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The carrier anticipates a “favourable” retro renewal at 1.1. -
The Marsh-placed account renews its all-risks cover on 16 November.
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The CEO said smart-follow is a structural evolution of the specialty market.
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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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The broker’s hiring to date has focused on the specialty segment.
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YTD disclosed run-off deals total 26, with $1.36bn of gross liabilities transferred.
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APAC now represents roughly 15% of all Lloyd’s premium.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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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 energy broker’s career also includes a stint at Price Forbes.
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Regulators do too little to distinguish between generalists and specialists, he said.
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The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.
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The broker grew earnings per share by 12.1% during the quarter.
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Plus, the latest people moves and all the top news of the week.
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The syndicate is expected to write ~$300mn of business in 2026.
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Starr’s reinsurance ambitions and embrace of Lloyd’s will be watched closely.
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CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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The insurer paid tribute to the executive’s lasting contributions to the firm.
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The fundraising structure for the deal includes a $600mn Convex debt raise.
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The broker has more than 20 years’ experience in the energy market.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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Everest’s AIG deal meaningfully cuts its primary exposure.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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The start-up has struggled to build scale since its 2024 launch and has cut back its 2026 stamp.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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Brokers may encourage clients to capitalise on falling rates by boosting coverage.
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The MGU’s second syndicate launch was delayed from January 2025.
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Matthew Hogg joined Liberty Specialty Markets in 2010.
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Jason Keen joined Everest in 2022 as head of international.
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This publication revealed the move earlier this year.
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The move comes as Michael Creighton is made credit and political-risk director for Africa.
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Private capital providers are being signed down as two strong years have piqued interest.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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APIP is one of the world’s largest property programs.
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The number of syndicates traded at auction was the highest for a decade.
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A canvassing of the cyber market suggests the impact will be negligible.
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Beazley is one of the key leaders in the London marine marketplace.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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Lloyd’s investment vehicles have been shelved in past years but a strong run of returns is creating interest.
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The financial services growth strategy could be “turbo-charged” by involving brokers, it said.
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AWS suffered a large-scale service disruption originating in northern Virginia.
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Part five in our series looks at how AI can empower brokers to add value as well as speed.
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Howden is facing fallout from its push into the US retail market via mass hires.
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Sam Geddes will join Syndicate 1918 next year in an executive leadership role.
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The company noted tougher market conditions and higher large losses during the year.
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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 Boeing cargo aircraft was wet leased by Emirates.
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The syndicate says it will not set any top-line targets on digital follow strategies.
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The two lines will add £11mn in planned premium.
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As two working member vacancies are arising on the Council, a ballot will be held.
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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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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
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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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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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Differentiating Lloyd’s claims performance could help drive business to the market.
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The report seeks to arm parliamentarians and policymakers with “practical tools”.
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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 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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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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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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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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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 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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Without flexible mechanisms the Corporation risks suppressing transactions.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Pryor-White founded Tarian Underwriting, which was sold to Corvus in 2022.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The carrier is planning a limited relaunch into the UK D&O market.
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The class offers affirmative coverage for gaps in traditional insurance policies.
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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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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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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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The aviation market has experienced a run of large losses this year.
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Plus, the latest people moves and all the top news of the week.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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The executive has worked at Aon for almost two decades.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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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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The protection gap must be closed before a public cyber reinsurance scheme is possible.
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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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Kantara now holds a majority stake in the MGA, with the rest held by employees.
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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 upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
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Several airlines are understood to have come to market early.
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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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Tom Potter was global casualty underwriting manager for UK & Lloyd’s at Axa XL.
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The Lloyd’s investment business has cut expenses by 54% over the past six months.
