Reinsurance
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Court documents provide a window into the ambitious plans.
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Plus, the latest people moves and all the top news of the week.
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The London-based MGA will begin underwriting its international book next month.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The peril has been historically difficult to model compared to others.
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Habayeb will start next May following Kociancic's retirement.
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After a challenging period, the industry is now earning above its cost of capital.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The Australian insurer is a major cat cedant and had hoped to set up a reinsurance syndicate.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Carriers posted weaker top-line results but delivered improved combined ratios.