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The year featured the fewest multi-billion-dollar insured loss events since 2019. -
SCS insured losses accounted for 48% of all global losses last year.
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It is understood that Salcedo will join Aon as P&C treaty head for Colombia and Ecuador.
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The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Guy Carp has been rebuilding its marine and energy team after a major Willis Re team lift.
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Plus, the latest people moves and all the top news of the week.
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The ICA has escalated its ‘significant event’ declaration to ‘insurance catastrophe’.
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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh.
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The trade body called for a new Financial Services Bill early in 2026.
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The former Aon executive joins the reinsurance intermediary in London.
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The executive worked at Price Forbes in various positions, including aviation director and LatAm CEO.
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The broker has analysed the differences in wildfire risk between Northern and Southern California.
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CRC and Alliant are among those investigating the potential for new vehicles.
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The multi-line program seeks to support investors, developers and operators involved in the AI boom.
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Ryan has consolidated its financial lines underwriting operations under a united brand.
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Barry Gale has spent almost five years at the broker.
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The specialist intermediary will serve nature developers and investors.
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Georgina Meyer joins the broker as executive director of UK property.
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The appointments will grow Augment’s programmes operation.
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Nick Durant helped launched Lockton Re North America in 2019.
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What is the strategic thinking behind The Fidelis Partnership’s unique business model?
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The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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Further rate increases are anticipated through 2026.
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Almost 90% of respondents felt they could be themselves at work.
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The executive spent a year as Ki Syndicate 1618 active underwriter.
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EQT, PAI and Stone Point were involved in early bidding for the asset.
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Smart-follow capacity has ballooned but that doesn’t mean key facilities will keep growing.
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Richard Gurney will take on the newly created head of specialty role.
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The recruit is expected to take on a role at the WTW/Bain Capital start-up after sitting out a year of gardening leave.
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The broker's M&A and PE head Paul Knowles has been named construction chair.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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Gallagher’s $13.45bn deal for AssuredPartners was completed in August.
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Carrier M&A will continue to be a feature, as pressure for returns on AI investment ramps up.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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Reinsurers’ average RoE was 16% as of September 2025.
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The US CEO said the acquisition will be “truly transformative” for its TL clients.
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Atlantic’s founders are to become Howden shareholders.
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The underwriting unit has also rebranded D&O specialist Leopanthera.
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Insurance Insider looks at key drivers of supply-demand dynamics in global specialty markets.
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Thomas Joyce is also joining the London wholesaler, launched last year.
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The president and CEO will also be eligible for up to $50mn in shares.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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The renewal was characterised by abundant capacity and strong competition.
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The market was unphased by January’s record wildfire loss in Los Angeles.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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Defendants can service clients who signed BOR letters as of December 29.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Former Aon employees are barred from using Aon’s confidential information.
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Price has become a key differentiator in marine and energy.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Insurance Insider reflects on the themes that shaped 2025 for the London market.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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The facility has expanded to cover construction and renewable energy risks.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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Lyndsey Bauer joined Paragon in 2007 and has previously held senior positions at Marsh.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The parties now have 60 days to file a stipulation to dismiss the action.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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Several of Henrietta Butcher’s former Tysers colleagues have also moved to Lockton Re.
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From 2026, the facility will also offer longer maximum construction periods.
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Pricing in the D&O market is starting to flatten after several years of steep decreases.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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He will join Gallagher as chief broking officer for EMEA transaction solutions.
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The broking group also increased its euro loan by EUR160mn to EUR1.16bn.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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Mathew Bond will be joining as director of tax.
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Guy Carpenter has sued Willis Re over a mass team lift in London and Bermuda in June.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
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Icen said the hire supports its continued investment in developing a global M&A specialist.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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The Lloyd’s Market Association (LMA), setting out its “core asks” for 2026, has said it is expecting the market to achieve multiple peer-to-peer technology adoptions next year.
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McGill’s Underscore platform will identify eligible risks for Aegis to follow.
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This publication revealed Jeroen van de Grampel and Nicholas Moore’s departures in August.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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Marsh has accused its former execs of flouting a preliminary injunction.
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The executive argued that injunctions following team lifts were “the industry standard”.
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The broker said the A$45-per-share price discussed valued the firm appropriately.
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Court documents provide a window into the ambitious plans.
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Until successors start, the MGA will focus mainly on excess tax opportunities.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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The lawsuit alleges that Marsh misnamed the insured party on the policy.
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Despite 2025 losses, carriers have not secured desired rate increases.
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In this final instalment, we argue that investing in personnel is as critical to success as the tech itself.
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Rob Sage joined Aon in 2022 as an executive director.
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In October, this publication revealed that Nexus ceased writing W&I coverage.
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The association has teamed up with Lloyd’s on a women’s underwriting summit.
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Willis reports that the mining market has softened at a ‘considerable rate’ this year.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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Guy Carpenter continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Loss activity in the upstream market remains benign, adding to softening.
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The facility is led by Beazley’s Smart Tracker.
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Executives also agreed that facilitisation is a structural market change.
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A motion by defendants to dismiss the case was also denied.
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The latest guide is the first in a two-phase programme with a practical guide to follow.
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The executive said the market will be revolutionised by digital technology.
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The newly established wholesaler is building out its staff base.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The sector’s recent achievements have flown below the radar, despite huge value creation.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The broker has started hiring in London, taking Tysers D&O specialist Dan Lovett.
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Specialised service providers like CDK can pose more frequency risk than global operators.
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An insurability crisis could pose systemic risks that undermine the foundations of finance.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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Ed Louth will join Liberty next year after serving out his contractual duties at Willis.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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Marsh is also suing a second tier of former Florida leaders.
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The broker’s hiring to date has focused on the specialty segment.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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The federation, FASE, aims to connect all participants to provide a voice for European MGAs.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The energy broker’s career also includes a stint at Price Forbes.
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Regulators do too little to distinguish between generalists and specialists, he said.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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How do struggling governments across the globe tackle stagnating economic growth?
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The broker will join Ron Borys’ financial lines team.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Under the terms of the offer, shareholders would receive A$45 for each AUB share.
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The Australian broker, which owns Tysers, announced a trading pause.
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The move comes as Michael Creighton is made credit and political-risk director for Africa.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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Plus, the latest people moves and all the top news of the week.
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A canvassing of the cyber market suggests the impact will be negligible.
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Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
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The EUR100mn+ Ebitda firm is courting both PE and trade suitors.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Lloyd’s investment vehicles have been shelved in past years but a strong run of returns is creating interest.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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The financial services growth strategy could be “turbo-charged” by involving brokers, it said.
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Part five in our series looks at how AI can empower brokers to add value as well as speed.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The London-based executive will relocate to Daytona Beach, Florida.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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The broker will report to Howden US CEO Mike Parrish.
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David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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Debbie Hobbs joined Miller in 2021 from EmergIn Risk.
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Though wildfire losses are up, total losses are the lowest since 2015.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The group will join forces with SRG subsidiary Miles Smith.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
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Neil Ross was also appointed CUO for the broker’s MGA.
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The London-based pair will report to commercial risk UK CEO Rob Kemp.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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Willis claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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Joel Hodges will run the international business as managing director.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The aviation market has experienced a run of large losses this year.
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Plus, the latest people moves and all the top news of the week.
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The executive has worked at Aon for almost two decades.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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The facility will initially focus on US, Bermudian and European business.
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She previously served as Hub’s North American casualty practice leader.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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Cyberattack/data breach remains in the top slot.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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Susan Langley will look to strengthen global business ties and promote UK growth.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Howden’s portion of the US retailer’s premium is in particular focus.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The deal will be watched closely by Radian’s handful of similar peers.
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Sean McGovern will step down from the role in December.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
