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Clients are increasingly using captives because of uncertainty around long-term capacity commitments. -
The cyber business will continue to operate as a standalone entity.
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A roundup of all the news you need, including Westfield’s power play and two Hong Kong broker launches and acquisitions.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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Carriers expect a rise in the severity and frequency of claims over the next two years.
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The executive was CEO at PartnerRe until he retired last year.
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The three months to June included a cluster of Guy Carpenter exits.
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The carrier has entered several new classes recently, including specie and reinsurance.
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The MGA has been through a remedial exercise under Acrisure’s ownership.
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The unit will include both ocean and inland marine coverage.
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The carriers remain in takeover negotiations but have not reached a decision around valuation.
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The late March storm caused extensive damage in southern Quebec and Ontario.
