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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Dasan's resignation comes within a period of significant moves across the construction market.
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OPEnergy will be the second MGA to launch on the platform this year, after Navium Marine was founded in April.
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Willis Towers Watson’s regional leader for Middle East and Africa (MEA) downstream natural resources William Peilow has resigned, Insurance Insider can reveal, as an exodus from the broker’s fac division continues.
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The carrier has seen an exodus of financial lines staff amid a battle for top talent in the line of business.
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The valuation represents a sector-leading multiple of in excess of 40x Ebitda.
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The broker places energy business across upstream, downstream and renewables with a team led by Tim Fillingham.
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Willis Towers Watson has won three new airline clients from Marsh, Insurance Insider can reveal, marking a string of victories for the broker’s global aerospace unit after a period of uncertainty.
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Steve Manwaring has resigned as manager of the carrier’s European surety operations and has been replaced Tom Johnson, who has been promoted to UK surety manager.
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The UK consolidator had been expected to be auctioned, but that process now looks set to be pre-empted.
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The carrier said the portfolios ‘no longer support’ its core strategy.
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The decision marks a further withdrawal of delegated authority capacity, particularly for US property, from London carriers.
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The pair are the latest to exit the facultative department at Willis after a stream of senior departures.
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