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More broadly, the firm is looking at over 100 potential mergers in its pipeline, with ~$1.5bn acquired revenue. -
The underwriter resigned last year and had been due to launch a renewables book at Globe Underwriting.
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Overall, insurance rates fell by 1%, led by competition in property.
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The vehicle will leverage global reinsurance market capacity in the event of a natural disaster.
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A roundup of all the news you need today, including a LMA report on the need for insurers to understand insureds’ low-carbon transition.
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Chandler stepped down as CEO in January to take the role of vice chair.
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The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.
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Chris Cane and Jaime Hunwicks join from Talbot, Jonathan Bint from Chaucer and Molly Ashcroft from Axis.
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The loss of the major account has been a substantial hit to budgets for some carriers.
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A roundup of all the news you need today, including Lockton head of A&H Robert Rechtern’s move to PIU.
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Robert Rechtern has spent the last two years at Lockton as head of A&H, sport & contingency.
