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Axa XL is understood to be the lead carrier, with Gallagher the broker on the account. -
The broker said demand grew more slowly than reinsurer appetite.
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Aviva is targeting £125mn of annual savings within three years of the deal.
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A California ruling could set an important precedent as other courts consider similar cases.
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Churn is expected to return to the market in 2025 as scrapping of older fleet accelerates.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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This publication revealed on Friday that Reith was joining the firm, having departed from Helios in June.
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This follows a preliminary agreement reached earlier this month.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.
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A recent drive for additional brokerage underscores the shift towards a softer market.
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The executive will look to develop the MGA’s specialty underwriting portfolio.
