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Higher cat losses and more casualty reserving could bring profits below 2023 high-point. -
TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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Syndicate 3705 will begin underwriting on 1 January 2025.
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The company has exited some transactional liability and commercial D&O business.
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James Drinkwater is to serve as vice chair and executive chairman at Amwins Global Risks.
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The carrier revealed new group financial targets at its Capital Markets Day.
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The business will test the market from a position of strength after impressive early profits and robust growth.
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The executive said the combined entity could execute 100-110 tuck-in M&A deals a year.
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The deal represents a 14.3x Ebitda multiple and strengthens Gallagher’s mid-market position.
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The underwriter most recently worked as head of hull and war for Travelers Syndicate 5000.
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The firm has added net headcount of 140 people this year, including hires into its incubation platform Pine Walk.
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