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The carrier has entered several new classes recently, including specie and reinsurance. -
The MGA has been through a remedial exercise under Acrisure’s ownership.
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The unit will include both ocean and inland marine coverage.
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The carriers remain in takeover negotiations but have not reached a decision around valuation.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The take-private deal was announced in July 2024.
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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 expansive broker now employs over 450 people in Japan, after launching there in 2024.
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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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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
