Outgoing Willis Re global CEO John Cavanagh has begun work on the formation of a technology-enabled MGA that he will look to launch next year after leaving the big three broker, The Insurance Insider can reveal.
Delayed shariah-compliant Lloyd's start-up Cobalt is in advanced sale talks with National Standard Finance, an infrastructure and debt investor based in Sandy Springs, Georgia, The Insurance Insider can reveal.
Expectations of a truly hard market for US property catastrophe treaty business are starting to recede as initial indications suggest that Hurricane Irma was a less severe event than expected
Universal, United P&C (UPC Insurance), Heritage and Federated National are the leading private market carriers in the 12 Florida counties that were the first to take the brunt of Hurricane Irma
The Corporation of Lloyd's has placed itself on a collision course with incumbent managing agents by entertaining at least nine full syndicate and special purpose arrangement (SPA) start-ups for the first half of 2018.
Former Validus CEO Conan Ward is set to join Willis Re's specialty business as the head of its US operations, The Insurance Insider can reveal.
The top five reinsurance writers in Florida assume 23 percent of the market's ceded premium, analysis by The Insurance Insider has shown
Simon Gander, one of the most senior staff at Aon Benfield in London, will leave the reinsurance broker at the end of the year
AIG released firm order terms to the market on Friday for a $1bn back-up catastrophe cover as it moved quickest in the scramble to secure what could be limited post-loss capacity, The Insurance Insider can reveal
Stefan Long's MGA start-up, now christened as Chord Re, has built out its team with the hire of property and risk heads and is poised to launch at 1 January
Willis Re CEO John Cavanagh and designated successor James Kent have urged the reinsurance market to show a measured response when arranging back-ups following Hurricane Harvey and Hurricane Irma
The Insurance Insider breaks down Florida premium ceded by the largest carriers