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The legacy carrier is to buy the captive from a “very large” multinational firm.
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The cyber market faces significant claim notifications from Change Healthcare clients.
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Its first UK MGA partner signing is expected by the end of this quarter.
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If you only read a handful of stories this week, make it the selection below.
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The vehicle has made at least 19 acquisitions since its 2020 purchase by HGGC.
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The executive announced his departure on LinkedIn, and his next destination was not disclosed.
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Insurers claim that damage from the “detonation of an explosive” is also excluded.
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Giulio Terzariol and Woody Bradford will be CEOs of the insurance and asset management units, respectively.
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Insurers in the emirate typically buy low-attaching reinsurance.
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The US casualty market was “challenging”, the executive said.
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Researchers expect 15-20 named storms to form in the Atlantic Basin.
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This follows February’s cat losses coming in below the $150mn reporting threshold.
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Cyber Quoting will connect global cyber insurers and US distributors.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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A total of 8% of issuers under criteria observation received negative rating actions.
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The deal gives follow form binding authority on behalf of syndicates 1609 and 5399.
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Heather Goodhew serves as a non-executive director at two other companies.
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She joined the carrier as an underwriting assistant over 11 years ago.
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It has appointed Daniel Johnson and Lydia Lambert to run the book.
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Hitesh Kotak has been appointed CEO for Japan, India, Korea and South East Asia.
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The carrier reported a combined ratio of 89.6% for the year.
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Ulrich Kadow will become global head of product management and underwriting transformation.
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Swiss Re is among reinsurers to have the right to limit coverage if conflict widened.
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Dubai International Airport serves 88.2 million customers a year across 240 destinations.
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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Hunt has previously held the role of CUO for the commercial business at RSA.
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The parties completed the acquisition of JRG Re “at the previously agreed upon terms.”
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The facility will offer up to $50mn of coverage per insured vessel.
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Dussuyer has also been appointed head of corporate risk and broking France.
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Insurance Insider revealed this deal in January.
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WTW predicted that ‘meaningful softening’ could creep into energy markets during the year.
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Increased reinsurance retentions left some insurers with their worst net results in a decade.
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Alex Mott and Henry Brown worked in the hull and liability team at Price Forbes.
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Borrel will report to Paul Andrews, CEO of PoloWorks and Polo Managing Agency.
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