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The name change follows Gallagher’s January buyout of the outstanding shares in the company.
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The Farm Bureau programmes feature strong Lloyd's participation, while depop carriers are ones to watch.
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The reinsurance broker said mid-year excess capacity was at its lowest point since 2012.
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An early view of Hurricane Laura damage, more pain in store for Lloyd’s, and continued capital raising activity. -
The marine and composite broker is understood to have placed portions of the IG’s reinsurance programme.
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The former Hiscox CUO has $300mn of cornerstone backing from the PE firm to make a deal happen.
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Stinging energy losses could be added to a slew of painful marine and aviation losses in August.
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Storm surge losses are expected to remain under $500mn.
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The state insurer of last resort buys cover from a much lower-attaching level than its Texas peer.
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The collaboration is the latest signal of big tech’s growing interest in the insurance sector.
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Alternative reinsurance capital fell by 2.7% in the first half of the year, as Covid-19 uncertainty weighed on the market.
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Sources estimated combined property and crop claims could reach $4bn up to $10bn.
