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Dual aims to ‘redefine what a global specialty MGA can look like’: Howden

In an interview alongside Align’s founder Kieran Sweeney, the legendary London market entrepreneur also disclosed his company paid $800mn for the US MGA.

James Thaler, 12 August 2021
China steps up regulatory scrutiny of online insurers

China’s insurance and banking regulator is stepping up its scrutiny of online insurance companies, its most recent move to maintain control over the country's fintech sector, according to a report by Reuters.

Eli Rallo, 12 August 2021
Howden-owned MGA Dual buys Align to form $2bn GWP group

Align’s founder Kieran Sweeney will run the merged business in the US, become executive chairman of Dual Group globally, and is joining Howden’s executive committee.

James Thaler, 12 August 2021
Downstream cresting hard market, upstream decreases available: Gallagher

The broker said ESG pressure was attracting capacity away from fossil fuels to renewables.

Samuel Casey, 12 August 2021
Mahoney promoted to Axa XL global head of political risk, credit and bond risk

Dane Mahoney, who has been with Axa XL since 2013, will lead a team of global risk analysts and develop the global underwriting strategy.

Eli Rallo, 12 August 2021
QBE international unit swings back to $418mn H1 profit

The carrier booked above-budget cat losses of $462mn due to Uri and Australian flooding.

Rachel Dalton, 12 August 2021
‘Pretty gentle’ pricing trajectory expected in commercial lines: Zurich’s Quinn

The executive said it was too early to read the trend of loss cost inflation as US courts began to reopen.

Samuel Casey, 12 August 2021
Argo CUO Tim Carter to depart as streamlining under Rehnberg continues

Matt Harris, the carrier’s head of international, has also left the business, as general counsel Susan Comparato takes up the role of chief administrative officer.

James Thaler, 12 August 2021
Ageas reports EUR400mn loss from Belgian flooding

The carrier said flooding in the country would have an impact of EUR55mn on its net results.

Alex Frampton, 12 August 2021
Legacy firms may face S166 reviews for some Part VII deals

The PRA has proposed that where non-life legacy transfer deals involve a carrier in run-off, the acquirer may have to go through a Section 166 review under certain circumstances.

Marcel Le Gouais, 12 August 2021

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