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Clients are increasingly using captives because of uncertainty around long-term capacity commitments. -
Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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The executive was CEO at PartnerRe until he retired last year.
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The three months to June included a cluster of Guy Carpenter exits.
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The carrier has entered several new classes recently, including specie and reinsurance.
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The MGA has been through a remedial exercise under Acrisure’s ownership.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The claim hits the downstream market following a loss-hit start to the year.
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The new chair said the market must adapt for 2030 and beyond.
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The FCA is reviewing how it can simplify regulation for commercial insurers.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
