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The carrier is rebuilding its energy underwriting team after a number of staff departures. -
After HannoverRe announced a 2025 CEO transition, here is our last review on the company's successes and challenges ahead
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The depth of the retro market recovery will be an influential factor in the pace of the cat market slowdown from here.
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The senior upstream energy broker departed Marsh last autumn.
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It emerged in November that the carrier’s construction head Daniel Abramson was leaving the business.
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The transaction would have been one of the largest the market has seen for years.
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Swiss Re will transfer its Genoa-based hull business to Dual Europe and provide the MGA with underwriting capacity.
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The executive joined the legacy carrier as CIO in 2020.
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Sources said that the market was not sufficiently profitable to concede ground on pricing.
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Envelop SPA 1925 was launched at the start of the year with Chris Baddeley as active underwriter, based in London.
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InsurX launched into the D&F market earlier this month and plans to facilitate the placement of around $30mn of property D&F business.
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The marine entry will be backed by Axeria IARD, SiriusPoint and Sompo International.
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