North America
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Tokio Marine HCC, Chubb, IQUW and BluNiche are also on the tower. -
Nick Durant helped launched Lockton Re North America in 2019.
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The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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Syndicate 3705 adds to the MGA’s roster of capacity providers.
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Weather events and potential increases in US casualty reserves remain sources of volatility.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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Gallagher’s $13.45bn deal for AssuredPartners was completed in August.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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Ashleigh Edwards will report to group CUO Mark Pepper.
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This publication exclusively revealed the $1bn deal last November.
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Reinsurers’ average RoE was 16% as of September 2025.
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The US CEO said the acquisition will be “truly transformative” for its TL clients.
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Atlantic’s founders are to become Howden shareholders.
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The underwriting unit has also rebranded D&O specialist Leopanthera.
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The president and CEO will also be eligible for up to $50mn in shares.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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The renewal was characterised by abundant capacity and strong competition.
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The market was unphased by January’s record wildfire loss in Los Angeles.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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The pricing battle has been played out but the extent of new demand will only show up in 2026.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Verisk entered the agreement to purchase the SaaS platform in July this year.
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Former Aon employees are barred from using Aon’s confidential information.
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Price has become a key differentiator in marine and energy.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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Insurance Insider reflects on the themes that shaped 2025 for the London market.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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Insurance Insider reflects on major loss events of 2025 for the London market.
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Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The company named two execs to head global wholesale and commercial.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The parties now have 60 days to file a stipulation to dismiss the action.
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Justin Camara was EVP and portfolio director for financial and professional liability.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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Solutions are being used to fill the gap left by traditional agg markets.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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PE, more alignment and tech are uncoupling MGAs from traditional market swings.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The highest portion of losses was experienced in Alberta.
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The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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According to the Civil Unrest Index, protest activity has soared over the past two years.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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The transaction is expected to close early in the first quarter of 2026.
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The company had argued the judge missed key info when dismissing the case.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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Next year will mark five consecutive years of insolvency increases.
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Marsh has accused its former execs of flouting a preliminary injunction.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The industry veteran retired from AIG at the end of last year.
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The peril has been historically difficult to model compared to others.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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Habayeb will start next May following Kociancic's retirement.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Stephenson will start his new role in early 2026.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the downgrade.
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Existing facilities and carrier partners will be transferring from K2.
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Panellists said the sector must communicate its value in language tailored to each client.
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MassMutual will retain an 82% stake in the $470bn asset manager.
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A motion by defendants to dismiss the case was also denied.
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The latest guide is the first in a two-phase programme with a practical guide to follow.
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AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
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Panellists said recent M&A has not yet led to transformative change for the market.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The transaction is Davies’ largest strategic M&A addition to date.
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Specialised service providers like CDK can pose more frequency risk than global operators.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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An insurability crisis could pose systemic risks that undermine the foundations of finance.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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The June 2024 ransomware attack produced claims across many firms.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Lack of major cat events could add further pressure on 1 January pricing.
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Marsh is also suing a second tier of former Florida leaders.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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Both the primary and reinsurance segments benefitted from a light cat year.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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Many commercial risks will have London coverage, but insured values are relatively low.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The company reported no cat losses but saw a jump in attritional losses.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The broker will join Ron Borys’ financial lines team.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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A canvassing of the cyber market suggests the impact will be negligible.
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The range allows “for information that could emerge beyond what is known today”.
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The appointments are aimed at offering a clearer team structure.
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Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
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Ben Hanback joins from Aon, where he spent almost a decade.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Bill Ross has been CEO of the non-profit for 21 years.
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AWS suffered a large-scale service disruption originating in northern Virginia.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The London-based executive will relocate to Daytona Beach, Florida.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The executive is charged with defrauding investors out of nearly $500mn.
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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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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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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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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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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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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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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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Plus, the latest people moves and all the top news of the week.
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Carriers are rethinking the traditional renewal-rights model.
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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.
