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Thomas Joyce is also joining the London wholesaler, launched last year. -
The president and CEO will also be eligible for up to $50mn in shares.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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The renewal was characterised by abundant capacity and strong competition.
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The market was unphased by January’s record wildfire loss in Los Angeles.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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The former SPA graduates to a full syndicate under Probitas management.
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The pricing battle has been played out but the extent of new demand will only show up in 2026.
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Larke assumed the role of class leader in April as part of a planned succession.
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Defendants can service clients who signed BOR letters as of December 29.
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Patel was recognised for services to charity and Riley for business leadership and inclusion
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Verisk entered the agreement to purchase the SaaS platform in July this year.
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Former Aon employees are barred from using Aon’s confidential information.
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Price has become a key differentiator in marine and energy.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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Insurance Insider reflects on the themes that shaped 2025 for the London market.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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Most Covid BI claims are due to lapse in March 2026.
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Luca Ronsisvalle and Jan von Kamp bring marine and energy capability.
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Insurance Insider reflects on major loss events of 2025 for the London market.
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K2’s CUO Parth Patel will serve as the SPA’s active underwriter as it was granted permission to underwrite for 1.1.
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The fund has signed up Oliver Hemsley and Peter Montanaro to its board.
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The facility has expanded to cover construction and renewable energy risks.
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The CEO is looking to bring in external capital to support a new independent syndicate.
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Howard Hughes Holdings agreed to buy the carrier for $2.1bn.
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Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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Savannah Thompson resigned from TFP, where she had been since 2017.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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According to S&P, the carrier’s outlook is “stable”.
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The market is conceding some ground on wordings, after a tightening of conditions post-Ukraine.
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Lyndsey Bauer joined Paragon in 2007 and has previously held senior positions at Marsh.
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Plus, the latest people moves and all the top news of the week.
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The company named two execs to head global wholesale and commercial.
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Market sources have also raised the prospect of moving the market beyond bureau reliance.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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What were the defining moments that shaped the insurance market in 2025?
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The facility provides solvency support via a fresh equity injection under various scenarios.
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Ackman targets high-teens ROE at Vantage via underwriting gains and equity investing.
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The downstream market has suffered a string of costly claims this year.
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The deal follows a minority investment from the insurer in the summer.
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Savannah Thompson is set to exit after eight years with the company.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The MGA will also launch into cyber in 2026, adding to its property and marine lines.
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Transactions reveal the attractiveness of the "underwriting plus" business model.
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The parties now have 60 days to file a stipulation to dismiss the action.
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Justin Camara was EVP and portfolio director for financial and professional liability.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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Nearly one-third of 2025’s talent movement was recorded in Q3.
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Several of Henrietta Butcher’s former Tysers colleagues have also moved to Lockton Re.
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From 2026, the facility will also offer longer maximum construction periods.
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Pricing in the D&O market is starting to flatten after several years of steep decreases.
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The newly created role will have responsibility for algorithmic and digital distribution channels.
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Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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The six D&I partner networks already derive most of their funding from other sources.
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He will join Gallagher as chief broking officer for EMEA transaction solutions.
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Nick Hankin replaces Chris Killourhy, who is becoming group CFO.
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The broking group also increased its euro loan by EUR160mn to EUR1.16bn.
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The storm outbreak follows similar events in the area in 2020 and 2023.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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Fleming Re bought the James River Re legacy book in 2024.
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Rowan Douglas steps down as Howden climate risk CEO, stays on as senior adviser.
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The guidance will come into force on 1 September 2026.
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Mathew Bond will be joining as director of tax.
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The executive discussed the importance of mental health as he prepares to step down.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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Plus, the latest people moves and all the top news of the week.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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The country's competition commission said the takeover would result in less competition.
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PE, more alignment and tech are uncoupling MGAs from traditional market swings.
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How do you harmonise distribution strategies in a rapidly evolving marketplace?
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Guy Carpenter has sued Willis Re over a mass team lift in London and Bermuda in June.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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A look back at the year in (re)insurance, with the aid of some of our visual journalism.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The carrier said it will leverage its strong position in the ongoing favourable environment.
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Canopius will continue to be one of several capacity providers to the MGA.
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This publication revealed the GC trio were set to join the start-up broker in June.
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Colette Buckley joins Steven Ridgers, who became Axis head of erection all risks in October.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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The highest portion of losses was experienced in Alberta.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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The LMA, FCA and Liiba welcomed the direction of travel but said progress is slow.
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Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
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The executive co-led the US financial institutions business at BHSI.
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Icen said the hire supports its continued investment in developing a global M&A specialist.
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The marine insurer said a volatile claims environment necessitated rate adjustments.
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The review found an unrelated breach over the CEO failing to log a journey on a private jet.
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BNP Paribas will take a EUR1.11bn stake in Ageas.
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The mechanism would work similarly to Flood Re.
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The CEO conceded some might see Swiss Re’s dividend targets for 2026 as “underwhelming”.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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Charlotte Pritchard is set to succeed Andrew Creed, effective 5 January.
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According to the Civil Unrest Index, protest activity has soared over the past two years.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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Plus, the latest people moves and all the top news of the week.
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The reinsurer’s “refreshed” strategy to focus on AI and a new share-buyback programme.
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One critical sticking point for Lloyd’s is the true alignment of interest with the market.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The underwriter has spent 30 years in fine art insurance.
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The Lloyd’s Market Association (LMA), setting out its “core asks” for 2026, has said it is expecting the market to achieve multiple peer-to-peer technology adoptions next year.
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The underwriter is set to leave the business after 20 years.
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McGill’s Underscore platform will identify eligible risks for Aegis to follow.
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This publication revealed Jeroen van de Grampel and Nicholas Moore’s departures in August.
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All-risks premium increases are now understood to be in the 15% to 20% range.
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The transaction is expected to close early in the first quarter of 2026.
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The company had argued the judge missed key info when dismissing the case.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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Fears relating to an economic downturn continue to dominate concerns.
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New Nuclear is currently raising capacity, with an eye to launch in 2026.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Data points to growth in surrogacy and IVF support across the industry.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The executive argued that injunctions following team lifts were “the industry standard”.
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The chief of market performance urged underwriters not to follow the herd.
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Brian Marsh will take up a non-executive position, effective immediately.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
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The broker said the A$45-per-share price discussed valued the firm appropriately.
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Six of the 10 largest syndicates remained flat or reported de-emptions.
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The business recently struck a deal to be acquired by Aquiline.
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The reinsurer is offering pricing incentives to members to reintegrate cover.
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The underwriter worked for Nexus for over four years.
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Lower rates and currency shifts have pushed syndicates to cut stamp.
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Court documents provide a window into the ambitious plans.
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Plus, the latest people moves and all the top news of the week.
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Jaymin Patel joined Berkley Specialty London in 2021 as senior engineering underwriter.
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The chief of market performance urged syndicates not to “pull forwards” tougher conditions by chasing topline.
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The carrier booked GWP growth of 6% for the first nine months of 2025.
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The carrier is looking to latch onto emerging economic trends where it can add expertise.
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The venture will focus on speciality underwriting and related platforms.
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Until successors start, the MGA will focus mainly on excess tax opportunities.
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Better data validation and stronger claims controls are also key for MGAs.
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The syndicate was launched at Lloyd’s last year.
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Most segments have grown premiums so far this year, but only three have observed increased rates.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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This webinar dives into the latest trends, legal cases and risk management strategies surrounding these next-generation digital liabilities
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The lawsuit alleges that Marsh misnamed the insured party on the policy.
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Despite 2025 losses, carriers have not secured desired rate increases.
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The London-based MGA will begin underwriting its international book next month.
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In mid-morning training, the share price had fallen by 12%.
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The underwriter will fill a newly created role at AIG.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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In this final instalment, we argue that investing in personnel is as critical to success as the tech itself.
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The carrier plans to invest $500mn in capital to establish a presence in Bermuda.
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Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.
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The class of business has shouldered claims totalling over $4bn this year.
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Simon Mason will continue to support the business through the upcoming reinsurance renewals.
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The business was founded last year by former Beazley underwriter Richard Young.
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Call for public and private partnership in cyber are not new, but sentiment remains divided.
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Rob Sage joined Aon in 2022 as an executive director.
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In October, this publication revealed that Nexus ceased writing W&I coverage.
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The MGA has expanded its suite of products since launching last year.
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The association has teamed up with Lloyd’s on a women’s underwriting summit.
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Willis reports that the mining market has softened at a ‘considerable rate’ this year.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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In 2024, Aviva agreed to buy Direct Line for £3.7bn, which led its risk-adjusted capital score to fall.
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The peril has been historically difficult to model compared to others.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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The developments this week thrust culture issues up the agenda for new leadership.
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Habayeb will start next May following Kociancic's retirement.
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Guy Carpenter continues to pursue Willis Re and individuals in court.
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After a challenging period, the industry is now earning above its cost of capital.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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Sheila Cameron called on Lloyd’s to “accelerate” its commitment to behavioural change.
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Aegis, Beazley and others are among those cutting stamps.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Whether Rebekah Clement's promotion was influenced by an inappropriate relationship is in scope.
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The Australian insurer is a major cat cedant and had hoped to set up a reinsurance syndicate.
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The carrier is currently focused on ~$1bn bolt-on acquisitions.
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Emma Woolley has held the marine role on an interim basis alongside running Talbot.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Liberty recently restructured its UK and MENA underwriting leadership.
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Chris Lay will retire from the business in Q1 2026.
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The carrier boosted net premiums by 45% and shaved 2 points off its expense ratio.
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The improved combined ratio was driven by lower losses and expenses.
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At our London conference, executives saw various routes to growth, even as headwinds grow.
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The international segment’s net written premium contracted 5%.
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Loss activity in the upstream market remains benign, adding to softening.
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This publication reported in October that Debbie Hobbs was to exit Miller after four years.
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Sharp will remain for the 2026 renewal process, before pursuing a new opportunity in the market.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Stephenson will start his new role in early 2026.
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Insurers must avoid being a “blocker” in development and financing decisions.
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The agency cited moderating premium growth and selective underwriting capacity as factors behind the downgrade.
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The French mutual is one of the first major 1.1 accounts to firm-order.
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Existing facilities and carrier partners will be transferring from K2.
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The facility is led by Beazley’s Smart Tracker.
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Executives also agreed that facilitisation is a structural market change.
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Panellists said the sector must communicate its value in language tailored to each client.
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David Croom-Johnson will now focus exclusively on CEO duties.
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The business was launched in July to focus on the smart-follow market.
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The syndicate aims to write £80mn of programme business in 2026.
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Several PE-backed syndicates were recently sold, but some of the fastest-growing businesses remain up for grabs.
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MassMutual will retain an 82% stake in the $470bn asset manager.
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A motion by defendants to dismiss the case was also denied.
-
The latest guide is the first in a two-phase programme with a practical guide to follow.
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Apollo CEO David Ibeson was also in the running for a seat on Council.
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AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
-
Panellists agreed a soft market should not dampen product development.
-
The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
-
Plus, the latest people moves and all the top news of the week.
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The reinsurer said discipline was now “equally important as price”.
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Innovation emerged as the critical target for attracting new business to London.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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What does it take to build a reinsurer that can manage volatility?
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The MGA began offering US commercial E&S property products in December.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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Panellists said the industry must be deliberate in setting a strategy for the right outcomes.
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The Aspen exec highlighted the London market’s long-standing reputation for innovation.
