North America
-
Marsh is also suing a second tier of former Florida leaders. -
YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
-
Both the primary and reinsurance segments benefitted from a light cat year.
-
While attritional losses were up for the quarter, those in the carrier’s core business declined.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
-
The company reported no cat losses but saw a jump in attritional losses.
-
The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
-
The broker is monitoring whether the economic environment will limit discretionary spending.
-
CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
-
The broker will join Ron Borys’ financial lines team.
-
The broker said it was on track to hit its financial goals despite macro uncertainty.
-
Everest’s AIG deal meaningfully cuts its primary exposure.
-
The revised outlooks reflect the difficult moment as Everest moves away from retail.
-
Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
-
AIG has agreed to pay Everest $10mn per month for nine months for transition services.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
-
Despite the pricing pressure, margins for the line of business remain attractive, he added.
-
The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
-
BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
-
The global insurer will pick up a $650mn portfolio of US casualty business.
-
AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
The broker said WTW hasn’t shown it was irreparably harmed by the defection.
-
APIP is one of the world’s largest property programs.
-
A canvassing of the cyber market suggests the impact will be negligible.
-
The range allows “for information that could emerge beyond what is known today”.
-
The appointments are aimed at offering a clearer team structure.
-
Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
-
Ben Hanback joins from Aon, where he spent almost a decade.
-
The company and its main debt provider Ares agreed to relax its debt terms in April.
-
Property pricing fell by 8%, while casualty rate increases tapered to 3%.
-
Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
-
Bill Ross has been CEO of the non-profit for 21 years.
-
AWS suffered a large-scale service disruption originating in northern Virginia.
-
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.
-
The London-based executive will relocate to Daytona Beach, Florida.
-
Christopher Reynolds and AJ Jones have been hired as business development directors.
-
The executive is charged with defrauding investors out of nearly $500mn.
-
The broker will report to Howden US CEO Mike Parrish.
-
The protection covers the US insurance book for the 2024 and prior accident years.
-
Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
-
A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
-
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
The facility provides coverage for property, terrorism, energy, construction and utilities risks.
-
The broker’s new business and client services division is targeting $400mn of savings.
-
Earlier this week, the broking house announced a rebrand to Marsh.
-
Though wildfire losses are up, total losses are the lowest since 2015.
-
After six years as CFO, Mark Craig is taking on the position of chief investment officer.
-
Brian Church has spent 20 years at Chubb.
-
Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
-
The reshuffle is likely laying the foundations for the eventual succession to CEO Mario Greco.
-
Mike Mulray joins from Everest, where he was EVP president of North America insurance.
-
Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
-
The MGA is also looking to build out its US mid-market professional liability expertise.
-
The governor has yet to sign a pending bill to create a public cat model.
-
Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
-
Plus, the latest people moves and all the top news of the week.
-
Carriers are rethinking the traditional renewal-rights model.
-
Moretti has relocated to California from London.
-
Willis claims at least two $1mn accounts were also unfairly lost to Howden.
-
The broker is understood to manage Brown & Brown’s account at Howden.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
-
In July, he took the role on interim basis from Laure Forgeron.
-
Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
-
The specialty insurer was recently acquired by Korean carrier DB Insurance.
-
The class offers affirmative coverage for gaps in traditional insurance policies.
-
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
-
Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
The business has been ~70% owned by White Mountains since January 2024.
-
The executive was most recently serving as CRO – insurance.
-
Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
-
The facility will initially focus on US, Bermudian and European business.
-
She previously served as Hub’s North American casualty practice leader.
-
Spectrum joins investors ForgePoint, Hudson and MTech.
-
Other MGAs in the transactional-liability class are also expanding into the US.
-
The MGA secured a “significant strategic investment” from Zurich earlier this year.
-
Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
The company will continue its capacity partnership with the MGA until 2030.
-
The tropical cyclone is expected to be named Imelda.
-
Plus, the latest people moves and all the top news of the week.
-
The transaction marks the largest US market entry by a Korean non-life insurer.
-
The executive has been with ASG since it was formed in 2016.
-
This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
-
He will spearhead the division’s launch slated for 2026, which will be the first product launch for ICW Group’s specialty unit.
-
Despite formation of Gabrielle, there is "a very high probability" of a below-average season.
-
The executive met with UK colleagues to discuss plans for the US business.
-
The low degree of overlap between the combining portfolios benefits both parties.
-
The acquisition furthers Howden’s expansion into the US retail space.
-
Organisations were challenged to address systemic DEI failure rather than play “word salad” with labels.
-
The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
Age has not been addressed as much as other areas of diversity, the panel said.
-
There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
-
The sidecar will support five programs providing specialty frequency coverages.
-
Her predecessor will become head of US excess casualty and operations.
-
Reinsurer executives stressed that the industry worked hard on setting the right structure.
-
The executive joins from MSIG USA.
-
Insurance Insider reported earlier today of the asset manager’s foray into the MGA space.
-
The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
-
The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
-
Plaintiffs allege that manufacturers and retailers have broken environmental laws.
-
The practice group will enhance the company’s existing offerings in E&S.
-
The affirmations reflect Everest’s strong underwriting diversification.
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He was appointed CUO of casualty, Americas, in July last year.
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Models anticipate a busier second half, particularly in the next few weeks.
-
The carrier’s US and Europe claims teams will report to Clayden.
-
The deal is expected to result in $700mn in combined GWP in Florida upon completion.
-
Blackstone-style capital seeking to get closer to source is a net negative for reinsurers.
-
Cedants target methods of reducing pressure on earnings as reinsurers chase growth.
-
Cat bonds have outperformed private ILS strategies in the YTD, according to ILS Advisers.
-
Former head of construction Bill Creedon will assume the role of chairman.
-
Bill Bouvier has spent more than three years at the legacy firm in this role.
-
The aviation market may prove an outlier following a disastrous year of loss activity.
-
The broker’s joint venture with Bain Capital still lacks a CEO.
-
The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
-
The sector recorded total premiums written in London of £11.9bn in 2024
-
Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
-
Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
-
One of the options being explored is setting up a dedicated company for the wholesale vertical.
-
A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
-
CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
-
The carrier notified California regulators that it would stop renewing plans starting last month.
-
It is understood that CyberCube has been considering a sale of the business.
-
Supply for property outstrips demand, but the casualty market is “bifurcated”.
-
The California wildfires showed reinsurers can absorb major cats and remain profitable.
-
What’s next for the reinsurance market as Monte Carlo approaches?
-
The insurer has been under review with positive implications since March.
-
Skyward’s acquisition of Apollo will provide access to the London Bridge framework.
-
Growth in the SME sector could help stabilize the market, however.
-
Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
-
Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
-
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.
-
The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
-
Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
-
Cyber reinsurance supply has continued to outstrip demand during 2025.
-
In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
-
The executive said claims can be a differentiator in a softening market.
-
CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
-
The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
-
The data modeling firm said losses previously averaged $132bn annually.
-
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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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.
-
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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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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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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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.
-
Last year marked the second consecutive year in which carriers made a positive return.
-
Submission volume is up 10%-20%, according to sources.
-
Lawmakers are seeking input on risk evaluation, limits and other concerns.
-
The group claims the White House is undermining disaster preparedness.
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Parrish, now Howden US CEO, and his colleagues said they didn’t violate contracts.
-
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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Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.
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This publication revealed yesterday that the two were in detailed takeover talks.
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US retailers have various levers to pull to put pressure on potential new competitors.
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Claude Wade is to step down from his role to address ongoing health issues.
-
Placement head Delchar said Gemini will be available across its global book of in-scope risks.
-
The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
-
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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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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Company alum David Murie will lead the new business unit.
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Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.
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The estimate covers property and vehicle claims.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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Both organisations still predict an above-average hurricane season.
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Plus, the latest people moves and all the top news of the week.
-
What does it take to turn a family-run insurance group into a global powerhouse?
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It is targeting low-risk specialty lines where it has a competitive edge.
-
The forecast has increased since the early July update due to several additional factors.
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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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California wildfires account for $40bn of the insured loss tally in H1.
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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 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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Verita leadership and staff will remain intact and “seamlessly functional”.
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The carrier also benefitted from favourable reserve development in property and A&H.
-
Cat portfolios generally grew, but casualty approaches varied.
-
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 MGA will initially focus on credit, energy and construction.
-
AJ Gallagher has responded to a request for additional information under the HSR filing.
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The model becomes the second in the state to get approval to affect ratemaking applications.
-
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.
-
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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The vehicle will support Ascot’s casualty business in the US and Bermuda.
-
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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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The broker is looking to move as much of the book away from its adversary as possible.
-
The company provides management workflow for residential contractors.
-
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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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
-
This brings the carrier’s total limit on the program to $1.8bn.
-
The lawsuit claims more than 100 employees left with Parrish and his three reports.
-
Insured losses produced the second highest first-half tally since records began in 1980.
-
Insight into the state of the insurance M&A market, powered by this publication's deal database.
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North American carriers completed the most transactions in the first half of 2025.
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Surveys show diversity and inclusivity foster a sense of belonging and increase productivity.
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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.
-
Plus, the latest people moves and all the top news of the week.
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The former Everest executive has more than 30 years of A&H experience.
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Property rates declined by 7% globally in the second quarter.
-
Weatherbys Hamilton provides private client, bloodstock and farm coverage.
-
The broker’s planned US talent raid is in keeping with its audacious history.
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The insurer denies it is responsible for the actor’s legal fees.
-
The impact on the (re)insurance market has been muted due to its strong capital position.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
-
Alcor has also opened an Atlanta office, broadening operations in the US market.
-
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.
-
Claims were concentrated in the US, with a significant increase in D&O class actions.
-
-
The technology will help analyse growing and emerging risks, especially climate change.
-
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
Total revenues grew 12% due to the contribution from acquisitions.
-
The suit claims billions of dollars are being illegally withheld.
-
Peter Cordell will join Syndicate 1729 in January.
-
John Neal was due to start at Aon as global reinsurance CEO in September.
-
The former Lloyd’s CEO will not make his planned move to Aon.
-
The US accounted for 92% of all global insured losses for the period.
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US events accounted for more than 90% of global insured losses.
-
State legislation has led to major strides in rate adequacy.
-
Category 4 and 5 storms could become more common and hit further north.
-
The MGA is expected to launch a product-recall portfolio in September.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
The MGA will write natural resources professional liability business.
-
Demand and growth opportunities remain ample despite competitive pressures.
-
The weather-modelling agency is predicting a below-normal season.
-
Arturo Pelaez will continue in his managing director role at Brookfield Asset Management.
-
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 unit will include both ocean and inland marine coverage.
-
The carriers remain in takeover negotiations but have not reached a decision around valuation.
-
The late March storm caused extensive damage in southern Quebec and Ontario.
-
The $2.6bn deal provides Ergo with an entry point to the US SME market.
-
The changes affect operations in Switzerland, Bermuda and the US.
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He was most recently Marsh’s US manufacturing and automotive practice head.
-
The executive brings more than 25 years of insurance experience.
-
The broker has expanded the number of global industry verticals to seven from four.
-
The soft market continued through H1 2025, especially on shared programs.
-
The company resumed work on a public offering in September.
-
Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
-
Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
-
The company said the reduction was due to years of steady improvements.
-
Premium rose across the top 15 P&C risks in 2024.
-
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
-
The programme’s total limit this year is down $594mn to $1.36bn.
-
The broker noted a “significant variation” in renewal outcomes.
-
The measure could have landed insurers with extra tax on US business.
-
The ruling comes as insurers face growing legal pressures following the January blazes.
-
There are now 14 new companies writing homeowners’ policies in the state.
-
The broker built out Lockton Re’s US casualty and professional lines treaty book.
-
Green hushing is on the rise as Trump rows back on climate initiatives.
-
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
-
Goldman will join Ascot next month to take on the newly created role.
-
In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
-
Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
-
The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
-
Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
-
The platform will capture and standardise data from all submissions, the broker said.
-
SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
-
The executive previously spent 15 years in a variety of roles at Zurich.
-
Allstate attributed the bulk of its losses to three major wind and hail events.
-
This is up from last year’s $1bn protection for its Florida treaty.
-
The executive was formerly the head of cyber solutions, North America.
-
The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
-
Brokers across London and Bermuda have handed in their notice to join the start-up reinsurance broker.
-
The carrier said it is disappointed with the English High Court’s decision.
-
The documents figure in a potential criminal case against a CCB employee.
-
The trend is expected to be most pronounced in the Middle East, the survey found.
-
The broker is targeting run-rate synergies of $150mn by the end of 2028.
-
In 2024, MGA GWP reached approximately $20bn in Europe.
-
The appointment follows B&B’s acquisition of Accession.
-
The deal multiple is understood to be around 15x adjusted Ebitda.
-
Case added that recently acquired broker NFP has “exceeded” expectations.
-
The reinsurer has also appointed Mehdi Benleulmi as global head of credit.
-
Tovah Grosscurth replaces Sonya Bryson, who has left the commercial lines business.
-
The man is alleged to have conspired with others to falsify LOCs and collateral letters.
-
The merger is on track to close in H2 2025, CEO Pat Gallagher said.
-
The number has expanded by around 40% from an earlier update, sources said.
-
The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
-
The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
-
The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
-
Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit.
-
HCI secured three towers with $3.5bn in XoL coverage.
-
The executive will remain CEO of reinsurance until 1 September.
-
This year is predicted to be an above-average season, like 2024.
-
The $2.59bn renewal is up 45% from last year.
-
Up to nine million acres of US land are considered likely to burn.
-
The Floridian also secured $352mn of multi-year coverage extending to 2027.
-
The company also has $100mn for US hurricane events.
-
Last week, TSR updated its forecast and is now predicting above-average storm activity.
-
The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
-
Most of the losses are attributable to a supercell storm in Texas.
-
A 20% increase in FHCF retention levels sent cedants to the private market.
-
This will allow Ark to write business on surplus line paper and Lloyd’s business.
-
Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.
-
The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
-
Burford’s CEO said Chubb is inappropriately using its corporate power.
-
Kestrel stock will begin trading on Nasdaq tomorrow under the symbol KG.
-
Philip Enan joins following 11 years at Chubb.
-
It previously predicted activity slightly below the 1995-2024 average.
-
SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
-
The agency forecasts up to five major hurricanes and 19 named storms.
-
Two large storms hit the Midwest and Ohio Valley regions on 14-17 May and 18-20 May.
-
The executive will take the global role alongside his existing US responsibilities.
-
The underwriter has held positions at The Hanover, Liberty Mutual and Zurich.
-
Broker facilities and increased US domestic appetite are accelerating the softening.
-
As with 2024, pricing pressure has been most acute on top layers.
-
Tornadoes have killed at least 32 people in three states.
-
Sources said MarshBerry was retained earlier this year to run the sale.
-
Are intermediaries facing tougher times as the broking supercycle winds down?
-
Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
-
The programme will succeed the previous buyback launched in 2023.
-
The revision is significantly lower than the $4.5bn October estimate.
-
The exec will lead key initiatives including Aon United, and work closely with NFP.
-
Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
-
The exec said if he were a carrier CEO, now is the time he would start looking for deals.
-
The executive said secular heightened risk trends would fuel the carrier’s primary expansion.
-
New broker vehicles are setting up amid accelerated softening in D&F.
-
The carrier’s estimated first event limit could increase 16%, to $1.35bn.
-
The company’s upsized public offering priced at $30 per ordinary share.
-
Jacqui Ferrier speaks with Insurance Insider in her first interview since taking the reins.
-
Ark's combined ratio included 25 points of catastrophe losses in Q1.
-
Gallagher Re said rates had softened in 2025 versus the prior two years.
-
The market is also facing potential losses from injuries to NFL stars.
-
Sentiment at the ILS Connect event hosted by Insurance Insider ILS was generally positive.
-
The insurer has not decided whether to sell its Eaton subrogation rights.
-
At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
-
Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
-
The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
-
AIG, HDI Global and others have settled. Chubb’s fight continues.
-
The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
-
The facility provides up to $100mn in claims-made excess casualty coverage.
-
The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
-
AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
-
The remediation process is on track for completion in the fourth quarter.
-
The reinsurer said the market was unprofitable and pricing needed to increase immediately.
-
Its 2025 programme exhausts at $9.5bn excess $1bn.
-
The days of 30%+ growth are probably behind the firm, he said.
-
The executive will oversee Howden Re’s treaty and fac business in Miami.
-
The pair add to the roster of aviation-focussed hires at WTW.
-
Growing economic and population exposures are driving potentially larger insured losses.
-
The hires form part of WTW’s build-out of its US aviation practice.
-
The retailer’s partners are looking to join forces to secure better deals.
-
Ann Field, Matt Moore and David Griffiths have also had promotions.
-
The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
-
His leadership roles included overseeing the firm’s capital solutions group.
-
The commercial risk and reinsurance units delivered mid-single-digit growth.
-
Lucy Clarke said the broking business was resilient in the face of macro challenges.
-
Organic growth was flat on the prior year and in line with Q4 2024 figures.
-
Insolvencies caused by the tariffs could also cause increased losses
-
The sale price represents Elephant’s approximate net asset value.
-
The executive will define strategic priorities and guide global growth.
-
SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
-
The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
-
Insured losses were the second highest on record for the first quarter.
-
California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
-
Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
-
Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
-
Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
-
The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
-
Meco's 2024 gross written premiums totaled $63mn.
-
Methven joined the MGA in 2002.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
-
The InsurTech was part of the fourth cohort at Lloyd’s lab.
-
Alex Amezquita will fill Cahill’s previous position as CFO.
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From where to prioritise investing to managing slower growth, there are tough balancing acts ahead.
-
It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
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Plus, the latest people moves and all the top news of the week.
-
Storms in the UK and Ireland drove losses in the commercial segment.
-
The book of business comprises both personal and commercial lines.
-
The announcement spurred a quick spike in stock market valuations.
-
London-based US excess casualty writers are increasingly looking to attach lower in the tower.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
-
He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
-
The prediction comes after a highly active hurricane season in 2024.
-
The tariffs could expose insurers to the risk of recession and shrinking income.
-
Markets have taken a battering across the globe following the “Liberation Day” announcement.
-
Insurance share prices were resilient amid today’s market meltdown.
-
Total reinsurer capital grew by $45bn in 2024 to $715bn.
-
Overall market capacity increased by 5.3% year-on-year, the broker reported.
-
An issue has emerged in diligence, and Howden has a complex consortium to align.
-
Willis said rising energy demand is creating a revival in the nuclear industry.
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The carrier has received 12,300 claims as of 28 March.
-
Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
-
The shares will be purchased via the open market or private third-party transactions.
-
RBC reports can help regulators identify weakly capitalized companies.
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The executive has managed both casualty and personal lines reinsurance books.
-
Plus, the latest people moves and all the top news of the week.
-
The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
-
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
-
Evercore has reached out to a combination of strategics and private equity houses.
-
Sources warned some property XoL books are already running 50% loss ratios.
-
The underwriter will be based in New York and drive underwriting strategy.
-
Markel also announced the appointment of Jon Michael to its board.
-
The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
-
The insurance industry has experienced mounting losses from severe convective storms.
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The business offers parametric windstorm coverage.
-
-
Of the 178 passengers and crew on board, no serious injuries have been reported.
-
The carrier was seeking to expand its 1 March-renewing programme.
-
The reinsurer anticipates downward rate pressure to continue over 2025.
-
Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
-
A rebound is expected this year, however, led by strong US activity.
-
“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
-
The company’s syndicate has booked an 87.4% combined ratio for 2024.
-
The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
-
This year’s coverage will involve $2.94bn of new risk transfer.
-
The offering includes GA, aviation GL and airport and product manufacturers liability.
-
Andrew George will report to president and CEO of Marsh Martin South.
-
These events can also no longer be considered secondary perils, executives said.
-
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
-
The company said it now expects the transaction to close in H2 2025.
-
Competition for specialty reinsurance talent remains high.
-
Is the MGA start-up boom here to stay?
-
The London D&F market will shoulder most of the losses.
-
The MGA will be trying to replace the transactional liability capacity in the coming weeks.
-
The group joined Velocity in December and includes James Robertson.
-
The reinsurer pegged the market loss at $40bn.
-
Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
-
The programme structure was expanded, but it is unclear what percentage was placed.
-
The group will house a segment for specialty and benefits and another for underwriting.
-
Plus, the latest people moves and all the top news of the week.
-
Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
-
The estimate is based on industry losses in the range of $35bn-$45bn.
-
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
-
The carrier expects the market loss to land at $35bn-$40bn.
-
The transactional liability class faces a string of potential losses, especially in the contingent segment.
-
The MGA will have a broad casualty-focused appetite with Lloyd’s capacity backing.
-
He will have to step down from his non-executive role on the board to take the job.
-
This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
-
Plus, the latest people moves and all the top news of the week.
-
The ratings agency has revised Mercury’s outlook from stable to negative.
-
The investors are led by PE firm NMS Capital Group.
-
The traditional R&W product is seeing an increasing number of large losses.
-
The executive will maintain his advisory role with the Ardonagh-owned wholesaler.
-
Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value.
-
The estimate is net of its per-occurrence reinsurance program and gross of tax.
-
A higher loss quantum will put a greater burden on retro programmes.
-
Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
-
The crash is the latest of several losses for aviation insurers in recent months.
-
The loss aggregator has classified the fires as two separate events for reinsurance purposes.
-
The insurance commissioner said the carrier has not shown the need for price increases.
-
Plus, the latest people moves and all the top news of the week.
-
More than 33,000 claims had been filed as of 5 February.
-
The estimate covers property and vehicle claims.
-
Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
-
The carrier is “extremely well capitalised” to achieve its strategic ambitions.
-
The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
-
Newer swing products offer an alternative way to deal with escalating awards.
-
Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
-
The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
-
The role at PCS included acting as primary touchpoint for ILS.
-
Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
-
This year's modelled outputs have increased across all return periods.
-
Underinsurance, total loss claims, and high property values have impacted loss estimates.
-
CFP has a $900mn reinsurance attachment point and is still receiving claims daily.
-
The storm is likely to be one of the costliest weather events in Canadian history.
-
The executive has also worked for Guy Carpenter during her 20-year career.
-
The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
-
But cat bonds are experiencing negative secondary market price movement.
-
Bolding will focus on aligning Gallagher Securities with Gallagher Re.
-
The carrier disclosed it will book $1.1bn in net losses from the California fires.
-
The carrier has been reducing its presence in the state since 2007.
-
The carrier’s Eaton Fire loss would be a retained net loss hit.
-
The underwriter has worked at Axis for a decade.
-
Derrick Easton has led Willis’s US ART team since joining the company in 2015.
-
The arrival of Marsh’s Donnelly will "accelerate" US specialty growth, the CEO said.
-
CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
-
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
-
President Andersen said he was optimistic about the 2025 reinsurance market.
-
The broker introduced 2025 guidance for mid-single-digit or greater organic growth.
-
The broker added reinsurers remain cautious on US casualty risk.
-
Plus, the latest people moves and all the top news of the week.
-
The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
-
Organic growth in broking segment Marsh accelerated during the reporting period.
-
The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
-
The Floridian also expects to report its “best earnings quarter” for Q4 2024.
-
The figure does not include specie or auto losses.
-
The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
-
The carrier is restructuring the business into three segments.
-
Munich Re and Berkshire Hathaway are among the major providers to large California cedants.
-
The carrier also has a $500mn excess $2.4bn aggregate protection.
-
The company received over 10,100 home and auto claims as of January 27.
-
Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
-
The homeowners’ carrier has secured Floir approval.
-
The California fires will test post-2018 treaty revisions – and reinsurers’ nerves.
-
Guy Carpenter said personal-lines exposure would account for 85% of the aggregate loss.
-
Fitch said 1Q wildfire losses could add 6% to 10% to Mercury’s CoR.
-
The industry loss number has increased threefold from an initial $5bn pick.
-
The total includes fire and smoke damage plus living expenses for evacuees.
-
The executive will replace retiree Michael Miller.
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The fire started Wednesday morning and is currently 0% contained.
-
Disclosures show the insurer has roughly 4,300 homeowners’ policies in effect in fire-impacted zip codes.
-
Most carriers paid more in homeowners’ claims than they collected in premiums.
-
The broker said disaster data can attract more risk capital.
-
The pool services a number of public authorities in California.
-
Severe convective storms accounted for 41% of last year’s insured loss load.
-
In the food and beverage market, rates are falling by an average of 3%-4%.
-
The carrier can claim separately for the Palisades and Eaton fires if necessary.
-
The carrier has received more than 3,600 claims from LA wildfires.
-
There are many unknown factors including insurance gaps, high-value property and damage to critical infrastructure.
-
The estimate has reduced slightly since the modeler’s last update in October.
-
The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
-
This will be the most expensive fire in the state’s history, it said.
-
A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets.
-
The reinsurance attaches at $7bn, unchanged for the past two years.
-
Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
-
The members’ agent said 2024 will still be a profitable year for Lloyd’s.
-
The carrier is the largest writer of homeowners’ multi-peril in the state.
-
CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines.
-
The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
-
The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
-
Utilities have faced major liabilities for their involvement in starting wildfires.
-
Investigators are homing in on the likely causes of the incidents.
-
It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
-
The number of structures damaged may put the event on par with the fires of 2017 and 2018.
-
Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
-
Total economic and insured losses are “virtually certain” to reach into the billions.
-
AM Best said it expects insured losses from the California wildfires to be “significant”.
-
This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
-
Moody’s also expects losses in the billions of dollars.
-
Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
-
Six fires now cover more than 27,000 acres across Southern California.
-
Hurricane Milton resulted in the largest insured loss of the year at $25bn.
-
The fast-moving blazes have prompted evacuations across the city.
-
More than 4,000 acres are burning as thousands evacuate.
-
The path to Howden’s new era is steep – but the opportunity is vast.
-
In the US, pricing fell by 6.2% at the major renewal.
-
The $2bn+ raise would likely rest on the base case of an IPO in the medium term.
-
The executive has also worked for AIG and Ace.
-
The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
-
Reinsurer appetite largely outweighed demand at 1 January.
-
An 11th-hour softening has driven discounts into double-digit territory on some deals.
-
The broker said demand grew more slowly than reinsurer appetite.
-
A California ruling could set an important precedent as other courts consider similar cases.
-
Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
-
The reinsurance veteran joins from Artex Risk Solutions.
-
Everest is in the process of transforming its ILS offering.
-
Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
-
The company has been buying out Omers’ shares since 2015.
-
The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
-
TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
-
The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
-
James Drinkwater is to serve as vice chair and executive chairman at Amwins Global Risks.
-
It estimated insured losses from nat cats on track to exceed $135bn in 2024.
-
-
The carrier attributed the intensification of storms this season to climate change.
-
WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
-
The executive is currently Asia Pacific CEO.
-
The 2025 target would be ~25% larger than the $3.56bn it placed for 2024.
-
The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
-
The Class B notes on the carrier’s debut deal attach at $500mn of losses.
-
The loss figure has increased 200% from the initial number provided in October.
-
The broker’s US retail foray will throw the cards in the air. Where might they land?
-
CEO Mario Greco said his future retirement had nothing to do with bringing the plan forward.
-
The broker will be using Verisk US agricultural risk models.
-
This year’s top-line growth will be a decade-high.
-
The floods add to an already historic loss tally for Canada in 2024.
-
Helene losses were spread wider than initially suggested, in contrast to Milton claims.
-
Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
-
The partnership is Fidelis Insurance Group’s first third-party capacity deal.
-
Fema's traditional reinsurance programme will attach at losses of $7bn and above.
-
The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
-
The carrier’s Q3 net income will be around $100mn, far below consensus.
-
The D&F market now expects 2025 renewals to be flat to down 5%
-
The carrier increased specialty premium by 39% by the nine-month mark.
-
Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
-
The firm will provide an update on 22 November to avoid holiday season.
-
The broker said the casualty segment is approaching an “inflexion point”.
-
The results were disclosed in parent company Fairfax’s quarterly earnings.
-
The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
-
The figures imply first-layer reinsurance recoveries for Helene.
-
The firm has helped underwriting businesses secure $3.5bn in capital.
-
The loss tally is considerably lower than estimates issued by model vendors.
-
In line with Milton’s moderate forecast loss, the ILS market reaction will be less influential in post-event dynamics.
-
The carrier is looking at a $600-$900mn hit from hurricanes Debby, Helene and Milton.
-
Richard Mangion spent almost two years as CFO at Bridgehaven.
-
The firm still expects to deliver positive net income for Q3 2024.
-
Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
-
Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
-
The company said $13bn-$22bn will come from wind damage.
-
CEO of WTW’s Corporate Risk and Broking for North America, discusses the transformation in operations, diversity, and talent strategy.
-
Randy Fuller, Head of North America Property at Guy Carpenter, discusses market stability, hurricane impacts, and the evolving role of claims professionals on October 1st, 2024.
-
Organic growth fell by 1 point quarter on quarter and was down by 5 points from Q3 2023.
-
A canvassing of the market showed some bifurcation on the necessity of a government backstop.
-
HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
-
Most of the insured loss was attributable to wind.
-
Sweeney was most recently VP at Vantage Risk, as part of a team responsible for the US financial lines business.
-
The bulls expect around $20bn-$30bn in Milton losses, with the bears anticipating $40bn-$50bn.
-
The estimate includes private cover for residential, commercial and industrial property.
-
RMS will issue its final loss estimates for Milton later this week.
-
With the storm’s losses looking more favourable, questions over rates and gross/net strategies will arise.
-
Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
-
On Wednesday, the model had suggested a mean figure at $25.3bn.
-
A more residential-skewed loss would impact Lloyd’s carriers in treaty where market share is lower.
-
The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.
-
Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
-
The cost to the NFIP is likely to be a “mid to high single-digit-billion impact”.
-
The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
-
Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
-
The NHC storm track predicts landfall below Sarasota, south of Tampa Bay.
-
Paul spent five years at Gallagher Re in addition to 10 years at Guy Carpenter.
-
The aviation market is currently experiencing high levels of competition.
-
The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
-
A hurricane warning has been issued for the east coast of Florida.
-
Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
-
Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
-
Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
-
We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment.
-
Guy Carp is advising the specialty insurer as it seeks to draw a line under adverse development from its historic program book.
-
As the carrier looks to provide liquidity to its PE backers, it is examining a range of paths to reshuffle the investor base.
-
The dispute has arisen due to a mismatch in the provision of infectious disease cover between Petroperu’s policy with local fronting carrier Mapfre, and the policy between Mapfre and its facultative reinsurers.
-
The executive will also remain his current role as head of Colombia, it is understood.
-
The appointments come after the shock departure by former president of North America for reinsurance Tim Ronda, who left late last month to become president of rival intermediary TigerRisk.
-
Guy Carpenter’s US facultative leader steps down after just eight months.
-
The executive joined Vantage on Monday, after spending the last 10 years at Axa XL.
-
The executive is leaving his role as global head of broking at Willis to take on a major role at Aon, in the aftermath of the mega-merger collapse.
-
Julian Samengo-Turner, who was global CEO of fac at Guy Carpenter in the 2000s, is leaving Willis after four years in the role.
-
Lockton Latin America and Caribbean has tapped Daniel Court from BMS to head financial and professional lines across the region, this publication understands.
-
The wholesaler could have an enterprise value of upwards of $7bn when it goes public.
-
Fresh departures also include Ana Maria Rivera, a global sales and solutions leader in LatAm.
-
Nagamine joins from troubled reinsurer IRB Re Brasil, where his remit covered reinsurance to the oil and gas industry and the international market.
-
The hires are latest move in a recruitment drive by Lockton in LatAm.
-
The news follows the reinsurer’s announcement that the executive would step down from his role at the end of April.
-
Miami-based Moreno spent 13 years at AIG as an energy underwriter, before becoming a regional energy leader at Willis in 2016.
-
Hessing joined the company in September to replace David Atkins, who had been with Enstar since 2003.
-
It follows earlier efforts by excess cyber insurers to introduce sub-limits during Q4.
-
The insurer is also said to have scaled back its cession percentage to between 25%-30%, with final signings still being determined.
-
US president Nick Davies, SVP Sean Quigley and COO Adam Finkle leave the business.
-
The portfolio of InsurTech partnerships will now be overseen by the company’s specialty businesses in the US and UK.
-
Sources said AIG is offering some staff guaranteed bonuses and stay packages.
-
Banking sources are divided on whether AIG is likely to be able to find a buyer for its life arm.
-
The executive had been in the role since 2017 and previously managed the insurer’s global upstream energy book.
-
The PE house and the London market wholesaler will submit bids in just over a week.
-
The reinsurance start-up could list on the London Stock Exchange in November.
-
Liability account move is latest development in ongoing reinsurance buying overhaul.
-
The executive moves over in what is likely to be interpreted as preparation for an orderly CEO succession.
-
Chris Schaper is to step in as CEO of the unit, as Jeff Clements and Chris Silvester depart.
-
The MGA, which writes on paper from Accident Fund Insurance Company of America, uses AI in its underwriting process.
-
The appointment follows McElroy’s elevation to global CEO of general insurance at the carrier.
-
The airline has said that it does not expect a total loss to the $200mn policy with the aircraft repairable.
-
Just under 20 tons of cocaine was seized from the MSC Gayane by US authorities last July.
-
Arrivals include energy product leader Carlos Vinicius Simonini and placement head Marcelo Daniel.
-
Sources say the carrier’s group head of cyber Paul Miskovich has left his post.
-
John Forney succeeds incumbent GeoVera CEO Kevin Nish.
-
Sources predict Lloyd's will be the executive’s first platform, with £200mn a likely target stamp.
-
Far Horizons Capital is also suing JP Morgan for misrepresenting the reinsurer’s prospects when it was founded.
-
Sirius’ ownership and governance structure still creates scope for progress to signing to be complicated.
-
The senior underwriter will lead a new cargo operation at the carrier, sources say.
-
Enstar will remain a minority investor, with PE capital also drawn from Dragoneer and SkyKnight.
-
CEO Macia said the closure was "not a criticism of our technology, team or mission".
-
Strikes, riots and civil commotion wordings in US property policies leave both the US and London markets open to potentially significant losses.
-
The move is the latest among large private equity houses to consolidate programmes and leverage buying power.
-
Members will work with the existing integration leadership team.
-
Cedant buys a cat programme excess $550mn, but also has significant inuring reinsurance.
-
The Exor chief reaffirms his long-term commitment to the reinsurer in an internal memo.
-
The Axis founder told this publication the business has also fallen short on governance standards.
-
The InsurTech, which AIG opted to put into run-off, had projected premium income of $50mn in 2020.
-
Upstream energy is unaffected by the pullback.
-
Sources also named sector stalwarts Stone Point and Aquiline as potential sources of start-up capital.
-
Tracy Dolin warns there is a potential for insolvencies if BI bills get through.
-
Broker report models optimistic, moderate, severe and extreme outcomes from pandemic.
-
Insurance carriers and private equity firms have been approached over the last few weeks to gauge their interest in the business.
-
The veteran underwriter previously held executive roles at Qatar Re and Emirates International.
-
The insurer files a counterclaim insisting the law firm’s policies do not cover its Covid-19 BI claims.
