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RenRe and AIG stocks rise on Validus M&A deal
The deal is not predicted to have a long-term impact on RenRe’s financial leverage, AM Best said.
Aisling Finn
,
23 May 2023
Gallagher Re takes Howden Tiger’s Johnson for NA large-account focus
Gallagher Re is looking to increase its presence in the North American large-account space, where it is underweight compared with rivals.
Samuel Casey
,
23 May 2023
BMS’s Gormley: London business inflow continues ‘at pace’
The broker’s UK CEO said the current rating environment is ‘eminently supportable’ for London carriers.
Rachel Dalton
,
23 May 2023
Howden trials Morning Data solution under Blueprint Two adoption plans
The broker is trialling a contract-checker tool provided by Morning Data to support adoption of the core data record and MRC v3, as foundational reforms for the Blueprint Two programme accelerate across the market.
Marcel Le Gouais
,
23 May 2023
RenRe-Validus combined entity will control $12bn of P&C re premium
The takeover will push it up two places to rank as the fifth-largest writer of P&C reinsurance by gross premium.
Rachel Dalton
,
23 May 2023
AI firm Eigen Technologies launches GPT integration
The integration launched by Eigen Technologies, a provider of AI-driven document processing and data extraction services, marks another advance of large language-model technology in the London market.
Marcel Le Gouais
,
23 May 2023
Axa XL takes Aon’s Roberts-Mills as head of energy transition
Sean McGovern said the appointment was part of an “important strategic initiative” for the company.
Samuel Casey
,
23 May 2023
HDI Global combined ratio improves to 93.2% in Q1 as large losses fall
The largest single loss event in the quarter was the Turkey and Syria earthquake, which cost EUR15mn.
Samuel Casey
,
23 May 2023
BP Marsh nets £51.5mn from Kentro sale to Brown & Brown
The deal represents a 3.41x money multiple for Kentro Capital’s largest single investor.
Samuel Casey
,
23 May 2023
Opinion: Cyber war and (no) peace
The ongoing debate raging in London on the nuances of cyber war wordings threatens to wreak more reputational damage on the industry if a consensus is not found.
Catrin Shi
,
23 May 2023
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