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MGAs/MGUs
Mission Underwriters launches 25th MGA, Carrow Insurance, led by Conboy
The business will offer warranty, A&H and income protection products.
Samuel Casey
,
17 October 2024
Re/insurers
Probitas AdA Spa 2024 launches cargo book with O’Dwyer
The new product adds to its existing portfolio of upstream energy and marine and energy liability business.
Samuel Casey
,
17 October 2024
Specialty lines
The cyber market may benefit from a backstop – but how would it work?
A canvassing of the market showed some bifurcation on the necessity of a government backstop.
Abbie Day
,
17 October 2024
Re/insurers
HCI Group estimates $600mn-$750mn gross payout for three hurricanes
HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
Kyoung-son Song
,
16 October 2024
London market
Beazley halts offering new capacity for hospitals
The carrier will only continue to offer lead capacity to some existing accounts.
Kyoung-son Song
,
16 October 2024
London market
MIC Global Syndicate 5183 to cease writing new business in 2025
MIC Global will become Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 for 2025
Stephanie Denton
,
16 October 2024
Brokers
Guy Carpenter and Marsh fac business to merge in Europe
Elaine Casaprima will serve as CEO of the combined entity.
Rachel Dalton
,
16 October 2024
London market
Solasta Innovation scraps 2025 launch
The Lloyd’s spread vehicle failed to meet fundraising deadlines.
Rachel Dalton
,
16 October 2024
Catastrophe losses
Verisk pegs onshore property loss from Milton at $30bn-$50bn
Most of the insured loss was attributable to wind.
Jim Robinson
,
16 October 2024
Reinsurers
Insured nat cat losses total $108bn in ‘quite active’ year to Q3: Gallagher Re
The above-average tally was driven by a high frequency of mid-sized events.
Samuel Casey
,
16 October 2024
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