UK and Europe
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In its first six weeks, Taurus has brokered more than £100mn of UK real estate.
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The backing represents a rare move from a collateralized reinsurer to take on risk in the legacy space.
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The incidental syndicate will also house Liddell’s A&H team and Carr’s marine liability team.
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The underwriter had worked for Syndicate 1200 since 2011.
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The former Everest executive will look to roll out a range of new product lines at the heavyweight MGA.
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Curtin has spent almost 50 years in the market with stints at Marsh and Sedgwick.
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This publication revealed the appointment in November last year.
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Underestimated average claim value has led to a dramatic February update.
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The company is still working to get debt holder approval for the Accredited deal.
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The marine hull market is looking to retain rating robustness in 2024.
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Tim Bluck joins as a partner, covering UK clients.
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The Livingbridge-backed broker may return to market in 2025.
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Jack Broadbent left WTW to join CFC in June 2023.
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The book is yet another indication of growing interest in the space.
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Alex Coulton previously held the role of construction underwriter at Axis Capital.
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Getty was appointed to the role in December of last year, having joined Talbot as cyber and technology class underwriter in 2017.
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Insurance Insider understands David Walsh told employees in a memo that “certain culture failings” were identified in an investigation which had gone on “for some time”.
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The class underwriter has spent more than two decades with Brit.
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The exercise is understood to involve mainly junior and non-broking staff.
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Insurance Insider revealed yesterday that the two firms were in advanced talks over a potential transaction.
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Syndicate 1856 is looking to back diversified coverholders for the project.
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The resignation follows the appointment of Sedgewick's Julie Ross to lead the team.
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The utility previously bought a $1bn policy from the (re)insurance market.
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The treaty specialist has also worked at QBE Re, Aspen and Swiss Re.
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The former Vibe CEO has also worked for Axis Capital and Ace.
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City of London grandee Martin Gilbert is attached to the project in a non-executive capacity, sources said.
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The underwriter had worked for Axis and predecessor Novae for 17 years.
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Loss activity is escalating in the class of business, leading underwriters to question rate softening.
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The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium.
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A leaked document also details the rationale for the planned combination of syndicates 510 and 557.
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Chaucer’s global head of marine Philip Graham also chairs the influential facts and figures committee of the International Union of Marine Insurance.
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Mitsui, Tokio and Sompo are to split the loss, which will be absorbed by retentions and property XoL treaties.
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Non-life reinsurance director Joachim Racz is to replace the executive.
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The private equity firm took the intermediary private in a deal struck in 2018.
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As part of the changes, North America CEO Dan Linton – who operates out of Bermuda – is to leave the company, while around half a dozen employees will be made redundant.
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WRB’s head of political lines Sundeep Daddar and PV underwriter Luke Bennett are to leave the company as a result of the exit.
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The appointment of Will Jones comes during a time of change for the WTW terrorism and political violence team.
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Jefferies has been awarded the mandate to seek a buyer for the segment.
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The move comes as the London market continues to suffer from a lack of cyber capacity.
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The ECI-backed business will likely be marketed on a ~£15mn Ebitda figure.
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Amid Ukraine uncertainty, there is extreme wariness among reinsurers to provide PV and terrorism cover as part of bundled specialty treaties.
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The senior broker has worked at Guy Carpenter for more than 25 years and specialises in life, A&H and crisis management.
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The independent broker has an end to its long search for a new owner in sight.
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The MGA will not trade for the foreseeable future after Munich Re and Ascot decided to pull its paper.
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NDAs have been sent out to global insurance groups and heavyweight PE firms, it is understood.
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Lisa Leahy will be reunited with former colleague and TMK’s divisional head of aviation, James Walker, in her new role.
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The marine underwriter first joined the carrier in 2020 after leaving long-standing employer Atrium.
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Nigel Cooper most recently held the position of senior construction underwriter, global construction at Travelers.
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The major UK insurance group has been exploring a launch since last year.
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The broker has distributed top jobs among former Willis Re and legacy Gallagher Re staff.
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The recruit is the latest WTW alumnus to join the DIFC-based fac and specialty operation.
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It was first announced in October 2021 that IQUW and Agora would be merging their property teams, with Agora’s insurance and reinsurance businesses transitioning to IQUW.
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The appointment of Sam Joscelyne-Manning follows WTW’s recent hiring of Aon’s Teddie Bailey, who is also joining the broker’s terrorism and political violence team.
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As the carrier looks to provide liquidity to its PE backers, it is examining a range of paths to reshuffle the investor base.
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The US retailer looks set to secure the UK consolidator after fending off private equity house TA Associates.
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The withdrawal of the major lead market will substantially reduce available capacity at 1 April renewals.
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The acquisition of Willis Re last year transformed Gallagher into a top-three reinsurance player.
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The senior underwriting figure will lead one of the bigger aviation portfolios in the London market.
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The UK segment reported an operating loss of £37mn in 2020 and could present a consolidation opportunity for major GI players.
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The liability chief started her career with Endeavour in 2009.
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The former Dual CEO will run a unit in the same stable as the private equity firm’s broker, Oneglobal.
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McCoy’s appointment follows the news that ERS-owned IQUW is venturing into recall with a crisis management product led by Talbot’s Jon Atkinson.
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Giles Ham will join AJ Gallagher in Q1 2022, working in the broker’s specialty construction practise.
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Sources said the syndicate had absorbed heavy losses in 2020 and was also facing capital charges to support cat-exposed business.
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BMS has also walked away from a deal after a brief rekindling of negotiations.
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It has been suggested that a Lloyd’s syndicate could provide a neat solution to the licensing needs of its growing specialty business.
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The executive has headed Marsh McLennan’s reinsurance broker since joining from Willis Re in 2015.
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The Corporation said it will consider using digital platforms as it evolves its thinking on the future of the Lloyd’s underwriting room.
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The aviation veteran worked for Axa XL for almost two decades.
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Based in London, Graham Bristow, Barrie Watson and Ian Leslie all held senior roles at Aon's credit solutions.
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Johnny Shannon will work alongside MS Amlin colleague Scott Heeley to build a book of cargo business.
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The body’s remit will include governance of the core data record – a crucial element of the Blueprint Two reforms at Lloyd’s.
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