.
-
Cyberattack/data breach remains in the top slot.
-
Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
-
New sources of capacity lack the expertise to service rapidly developing clients.
-
Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
-
The upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
-
Several airlines are understood to have come to market early.
-
The company will continue its capacity partnership with the MGA until 2030.
-
According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
-
Howden’s portion of the US retailer’s premium is in particular focus.
-
The Lloyd’s investment business has cut expenses by 54% over the past six months.
-
The deal will be watched closely by Radian’s handful of similar peers.
-
Sean McGovern will step down from the role in December.
-
Plus, the latest people moves and all the top news of the week.
-
Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
-
The transaction marks the largest US market entry by a Korean non-life insurer.
-
After losing in the High Court, insurers pin their hopes on the Court of Appeal.
-
The veteran underwriter said market conditions are still ‘robust’.
-
This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
-
The Corporation’s chair reiterated its aim to reduce the cost of doing business.
-
The London broker has also recently hired Michael Lohan from Lockton.
-
Global pricing is now 22% below the mid-2022 peak.
-
MGA Amiga Specialty launched in May, with backing from investor BP Marsh.
-
The report highlighted the gap between insured and uninsured attacks is widening.
-
The toll of risk losses sustained by the PVT market this year is mounting.
-
Dale Underwriting recently pulled out of standalone offshore energy business.
-
Lockton Re has predicted major growth in the global cyber insurance market.
-
Plus, the latest people moves and all the top news of the week.
-
The mortgage insurer said Inigo will continue to operate as a standalone business.
-
The acquisition furthers Howden’s expansion into the US retail space.
-
The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
-
It said the loss did not reflect the underlying economic performance of the business.
-
This publication revealed in February the incident was expected to lead to a major claim.
-
The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
-
A decision in relation to who bears which legal costs will be reached at a later date.
-
The carrier plans to reduce 623’s stamp by around 10% next year.
-
There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
-
Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
-
-
Vantage Group Holdings received a BBB- long-term issuer credit rating.
-
Property remains the dominant line, accounting for nearly 30% of total London premiums.
-
The executive joins from MSIG USA.
-
The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
-
Plaintiffs allege that manufacturers and retailers have broken environmental laws.
-
The practice group will enhance the company’s existing offerings in E&S.
-
The affirmations reflect Everest’s strong underwriting diversification.
-
The carrier started writing construction in Lloyd’s following the acquisition of Probitas.
-
Giles has spent more than five years at Themis Underwriting.
-
From aviation claims to retention challenges, underlying dynamics will take time to play out.
-
The tech firm is building a joint stock company with insurers and investors.
-
The Howden MGA established its marine presence in the Netherlands in 2023.
-
Chilton founded Capsicum Re, which was acquired by Gallagher in 2020.
-
The relationship between growth and capital is “symbiotic”, the broker said.
-
Mark Connellan is the latest addition to Bassel Matta’s team.
-
Former head of construction Bill Creedon will assume the role of chairman.
-
Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
-
New capacity continues to flow into the hull market, despite rating pressure.
-
An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
-
Being conservative and stable is the name of the reinsurer’s game.
-
The aviation market may prove an outlier following a disastrous year of loss activity.
-
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
-
The MGA has set a "new market benchmark" for non-US primary tax risk, it said.
-
The vehicle will provide a streamlined route for capital to its client MGAs.
-
The pair were offered contracts by Willis Re in July.
-
Pine Walk has grown substantially and is on course to write $1.2bn of premium this year.
-
Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
-
The Argenta-backed MGA is already active in the cargo and property classes of business.
-
It is understood that CyberCube has been considering a sale of the business.
-
Ryan Alternative Capital Re was launched in partnership with Axis Capital.
-
The Swiss carrier appointed a new global energy head earlier this week.
-
Heyburn joins from Brit, where he was A&H class underwriter.
-
Former Hannover Re CEO Jean-Jacques Henchoz received the Lifetime Achievement award.
-
Rönesans covers lines including aviation, energy, engineering and liability.
-
The carrier said the decision reflected its commitment to portfolio discipline.
-
Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
-
Growth in the SME sector could help stabilize the market, however.
-
Syndicate 1440 was approved to assume business incepting January 2026.
-
Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
-
Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
-
The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
-
The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
-
Cyber reinsurance supply has continued to outstrip demand during 2025.
-
In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
-
The executive said claims can be a differentiator in a softening market.
-
Donna Swillman is currently a senior underwriter at Axa XL.
-
Sébastien Bardy joins from Allianz to lead the firm’s financial scale-up.
-
The underwriter has over 20 years' experience in the construction insurance sector.
-
The carrier is looking to take a lead position in energy-transition risks.
-
Company said defendant ‘distraction’ can’t make up for flimsy arguments.
-
Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
