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Munich Re is among the insurers with a stake in the German carrier. -
The executive is charged with defrauding investors out of nearly $500mn.
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The two lines will add £11mn in planned premium.
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The broker will report to Howden US CEO Mike Parrish.
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The protection covers the US insurance book for the 2024 and prior accident years.
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The change forms part of a broader leadership reorganisation.
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As two working member vacancies are arising on the Council, a ballot will be held.
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Plus, the latest people moves and all the top news of the week.
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David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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IGI’s premium income has almost doubled since it listed in 2020, but how can growth still be achieved in a soft market?
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
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Rachel Webber was most recently head of non-marine at TransRe.
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Jamie Smith joined Arch in 2018, taking on the senior underwriter role in 2022.
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The executive has run the MGA platform since its 2017 inception.
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Debbie Hobbs joined Miller in 2021 from EmergIn Risk.
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Michael Shen will be succeeded by deputy Camilla Walker.
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Differentiating Lloyd’s claims performance could help drive business to the market.
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The report seeks to arm parliamentarians and policymakers with “practical tools”.
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Though wildfire losses are up, total losses are the lowest since 2015.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Brian Church has spent 20 years at Chubb.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The reshuffle is likely laying the foundations for the eventual succession to CEO Mario Greco.
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The group will join forces with SRG subsidiary Miles Smith.
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Class actions and third-party litigation funding will drive up losses.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
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Neil Ross was also appointed CUO for the broker’s MGA.
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The international division is seeking a new London market manager.
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The London-based pair will report to commercial risk UK CEO Rob Kemp.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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The governor has yet to sign a pending bill to create a public cat model.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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White will join from Allianz trade, and Summers from Talbot.
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Plus, the latest people moves and all the top news of the week.
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The reinsurer plans to grow its US business at a higher rate than its non-US business.
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Carriers are rethinking the traditional renewal-rights model.
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Moretti has relocated to California from London.
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Willis claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Incumbent Jane Warren will retire at the end of the year.
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The carrier has hired José David Jiménez García as managing director for Germany.
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Scott was most recently head of claims at MGA Geo Underwriting.
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Without flexible mechanisms the Corporation risks suppressing transactions.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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The Ryan Specialty renewables MGA launched an international arm last year.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Pryor-White founded Tarian Underwriting, which was sold to Corvus in 2022.
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In July, he took the role on interim basis from Laure Forgeron.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The recruits will join from Nephila, Aon and Malaysian Re.
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Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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The carrier is planning a limited relaunch into the UK D&O market.
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The class offers affirmative coverage for gaps in traditional insurance policies.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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It comes as the MGA expects to write more than $1bn of premium in 2026.
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The underwriter has worked for Markel in Singapore since 2020.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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The carrier will pay special dividends only in exceptional circumstances.
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Samir Hemsi was CUO at Westfield Syndicate and sat on the firm’s board of directors.
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Joel Hodges will run the international business as managing director.
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The newly united company has set out ambitions to double in size by 2030.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The former civil servant joined the Corporation in October 2021.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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West Hill Capital is the main investor in the capital raise.
