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The broker’s hiring to date has focused on the specialty segment. -
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.
