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Cedants could choose to retain more as cross-share sell-offs boost their capital. -
The carrier recently started underwriting construction in Lloyd’s through Probitas.
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He will have to step down from his non-executive role on the board to take the job.
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This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
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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 be seeking a consideration of £3.75bn+.
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Retention levels for reinsurance fell across the different geographies the carrier operates in.
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The executive said the company’s expanding capacity base would make it “more like a marketplace”.
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The ratings agency has revised Mercury’s outlook from stable to negative.
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The MGA’s US clients will now have access to London market capacity.
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The traditional R&W product is seeing an increasing number of large losses.
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