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Digests
Daily Digest: Top news from 27 November
A roundup of all the news you need today, including Lloyd’s CUO Rachel Turk comments on cyber.
Insurance Insider team
,
27 November 2024
Cyber
Cyber products can no longer be called ‘short tail’: Lloyd’s Turk
Cyber is more in the one- or two-year loss development camp, the Lloyd’s CUO said.
Abbie Day
,
27 November 2024
London market
Turnkeys: Is more competition needed to boost Lloyd’s start-up momentum?
The market’s dearth of third-party managing agents is a source of tension among young syndicates.
Rachel Dalton
,
27 November 2024
Capital raising
Bermuda reinsurer Mereo poised for launch after ~$650mn raise
The start-up has secured BMA approval as it looks to a 1 January kick-off.
Adam McNestrie
,
26 November 2024
Reinsurance
Volante lays out Volante Re ambitions under ex-Westfield duo Dale and Martin
Insurance Insider had previously reported the appointment of the two executives.
Samuel Casey
,
26 November 2024
Marine
Allied World takes Canopius’s Loten for marine reinsurance
The specialty reinsurance space has experienced a recent period of talent churn.
Samuel Casey
,
26 November 2024
London market
Stamp capacity survey: Major 2025 pre-emptions among early reporters
Large syndicates outside top performer quartiles have been afforded significant room to grow.
Ben Wylie
,
26 November 2024
MGAs/MGUs
Hadron takes ex-Accredited Europe CEO Johnson as international CEO
The hybrid fronting carrier was launched last year and is led by Talbot alumnus Sam Reeder.
Samuel Casey
,
26 November 2024
Brokers
McGill launches trade-disruption facility with TMK and Convex
The facility uses AI technology from Altana.
Rachel Dalton
,
26 November 2024
Re/insurers
Oak Re lands Lloyd’s approval for January launch of Syndicate 2843
Oak Re confirmed Bain as an investor, with further capital through Hampden clients and Alpha.
Rachel Dalton
,
26 November 2024
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