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The Jay Rittberg-led program manager kicked off a strategic process in August. -
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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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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A roundup of all the news you need, including our deep dive into entry-level hiring.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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Rachel Webber was most recently head of non-marine at TransRe.
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Jamie Smith joined Arch in 2018, taking on the senior underwriter role in 2022.
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The executive has run the MGA platform since its 2017 inception.
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A roundup of all the news you need, including our Canopius cyber exclusive.
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Debbie Hobbs joined Miller in 2021 from EmergIn Risk.
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Michael Shen will be succeeded by deputy Camilla Walker.
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The report seeks to arm parliamentarians and policymakers with “practical tools”.
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Though wildfire losses are up, total losses are the lowest since 2015.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Brian Church has spent 20 years at Chubb.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The reshuffle is likely laying the foundations for the eventual succession to CEO Mario Greco.
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The group will join forces with SRG subsidiary Miles Smith.
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Class actions and third-party litigation funding will drive up losses.
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A roundup of all the news you need, including our interview with Diot-Siaci's CEO.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
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Neil Ross was also appointed CUO for the broker’s MGA.
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The international division is seeking a new London market manager.
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A roundup of all the news you need, including our interview with Arcadian’s John Boylan.
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Jennings will reunite with Cameron-Williams, who he worked with at BDO.
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The London-based pair will report to commercial risk UK CEO Rob Kemp.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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The governor has yet to sign a pending bill to create a public cat model.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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A roundup of all the news you need, including our Axis credit and political risk scoop.
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White will join from Allianz trade, and Summers from Talbot.
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Plus, the latest people moves and all the top news of the week.
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The reinsurer plans to grow its US business at a higher rate than its non-US business.
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Moretti has relocated to California from London.
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Willis claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Incumbent Jane Warren will retire at the end of the year.
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A roundup of all the news you need, including our scoop on AmTrust’s latest claims hire.
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The carrier has hired José David Jiménez García as managing director for Germany.
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Scott was most recently head of claims at MGA Geo Underwriting.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
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The Ryan Specialty renewables MGA launched an international arm last year.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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A roundup of all the news you need, including confirmation of Scascighini becoming CUO for casualty at Swiss Re.
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Pryor-White founded Tarian Underwriting, which was sold to Corvus in 2022.
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In July, he took the role on interim basis from Laure Forgeron.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The recruits will join from Nephila, Aon and Malaysian Re.
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Declared events totalling just under A$2bn ($1.3bn) included one cyclone and two floods.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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The carrier is planning a limited relaunch into the UK D&O market.
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A roundup of all the news you need, including OneGlobal’s first acquistion.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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It comes as the MGA expects to write more than $1bn of premium in 2026.
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The underwriter has worked for Markel in Singapore since 2020.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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A roundup of all the news you need, including Marsh McLennan’s wholesale team launch.
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The carrier will pay special dividends only in exceptional circumstances.
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Samir Hemsi was CUO at Westfield Syndicate and sat on the firm’s board of directors.
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Joel Hodges will run the international business as managing director.
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Panellists at Insider Progress shared fixes for bias, confidence and culture.
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The newly united company has set out ambitions to double in size by 2030.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The former civil servant joined the Corporation in October 2021.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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West Hill Capital is the main investor in the capital raise.
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Volante launched Syndicate 1699 in 2021.
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Improved performance and growing investment returns played a role in the upgrade.
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The aviation market has experienced a run of large losses this year.
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The business has been ~70% owned by White Mountains since January 2024.
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A roundup of all the news you need, including the latest Behind the Headlines podcast.
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Plus, the latest people moves and all the top news of the week.
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Julia Graham played a key role in the UK's introduction of captive-friendly regulation.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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The executive has worked at Aon for almost two decades.
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The executive was most recently serving as CRO – insurance.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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A roundup of all the news you need, including Nexus’ W&I withdrawal.
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The facility will initially focus on US, Bermudian and European business.
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High capacity is adding to competition in the upstream energy space.
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The firm offered W&I cover with capacity of up to £16mn per transaction.
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She previously served as Hub’s North American casualty practice leader.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
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The pair have expanded remits overseeing property and specialty.
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Other MGAs in the transactional-liability class are also expanding into the US.
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A roundup of all the news you need, including Acquinex’s US expansion.
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The MGA secured a “significant strategic investment” from Zurich earlier this year.
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Cyberattack/data breach remains in the top slot.
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Kantara now holds a majority stake in the MGA, with the rest held by employees.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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The vehicle will now cover an E&S program jointly launched with Accredited.
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New sources of capacity lack the expertise to service rapidly developing clients.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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A roundup of all the news you need, including Abbas Juma's departure from Howden.
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The upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
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The company will continue its capacity partnership with the MGA until 2030.
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Susan Langley will look to strengthen global business ties and promote UK growth.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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Howden’s portion of the US retailer’s premium is in particular focus.
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The underwriter has worked at Hiscox, Lloyd’s, Chubb and Zurich.
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Legacy reinsurance deals will be reviewed by the Legacy Review Panel.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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Tom Potter was global casualty underwriting manager for UK & Lloyd’s at Axa XL.
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A roundup of all the news you need, including Helios’ H1 results.
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The Lloyd’s investment business has cut expenses by 54% over the past six months.
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Sean McGovern will step down from the role in December.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months. In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
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The pair hail from Dale Underwriting and Axa XL, respectively.
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The tropical cyclone is expected to be named Imelda.
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A roundup of all the news you need, including DB’s acquisition of Fortegra.
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Plus, the latest people moves and all the top news of the week.
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The transaction marks the largest US market entry by a Korean non-life insurer.
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Georges De Macedo will remain within the group as a board member.
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The executive has been with ASG since it was formed in 2016.
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A roundup of all the news you need, including our aviation analysis.
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Aon’s Enrico Vanin will lead the platform as CEO.
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The veteran underwriter said market conditions are still ‘robust’.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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The Corporation’s chair reiterated its aim to reduce the cost of doing business.
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The sponsorship deal comes ahead of the Winter Olympics and Paralympic Games next year.
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The London broker has also recently hired Michael Lohan from Lockton.
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Global pricing is now 22% below the mid-2022 peak.
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MGA Amiga Specialty launched in May, with backing from investor BP Marsh.
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A roundup of all the news you need, including Miller's latest energy hire.
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Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
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The rating action follows the upgrade of Italy's sovereign rating earlier this month.
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He will spearhead the division’s launch slated for 2026, which will be the first product launch for ICW Group’s specialty unit.
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The report highlighted the gap between insured and uninsured attacks is widening.
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The broker’s headline Ebitda was $20mn, up from $5.6mn in 2023.
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The toll of risk losses sustained by the PVT market this year is mounting.
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A roundup of all the news you need, including our analysis of the 2025 hurricane season.
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IAG completed its takeover of RACQ last month.
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The executive met with UK colleagues to discuss plans for the US business.
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The change in reinsurance intermediary follows an RFP for the account.
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Dale Underwriting recently pulled out of standalone offshore energy business.
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A roundup of all the news you need, including Super Typhoon Ragasa.
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The major storm is set to move on to mainland China later in the week.
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The economic loss from the event was around EUR7.6bn.
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The move comes as the broker rebuilds its Bermuda team.
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Lockton Re has predicted major growth in the global cyber insurance market.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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A roundup of all the news you need, including our interview with Sir Charles Roxburgh.
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Plus, the latest people moves and all the top news of the week.
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The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
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Louis Tucker helped establish Barbican Insurance, which was later sold to Arch in 2019.
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Losing senior women creates a knock-on effect as juniors lose role models.
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The mortgage insurer said Inigo will continue to operate as a standalone business.
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The acquisition furthers Howden’s expansion into the US retail space.
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The CEO said the lack of portfolio crossover was highly attractive to Inigo.
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More general issues at recruitment level include drawing from too narrow a pool.
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The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
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Alessa Quane will report to Sompo P&C CEO James Shea.
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The deal becomes part of a wave of carrier dealmaking.
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A roundup of all the news you need, including Radian’s $1.7bn acquisition of Inigo.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
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The deal marks the latest step in Catalina’s shift from P&C to life run-off.
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The broker said insurers were facing increasing pressure to improve financial performance in claims.
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It said the loss did not reflect the underlying economic performance of the business.
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This publication revealed in February the incident was expected to lead to a major claim.
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The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
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A roundup of all the news you need, including a ruling in the High Court aviation appeal.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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A decision in relation to who bears which legal costs will be reached at a later date.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The combined casualty treaty team has also made a number of hires.
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Age has not been addressed as much as other areas of diversity, the panel said.
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There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
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The sidecar will support five programs providing specialty frequency coverages.
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Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
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A roundup of all the news you need, including an aviation volte face at Guy Carpenter.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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Her predecessor will become head of US excess casualty and operations.
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Reinsurer executives stressed that the industry worked hard on setting the right structure.
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The business has ramped up its underwriting volume since launching in Lloyd’s last July.
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The executive joins from MSIG USA.
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The assistant treasurer is also due to review the Australian cyclone pool.
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Insurance Insider reported earlier today of the asset manager’s foray into the MGA space.
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The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
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The business said it was experiencing strong momentum on the Island.
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Ex-Western Europe CRB head Alberto Gallego and colleagues left for a Marsh joint venture.
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The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
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A roundup of all the news you need, including a new Johns Manville lawsuit.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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The practice group will enhance the company’s existing offerings in E&S.
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The affirmations reflect Everest’s strong underwriting diversification.
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The carrier started writing construction in Lloyd’s following the acquisition of Probitas.
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A roundup of all the news you need, including our Themis exclusive.
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Plus, the latest people moves and all the top news of the week.
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Giles has spent more than five years at Themis Underwriting.
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Losses were primarily driven by personal property lines.
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He was appointed CUO of casualty, Americas, in July last year.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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The tech firm is building a joint stock company with insurers and investors.
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The new recruit will report to group CUO Ian Houston.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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The Howden MGA established its marine presence in the Netherlands in 2023.
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A roundup of all the news you need, including BPL’s appointment of Grahame Chilton.
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The new division will be led by Terry Fitzgerald, who has previously led the finpro portfolio.
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Chilton founded Capsicum Re, which was acquired by Gallagher in 2020.
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Models anticipate a busier second half, particularly in the next few weeks.
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The carrier’s US and Europe claims teams will report to Clayden.
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The platform aims to “bend the loss curve”.
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The relationship between growth and capital is “symbiotic”, the broker said.
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Mark Connellan is the latest addition to Bassel Matta’s team.
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A roundup of the breaking news, C-suite interviews and exclusive insights.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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A roundup of all the news you need, including Atrium's latest aviation hire.
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Lenders include Morgan Stanley, Permira and Bridgepoint.
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The carrier’s chief buyer urged a partnership approach from reinsurers.
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Cat bonds have outperformed private ILS strategies in the YTD, according to ILS Advisers.
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Former head of construction Bill Creedon will assume the role of chairman.
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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While investors recently have favored the “instant gratification” of supporting brokers and MGAs, start-up reinsurer Mereo CEO David Croom-Johnson said he thinks capital will “fall back in love” with balance-sheet companies who deliver consistent profitable results.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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New capacity continues to flow into the hull market, despite rating pressure.
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Bill Bouvier has spent more than three years at the legacy firm in this role.
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An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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A roundup of all the news you need, including Mosaic’s Lloyd’s syndicate.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Geopolitical turbulence brings new challenges that primary specialty lines carriers urgently need to address.
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Being conservative and stable is the name of the reinsurer’s game.
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Scale is increasingly becoming a differentiator for reinsurance carriers, the broker noted.
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The sector recorded total premiums written in London of £11.9bn in 2024
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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The MGA has set a "new market benchmark" for non-US primary tax risk, it said.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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The vehicle will provide a streamlined route for capital to its client MGAs.
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A roundup of all the news you need, including the new CEO of Santam syndicate 1918.
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The company, however, sets a high bar on making a move.
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Hannover Re Capital Partners is in talks with two investors for 1 January launch.
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The pair were offered contracts by Willis Re in July.
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The former Hannover Re CEO said reinsurers must use alternative capital and tech.
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Pine Walk has grown substantially and is on course to write $1.2bn of premium this year.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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Earnings covers do not need to equal aggregate reinsurance deals, the broker said.
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Anticipation, motivation and inspiration are central to effective implementation.
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Reinsurers are ready to draw a line under a worsening claim outlook across the casualty market.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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Paul Campbell details how the most profitable insurers act during a soft versus hard market.
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CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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Swiss Re forecasts more risk transferring to reinsurance and retro markets in the future.
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Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
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Excess capacity will sustain softer rates, as organic growth challenges lead to more M&A chatter.
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Reinsurance CEO Wakefield said reinsurance structures may evolve for prolonged growth.
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Agency reactions ranged from Fitch revising down its sector outlook to AM Best keeping a positive outlook.
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The CEO said the AHJ acquisition brought a ‘step change’ to Miller’s reinsurance growth.
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The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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The departure follows an investigation into an “offensive” email sent by Rouse.
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It is understood that CyberCube has been considering a sale of the business.
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Rates will remain elevated in a period of structurally higher risk premia.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Mark ‘Ollie’ Hollingworth has held his current role at Atrium since 2017.
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Tim Barber joins from QBE Re, where he was head of North America.
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A roundup of all the news you need, including Generali’s MGA plans.
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Plus, the latest people moves and all the top news of the week.
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Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.
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The California wildfires showed reinsurers can absorb major cats and remain profitable.
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The insurer has been under review with positive implications since March.
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It was announced this week that the business had agreed to be acquired by Skyward Specialty.
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Skyward’s acquisition of Apollo will provide access to the London Bridge framework.
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The treaty underwriter is set to run an MGA within the group.
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The executive stepped down from Oneglobal in July after five years leading the firm.
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The Swiss carrier appointed a new global energy head earlier this week.
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Heyburn joins from Brit, where he was A&H class underwriter.
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Rachel Turk said product-line facilities had been “under-scrutinised”.
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Former Hannover Re CEO Jean-Jacques Henchoz received the Lifetime Achievement award.
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Rönesans covers lines including aviation, energy, engineering and liability.
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The carrier said the decision reflected its commitment to portfolio discipline.
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A roundup of all the news you need, including Lloyd's results and London personnel moves.
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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
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Gross written premium was up 6% year on year.
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Lloyd’s will keep heritage systems operationally resilient until at least 2030.
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Growth in the SME sector could help stabilize the market, however.
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Syndicate 1440 was approved to assume business incepting January 2026.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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The executive most recently served as head of North American treaty reinsurance.
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The executive has worked at RFIB, Benfield and Guy Carpenter during his 30-year career.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
-
A roundup of all the news you need, including CFC’s appointment of Jane Poole as CFO.
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Jane Poole will succeed Michael Grist, who exits after nearly 16 years.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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The executive said claims can be a differentiator in a softening market.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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Donna Swillman is currently a senior underwriter at Axa XL.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Farnworth will also chair the carrier’s audit committee.
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The data modeling firm said losses previously averaged $132bn annually.
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The ratings agency warned negative PYD on US casualty will likely continue.
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Signs of discipline indicate a “break” from past boom/bust market cycles.
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Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.
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The ratings agency was presenting its outlook ahead of the Monte Carlo Rendez-Vous.
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The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
-
Strong CoRs and investment returns supported profitability in H1 2025.
-
A roundup of all the news you need, including Gallagher Re’s H1 reinsurance report.
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Sébastien Bardy joins from Allianz to lead the firm’s financial scale-up.
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The underwriter has over 20 years' experience in the construction insurance sector.
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The deal ends Livingbridge’s two-year attempt to sell the UK broking/MGA platform.
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The carrier is looking to take a lead position in energy-transition risks.
-
A roundup of all the news you need, including Bain’s acquisition of Jensten.
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Henrietta Butcher leaves Tysers after decades with the broker.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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James River said the court was right to dismiss the fraud case.
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Company said defendant ‘distraction’ can’t make up for flimsy arguments.
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The violations included not using propertly appointed adjusters and failing to pay claims.
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Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
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The broker is in hiring mode in specialty after numerous brokers departed for Willis Re.
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A roundup of all the news you need, including further Sompo/Aspen news.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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Plus, the latest people moves and all the top news of the week.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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The reinsurance veteran joined Aon nearly 20 years ago from Cooper Gay.
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The executive will buy reinsurance for HDI and Talanx’s corporate unit.
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A roundup of all the news you need, including Jeremy Goodman’s exit from Aon.
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The broker has a longstanding trading relationship with US retailer Alliant.
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The firm has also updated the loss-calculation engines of existing Jeannie tools.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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The all-cash deal values the Bermudian’s stock at a 36% premium.
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This publication first reported deal talks last week.
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A roundup of all the news you need, including AM Best on reinsurers’ return on capital.
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Last year marked the second consecutive year in which carriers made a positive return.
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Paul Jeroen van de Grampel drove Aon's M&A and litigation solutions proposition.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
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The broker said it was achievable to place a $2bn vertical limit in the London market.
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A roundup of all the news you need, including AUB results.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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The group claims the White House is undermining disaster preparedness.
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He succeeds Felix Cassau, who is joining Hannover Re.
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The division reported revenue up 13.3% at A$465.9mn.
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Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
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Parrish, now Howden US CEO, and his colleagues said they didn’t violate contracts.
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The Bermudian reiterated its pledge to improve performance.
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The broker announced the launch of its cross-class facility this week.
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A roundup of all the news you need, including our Gemini capacity-provider exclusive.
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Plus, the latest people moves and all the top news of the week.
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Assurex’s global independent broker network pumps $4bn of premium into the London market.
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Patton Kline succeeds Glod as US aviation and space practice leader.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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A roundup of all the news you need, including Howden’s aviation reinsurance mid-year report.
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The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
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This publication revealed yesterday that the two were in detailed takeover talks.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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The news comes after the announcement of CEO Graham Evans’ departure.
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A key hearing in the poaching case is set for 4 September in New York.
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A roundup of all the news you need, including the appointment of QBE’s head of European claims.
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Worsening trading conditions in the D&O market are leading to staff cutbacks.
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She was most recently claims manager at QBE France.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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Bartlett is the latest in a series of talent moves in the construction market.
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The deal comes amid heightened interest in German distribution assets.
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A roundup of all the news you need, including HDI Global’s H1 results.
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The combined ratio worsened slightly by 0.5 points to 91.6%.
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The deal was announced last month.
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The update will enable structured data capture early in the placing process.
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Claude Wade is to step down from his role to address ongoing health issues.
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Placement head Delchar said Gemini will be available across its global book of in-scope risks.
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The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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There has already been an influx of new capacity from MGAs into the power market.
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The carbon-credit insurer has appointed James Morrell head of credit underwriting.
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A roundup of all the news you need, including Oka's entry into green credit.
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Candy Wong spent 30 years at Aon Re China before a stint at Guy Carpenter.
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This is the first rate filing to use the recently approved Verisk model.
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The company was hit with a data breach on July 16.
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Signature of the exit plan is needed for cutover in 2026.
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Plus, the latest people moves and all the top news of the week.
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The move is a retaliation to Howden’s US retail launch.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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The broker has been on an aggressive hiring spree overseen by Lucy Clarke.
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The CEO said the carrier will prioritise margin over top-line growth.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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A roundup of all the news you need, including Swiss Re's H1 results.
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Covea had requested a stay in the proceedings.
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Nat-cat events triggered A$1.36bn of losses during the year.
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The overseas division booked a combined ratio of 94% for the quarter.
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Beth MacGregor and Adam Vulliamy are also set to join from Axis Capital.
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The P&C division booked a combined ratio of 81.1% for the first half of 2025.
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The carrier also reported a slightly improved combined ratio of 94.6%.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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Company alum David Murie will lead the new business unit.
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The insurer has substantially expanded its marine team in recent years.
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Simon Clegg will leave Syndicate 609 after 25 years.
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The London carrier missed consensus on gross and net premiums for H1.
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Property MGA Arden Insurance Services specialises in multi-family habitations.
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A roundup of all the news you need, including Beazley's H1 results.
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The carrier’s profit grew 34% for the year to A$1.35bn.
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The carrier booked top-line growth of 2% in H1.
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Rates were down 3.9% across its portfolio in the first half of 2025.
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Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.
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The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
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The airline has exercised a break clause to renew its cover six months earlier.
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The estimate covers property and vehicle claims.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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The Hannover Re CEO said rate adequacy remains “attractive” overall.
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Steven Crabb will become deputy chairman on the insurance solutions division.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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A roundup of all the news you need, including Qatar Airways’ hull war cover.
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The carrier is the first Fortune 500 company to take a stake in a League Two club.
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Ex-Tysers chairperson Dan Lott heads the consultancy as CEO.
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California wildfires were the reinsurer’s largest H1 loss, at EUR615.1mn.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates.
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The repricing on the broker’s $3.1bn term loan will save an estimated $8mn per year.
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A number of staff will be leaving the D&O team as a result of the restructuring.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Robert James is set to join the Bassel Matta-led team.
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A roundup of all the news you need, including The Fidelis Partnership’s new CFO.
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Connor O’Riordan has served as chief capacity officer and group head of corporate finance.
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He joins from MS Amlin, where he was lead underwriter for US casualty.
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Both organisations still predict an above-average hurricane season.
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Tom Hester joined the broker in 2018 as SVP.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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Philip Dalton succeeds partner Colin Hasler, who has retired after a 42-year career.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
-
A roundup of all the news you need, including our exclusive on Atrium’s aviation losses.
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California wildfire losses were partially offset by improved underlying underwriting.
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Plus, the latest people moves and all the top news of the week.
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The P&C re segment’s combined ratio improved by 12.7 points to 61.0%.
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The family-owned group is embarking on a major international expansion.
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It is targeting low-risk specialty lines where it has a competitive edge.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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The transaction is expected to close later this year.
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The carrier reported an increase of 82% in pre-tax income.
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The forecast has increased since the early July update due to several additional factors.
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The underwriter left Navium Marine last year and before that worked at Atrium.
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The move will impact around $50mn of gross written premiums in total.
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Tokio Marine HCC was below plan on income as the carrier prioritised bottom line.
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A roundup of all the news you need, including a London marine move at Scor..
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The carrier’s overall P&C combined ratio improved 1.8 points to 91.2%.
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The Swiss carrier improved its P&C combined ratio by 1.2 points to 92.4%.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Cat losses of $1.5mn, net of reinsurance, were primarily due to severe convective storms.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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Written premium increased by 31% to $2.41bn as top-line growth brought expense ratios down.
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Duc Tu and Lucy Howard have resigned from Atrium.
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This publication reported yesterday that Talanx was closing in on the sale.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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CEO Alex Maloney said Lancashire’s growth was “more measured” amid softening.
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Natural catastrophe claims remained consistent compared with the prior year.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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A roundup of all the news you need, including Hiscox results.
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The loss was driven by nat cats and reserve adjustments in US casualty.
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California wildfires account for $40bn of the insured loss tally in H1.
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The carrier also announced an increased share-buyback programme.
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The carrier said most lines remained well priced despite increased competition.
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Prior-year reserve development moved to a $6.3mn charge in Q2 from a $19.3mn release a year ago.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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The company also purchased $15mn of SCS parametric coverage.
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The specialty reinsurer also saw several bad investments hit the books.
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The broker said that there could be a flattening of rate decreases in the hull market in 2026.
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A limited number of broking staff are also leaving the business, including downstream head Dan Nicholls.
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Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.
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The executive has spent more than three decades in insurance.
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Arch will continue to provide long-term capacity for the MGA.
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A roundup of all the news you need, including our interview with Sheila Cameron.
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The LMA head also praised Velonetic for transparency on Blueprint 2.
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The company has also expanded its relationships with US and UK MGAs.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Group CEO David Howden says: ‘Our doors are open’.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The leadership transition at the syndicate was announced earlier this year.
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The newly created role consolidates leadership across UK entities.
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The carrier also benefitted from favourable reserve development in property and A&H.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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A roundup of all the news you need, including an appointment at Euclid Financial and Professional Lines.
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The underwriter was head of financial institutions at LSM for six years.
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Matthew Doherty joined the reinsurer in 2018 as SVP, property portfolio manager.
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The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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The suit asserts the raid will cause “incalculable harm” to the broker.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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The Canadian insurer saw property rates dip across its global divisions.
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Nadia Beckert was promoted to Bermuda CUO in March.
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The MGA will initially focus on credit, energy and construction.
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The business posted a 95.2% undiscounted combined ratio.
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A roundup of all the news you need, including Axa’s H1 results.
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Alistair Lester joins from Aon, where he has worked for the past eight years.
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Plus, the latest people moves and all the top news of the week.
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The transaction is expected to have a price-to-earnings multiple of 11x.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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The French carrier’s first-half revenues were driven by 6% growth in P&C.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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A majority of staff not offered jobs at Ryan Re will remain at Markel to manage the run-off.
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The Miami-based executive assumes the role left vacant by April McLaughlin.
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DB reiterated that no final decisions have been made regarding a potential deal.
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The executive was previously head of excess casualty, North America.
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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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Stacey Hinton and Max Elliot are set to join Ark from Markel International.
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Specialty casualty now accounts for around 22.2% of its insurance business mix.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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In May, we revealed that Lockton's James Campbell is leaving for a role in HWF’s real estate team.
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Director of competition Graeme Reynolds will cover role until a replacement is found.
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Joanne Barry and Robert Fox also left the business earlier this year.
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Andrew Laing succeeds Rupert Moore, who will become reinsurance CEO for Asia Pacific.
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Nicolau Daudt will become global specialty CEO, as previously announced.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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A roundup of all the news you need, including our exclusive on Air India.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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The firm will target mid-market risks with TIVs of $25mn-$1bn.
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Nationwide will delegate management of the policies to Ryan Specialty.
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Sources have identified facilities as a different source of rising commissions.
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The P&C segment posted an 82.5% combined ratio for the quarter.
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Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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The broker is looking to move as much of the book away from its adversary as possible.
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The company provides management workflow for residential contractors.
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Pricing was “virtually flat” in the second quarter.
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The CEO said business remains adequately priced in most classes.
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The carrier is reducing its exposure to quota shares and shifting to XoL.
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A roundup of all the news you need, including Conduit Re's H1 results.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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The broker has noted that double-digit reductions are increasingly available in property.
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The carrier said market dynamics were shifting due to increased capacity.
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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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The loss ratio rose 1.9 points to 53.1%, while the expense ratio ticked up 0.6 points to 28.1%.
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The carrier had $20mn in reserve releases in the quarter, compared to nil in Q2 2024.
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This brings the carrier’s total limit on the program to $1.8bn.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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Matthew Flynn joins from RenaissanceRe.
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A roundup of all the news you need, including Marsh’s lawsuit against Mike Parrish.
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The firm has quadrupled its Ebitda since 2022.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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The facility was previously for commercial risk clients.
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The UK carrier will write business that falls in the scope of the FSCS.
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The broker has recruited from its rival as it looks to launch Willis Re 2.0.
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The search for a successor to lead Syndicate 1200 is underway.
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The reduced fine reflected the PRA view that the breaches weren’t deliberate.
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North American carriers completed the most transactions in the first half of 2025.
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Goldman Sachs and Cinven have also participated in the German broker’s sale process.
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Demian Smith joins from Guy Carpenter.
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A roundup of all the news you need, including Volante's new CEO.
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The fronting insurer will be able to support MGAs across the 27 EU states.
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The figure updates an April estimate of EUR696mn.
-
The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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PE owner Livingbridge brought the broker to market two years ago.
-
A roundup of all the news you need, including Aon’s Q2 results.
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The firm is currently working with 13 MGAs, including QMetric and Eaton Gate.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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Plus, the latest people moves and all the top news of the week.
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The insurer is weighing up options including entering new geographies and M&A.
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The former Everest executive has more than 30 years of A&H experience.
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Wind season remains an important variable, but also might not change current dynamics significantly.
-
Jill Beggs was most recently COO for reinsurance.
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The reinsurance unit’s combined ratio for the quarter was 94.2%.
-
Doan Nguyen-Huu also succeeds Claudia Valencia Lascar as unit head.
-
Group CEO Tavaziva Madzinga said it might explore Lloyd’s Names backing in the future.
-
The company has also opened a fac office in Singapore.
-
A roundup of all the news you need, including MS Amlin’s new CEO appointment.
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Property rates declined by 7% globally in the second quarter.
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Jim Franson joins from Validus Re, where he was US president.
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Lucy Fraser has held roles at the ABI, and the City of London Corporation.
-
Dart succeeds Andrew Carrier, who will retire at the end of the year.
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The property segment reported a CoR of 27.4% for the quarter, down 26.5 points year on year.
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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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Bridges joins from QBE, where he spent over 17 years.
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CFO Christoph Jurecka will succeed as management board chair.
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Some 185 credit claims were reported in the market, totalling over $400mn.
-
A roundup of all the news you need, including Darag’s service agreement with Unipol.
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Frank Masteling will lead the new business as head of trade credit.
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The agreement is the second service contract the group has taken on.
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The Asta-managed syndicate aims to commence underwriting later this year.
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The insurer denies it is responsible for the actor’s legal fees.
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The carrier’s top line grew to $890m in the first half of 2025.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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Sources said MarshBerry is advising the underwriter.
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Incumbent Oskar Buchauer is stepping down after 27 years.
-
Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
-
A roundup of all the news you need, including cyber MGA Intangic’s dissolution.
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The exit is by mutual agreement, according to the association.
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The MGA no longer has an FCA licence and was wound up in May.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
-
The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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Underscoring a more competitive market, the structure includes an escalating premium.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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Atradius Syndicate 1864 is expected to begin underwriting next year.
-
Lloyd’s has confirmed the departure of two senior leaders.
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A roundup of all the news you need, including new appointments at Canopius.
-
The carrier has also hired Imogen Wright as underwriter marine and energy treaty.
-
Alcor has also opened an Atlanta office, broadening operations in the US market.
-
Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
-
BI claims are notoriously difficult to manage and some insurers believe binary coverage can help.
-
Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
-
Fidelis, Liberty and Hive are among the insurers with the greatest exposure.
-
A roundup of all the news you need, including our analysis of the space market.
-
The medical professional liability firm is targeting further healthcare opportunities.
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Plus, the latest people moves and all the top news of the week.
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Claims were concentrated in the US, with a significant increase in D&O class actions.
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The broker said the appointments are designed to drive growth.
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The technology will help analyse growing and emerging risks, especially climate change.
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The carrier has appointed Roberts Proskovics as renewable energy risk management head.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
The medical liability carrier said the deal marks a strategic shift.
-
Total revenues grew 12% due to the contribution from acquisitions.
-
A roundup of all the news you need, including Marsh McLennan results.
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SiriusPoint will provide 100% capacity for Pen’s international PI portfolio.
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Kathleen Durling joins from Simply Business.
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The suit claims billions of dollars are being illegally withheld.
-
In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
-
Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
-
The latest hires follow Rob Hale’s move to Willis.
-
Peter Cordell will join Syndicate 1729 in January.
-
John Neal was due to start at Aon as global reinsurance CEO in September.
-
Airmic has been lobbying the government to introduce a captives framework for years.
-
The former Lloyd’s CEO will not make his planned move to Aon.
-
Ian Roberts joined the law firm in 2013.
-
A roundup of all the news you need, including AIG’s hiring of John Neal.
-
The broker made several senior energy hires from Marsh last year.
-
The strategy is a 10-year plan to drive growth in UK financial services.
-
The US accounted for 92% of all global insured losses for the period.
-
The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
-
US events accounted for more than 90% of global insured losses.
-
The government is consulting on reforms to the existing regulations.
-
The outcome of the consultation includes a detailed timetable for delivery.
-
The MGA has also appointed Probitas alumnus Kiran Wignall.
-
The MGA has recently added casualty and specialty reinsurance divisions.
-
A roundup of all the news you need, including the UK's new captives framework.
-
The MGA has secured Lloyd’s paper to write crypto theft insurance.
-
A second syndicate is being explored for “big and bold” new lines
-
State legislation has led to major strides in rate adequacy.
-
The company launched into the contingency market in the wake of the Covid-19 pandemic.
-
A roundup of all the news you need, including Biba’s expectations for the Chancellor's Mansion House speech.
-
The trade body sent an open letter to the UK Chancellor ahead of her Mansion House speech.
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Category 4 and 5 storms could become more common and hit further north.
-
The executive has spent 13 years in the broker’s marine division.
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Claims chiefs are caught between technological advancement and waiting for phase two
-
Last year, the firm obtained a Class 4 license in Bermuda.
-
A representative from the carrier said Nexus is responding “with urgency”.
-
Patel has run the MGA platform since its launch in 2017.
-
Dan Prince said the firm will work with brokers’ existing relationships.
-
A roundup of all the news you need, including our interview with Richard Coulson.
-
Plus, the latest people moves and all the top news of the week.
-
The executive said there was an ‘active cross-sell culture’ across The Fidelis Partnership.
-
BP Marsh announced its backing of Amiga, which is led by Adam Kembrooke, last month.
-
The MGA is expected to launch a product-recall portfolio in September.
-
Claire Janaway is leaving the carrier after 19 years.
-
Apax and Carlyle will continue to back the broker consolidator.
-
The start-up aims to bind its first risk in Q4 2025.
-
A roundup of all the news you need, including PIB’s termination of Gallagher sale talks.
-
The insurer has hired Coface’s Hélène Martin to support its expansion.
-
In the US, the index fell 6.7% year on year.
-
Emilie Hungenberg joins the carrier from Aspen.
-
Cultural transformation, education, and leadership are also essential to creating safe workplaces.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
The MGA will write natural resources professional liability business.
-
Andrew Creed has been promoted to group president in addition to his role as group CFO.
-
Luke Tanzer is set to retire after 16 years at the helm of the run-off carrier.
-
Volante joins capacity providers Allianz and Tokio Marine Kiln.
-
Renewable energy premium written in London and international markets amounts to $2bn.
-
Syndicate 1947 is gearing up to expand its marine reinsurance portfolio.
-
The Cathal Carr-led carrier has been building its team since launching this year.
-
A roundup of all the news you need, including several promotions at Oak Re.
-
Ondine Bourrut Lacouture succeeds Simon Williams, who had been in the role since 2019.
-
The new roles will oversee property, specialty and credit.
-
The reinsurer said US president Donald Trump’s policy was already impacting investment.
-
Demand and growth opportunities remain ample despite competitive pressures.
-
Parent Aventum said co-CEO Paul Richards remains with the business.
-
The executive previously held roles at Capgemini, The Hartford and AIG.
-
The weather-modelling agency is predicting a below-normal season.
-
-
A roundup of all the news you need, including Tracey Hunt’s exit from Talbot.
-
He will succeed incumbent president Kadidja Sinz.
-
Arturo Pelaez will continue in his managing director role at Brookfield Asset Management.
-
Partner Neo Combarro announced his departure on LinkedIn in May.
-
It was announced earlier today that the US wholesaler had agreed to acquire Atrium.
-
Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
-
Sixth Street and Cornell also bid for the wholesaler.
-
The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
-
The PRA, FCA and Society of Lloyd’s have agreed to the changes.
-
The deal comes amidst an expected spell of M&A on Lime Street.
-
Willis has been adding brokers to its aviation unit in Europe and the US.
-
The availability of capacity remains the market’s key driver, the broker said.
-
A roundup of all the news you need, including the CRC/Atrium deal.
-
Bridges had been at QBE for 17 years.
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The claims specialist spent 30 years at Amlin before joining TFP.
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The former Hiscox Re & ILS specialty underwriter starts on 7 July.
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A roundup of all the news you need, including David Turner's Mereo move.
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Rates continue to drop as capacity is ample, the broker said.
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Plus the latest people moves and all the top news of the week.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
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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.
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The take-private deal was announced in July 2024.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The claim hits the downstream market following a loss-hit start to the year.
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It is the second deliverable of the FIT Transition Plan Project.
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The expansive broker now employs over 450 people in Japan, after launching there in 2024.
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The new chair said the market must adapt for 2030 and beyond.
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A roundup of all the news you need, including a large refinery claim in Texas.
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The FCA is reviewing how it can simplify regulation for commercial insurers.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The changes affect operations in Switzerland, Bermuda and the US.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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The international casualty director has worked at Axa XL, Ive and Ardonagh.
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He was most recently Marsh’s US manufacturing and automotive practice head.
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The executive brings more than 25 years of insurance experience.
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The broker has expanded the number of global industry verticals to seven from four.
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The soft market continued through H1 2025, especially on shared programs.
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A roundup of all the news you need, including Gallagher Re's 1st View renewals report.
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The company resumed work on a public offering in September.
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The business currently works with Hamilton Managing Agency.
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The LA wildfires accounted for 59% of loss activity over Q1.
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Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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The company said the reduction was due to years of steady improvements.
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Premium rose across the top 15 P&C risks in 2024.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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The programme’s total limit this year is down $594mn to $1.36bn.
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The broker noted a “significant variation” in renewal outcomes.
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The deal, revealed by this publication in December, values the firm at $14bn.
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Niala Butt joins from CNA Hardy, where she was casualty claims manager.
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A roundup of all the news you need, including the scrapping of the US ‘revenge tax’.
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The measure could have landed insurers with extra tax on US business.
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The deal puts an equity value of £275mn on the broking firm.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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There are now 14 new companies writing homeowners’ policies in the state.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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A roundup of all the news you need, including Mark Braithwaite’s new destination.
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There has been an uptick in UK retail firms buying cyber after a string of attacks.
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Plus, the latest people moves and all the top news of the week.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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The ratings agency cited the carrier’s growth and performance.
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Shuker was CEO of A-Plan when Howden acquired the firm in 2021.
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The event was co-hosted by The Fidelis Partnership and IDA Ireland.
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A roundup of all the news you need, including the Insurance Insider Honours shortlist.
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The awards will be held on 3 September at The Brewery in London.
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It has been a volatile week for the marine war market in a period of geopolitical turmoil.
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Last month, Combarro announced his exit on LinkedIn after 17 years at Lockton.
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A roundup of all the news you need, including Howden’s Saudi Arabian expansion.
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The facility, backed by six global cyber insurers, offers limits of as much as EUR5mn.
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The new unit – Ceded Re – will operate under the leadership of Guy Van Hecke.
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The Atrium-led cover renews after the multi-billion-dollar High Court ruling.
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The carrier is expanding its appetite for sustainable construction of large commercial buildings.
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Goldman will join Ascot next month to take on the newly created role.
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In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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David Turner previously spent more than 30 years at Amlin.
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A roundup of all the news you need, including Turner’s exit from The Fidelis Partnership.
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Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
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MillerBoost is the latest broker facility to launch in London.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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CFO Jane Pool will also leave the company as Aviva takes over.
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The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
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The platform will capture and standardise data from all submissions, the broker said.
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