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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty. -
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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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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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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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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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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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
