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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer. -
The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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The London MGA is considering various options, including a minority investor.
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The carrier recently expanded its reinsurance product suite in Bermuda.
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A roundup of all the news you need, including our analysis of the recent AWS outage.
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The number of syndicates traded at auction was the highest for a decade.
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Plus, the latest people moves and all the top news of the week.
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A canvassing of the cyber market suggests the impact will be negligible.
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The range allows “for information that could emerge beyond what is known today”.
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The appointments are aimed at offering a clearer team structure.
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Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
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The EUR100mn+ Ebitda firm is courting both PE and trade suitors.
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Beazley is one of the key leaders in the London marine marketplace.
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Ben Hanback joins from Aon, where he spent almost a decade.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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The carrier is looking to achieve sustainable growth across its personal lines business.
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A roundup of all the news you need, including Acrisure's plans for a Funds at Lloyd’s vehicle.
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The hire will lead the firm’s UK and Europe operations.
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Lloyd’s investment vehicles have been shelved in past years but a strong run of returns is creating interest.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Bill Ross has been CEO of the non-profit for 21 years.
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The financial services growth strategy could be “turbo-charged” by involving brokers, it said.
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A roundup of all the news you need, including the latest instalment in our AI series.
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AWS suffered a large-scale service disruption originating in northern Virginia.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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Sam Geddes will join Syndicate 1918 next year in an executive leadership role.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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The company noted tougher market conditions and higher large losses during the year.
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A roundup of all the news you need, including KKR and Quadrantis’s new stakes in Peak Re.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The investor has made four new investments post-H1.
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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
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The hire follows the departure of David Martin to GIC Re Syndicate.
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The London-based executive will relocate to Daytona Beach, Florida.
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The Boeing cargo aircraft was wet leased by Emirates.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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A roundup of all the news you need, including our exclusive on the ACT Airline crash.
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The syndicate says it will not set any top-line targets on digital follow strategies.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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Munich Re is among the insurers with a stake in the German carrier.
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The executive is charged with defrauding investors out of nearly $500mn.
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The two lines will add £11mn in planned premium.
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The broker will report to Howden US CEO Mike Parrish.
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The protection covers the US insurance book for the 2024 and prior accident years.
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The change forms part of a broader leadership reorganisation.
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As two working member vacancies are arising on the Council, a ballot will be held.
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A roundup of all the news you need, including our interview with IGI CEO Waleed Jabsheh.
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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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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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