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The broker said that there could be a flattening of rate decreases in the hull market in 2026.
A limited number of broking staff are also leaving the business, including downstream head Dan Nicholls.
Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.
The executive has spent more than three decades in insurance.
The LMA head also praised Velonetic for transparency on Blueprint 2.
The company has also expanded its relationships with US and UK MGAs.
The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
CEO David Howden accused rivals of “restricting choice for their own clients”.
Group CEO David Howden says: ‘Our doors are open’.
The leadership transition at the syndicate was announced earlier this year.
The carrier also benefitted from favourable reserve development in property and A&H.
The underwriter was head of financial institutions at LSM for six years.
The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
The suit asserts the raid will cause “incalculable harm” to the broker.
The executive joined Navigators in 2010 after eight years at White Mountains Capital.
The Canadian insurer saw property rates dip across its global divisions.
The business posted a 95.2% undiscounted combined ratio.
Alistair Lester joins from Aon, where he has worked for the past eight years.
Plus, the latest people moves and all the top news of the week.
The transaction is expected to have a price-to-earnings multiple of 11x.
The French carrier’s first-half revenues were driven by 6% growth in P&C.
The model becomes the second in the state to get approval to affect ratemaking applications.
A majority of staff not offered jobs at Ryan Re will remain at Markel to manage the run-off.
Competitor news
Competitor news
Competitor news
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Premium income was down due to lower volume in financial lines and alternative risk transfer. -
The news follows an announcement from the MGA last week that it has taken a Lloyd’s box.
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From our other titles
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From Insurance Insider ILS
Cat bond funds outpace private ILS by 2.01 points in H1: ILS Advisers
The ILS Advisers Fund Index reported a profit of 1.11% in June.
From Insurance Insider ILS
Swiss Re’s nat cat premium volumes flat in renewals year to date
The reinsurer had $2.8bn of natural catastrophe business up for renewal in the year so far.
From Insurance Insider ILS
Conduit Re will ‘invite’ third-party investors as it expands ILS over time
The reinsurer has already dipped into the cat bond market with its Stabilitas Re retro deals.
From Insurance Insider ILS
Florida rates likely to remain stable through 2025: HCI CEO
With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
From Insurance Insider ILS
Retro and ILS specialists Stubbings, Bailey leave McGill for Miller
The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
From Insurance Insider US
Casualty and property dynamics in a ‘unique’ cycle: Westfield’s Kuhn
Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.