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Brokers
Markel, Axis and MS Amlin confirmed as new ACT backers
Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025.
Adam McNestrie
,
16 December 2024
Renewals
European property renewals: Pricing slips as reinsurers gun for growth
Reinsurer appetite for aggregates begins to creep back in.
Rachel Dalton
,
16 December 2024
Reinsurance
Reinsurers drive 1.1 rates down as they grab for well-rated US cat
Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
Rachel Dalton
,
16 December 2024
London market
PPL restructures leadership team
The company has added new product and revenue offices.
Rachel Dalton
,
16 December 2024
Digests
Daily Digest: Top news from 16 December
A roundup of all the news you need today, including Beazley’s new group head of cyber appointment.
Insurance Insider
,
16 December 2024
Cyber
Beazley appoints Lezzi group head of cyber
The underwriter will report to group CUO Paul Bantick.
Rachel Dalton
,
16 December 2024
London market
Consilium boosts GWP by 54% to June 2024
The Aventum Group broker is targeting placing £1.1bn of GWP by year end 2026.
Samuel Casey
,
16 December 2024
M&A
Fairfax buys Omers out of Brit in $383mn deal
The company has been buying out Omers’ shares since 2015.
Rachel Dalton
,
16 December 2024
London market
A dangerous moment for London as competition intensifies
Rates are turning negative, and the balance of power is shifting towards the brokers.
Adam McNestrie
,
16 December 2024
M&A
Allianz withdraws $2.2bn offer for Income Insurance stake
The move follows objections from the Singapore government.
Rachel Dalton
,
16 December 2024
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