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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027. -
The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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The executive most recently served as head of North American treaty reinsurance.
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The executive has worked at RFIB, Benfield and Guy Carpenter during his 30-year career.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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A roundup of all the news you need, including CFC’s appointment of Jane Poole as CFO.
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Jane Poole will succeed Michael Grist, who exits after nearly 16 years.
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Cyber reinsurance supply has continued to outstrip demand during 2025.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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The executive said claims can be a differentiator in a softening market.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
