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Last year was the ninth-largest loss year for the country on record. -
The year featured the fewest multi-billion-dollar insured loss events since 2019.
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The organisation is the UK’s oldest continuously active military charity.
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The storm is expected to bring freezing rain and heavy snow across a wide swath of the US.
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Trevor Gallagher has been appointed COO of the unit.
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SCS insured losses accounted for 48% of all global losses last year.
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The proportion of freehold capacity for 2026 is up by 35% to £218mn.
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A roundup of all the news you need, including AM Best’s revised outlook for reinsurers.
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The agency cited falling property rates and US casualty challenges.
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The CEO said Beazley would retain its brand and management and gain $9bn of premium.
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Renfe has mandatory accident insurance with Everest and liability cover with QBE.
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The bank observed that multiples in the last M&A cycle ranged from 1.6x to 2.5x.
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The company said prior bids from Zurich “significantly undervalued” the business.
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The deal would create a $15bn specialty insurer and mark Zurich's entry into Lloyd’s
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A roundup of all the news you need, including Zurich’s bid for Beazley.
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The insurer will be a cornerstone investor in the manager’s new PE platform.
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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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Increased vegetation could spell trouble in the future.
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The executive’s departure comes amid a wave of cyber reshuffling in the industry.
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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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The MGA is looking to drive its commercial strategy across the globe.
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Lloyd's said Jim Bichard's experience included advice on innovative capital structures.
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Plus, the latest people moves and all the top news of the week.
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A roundup of all the news you need, including our scoop on Anthony Cowie’s next role.
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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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A key area of focus for the watchdog this year is delegated authority.
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The trade body called for a new Financial Services Bill early in 2026.
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A roundup of all the news you need, including Nick Frankland’s role at Price Forbes Re.
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The former Aon executive joins the reinsurance intermediary in London.
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Andrew Creed was named group president in addition to CFO last year.
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Sources said they expected FM to keep around $2bn of the maximum line net.
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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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The executive spent almost 30 years at Markel International.
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The carrier has also promoted Jamie Pedro to head of specialty re, Bermuda.
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The Corporation ranked in the bottom quartile in last year’s survey.
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A roundup of all the news you need, our exclusive on Lloyd’s culture survey.
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The biggest riser in this year’s Allianz Risk Barometer was AI.
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Philipp Rüede succeeds François de Varenne, who will become senior advisor to the CEO.
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The multi-line program seeks to support investors, developers and operators involved in the AI boom.
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The capacity backs the reinsurance underwriter to cover international risks outside the US.
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The specialty reinsurance market is experiencing high competition and staff turnover.
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Upon closing, the unit will be renamed First Product Protection.
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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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Syndicate 2047 is set to launch on 1 April, managed by Polo.
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A roundup of all the news you need, including the launch of an AI infrastructure facility.
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The sale will see a transfer of renewal rights and the product recall team.
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The facility is backed by a consortium including Arch, Munich Re Specialty and Scor.
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The LA wildfires resulted in the largest insured loss of the year, at $40bn.
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Preeti Gureja has held senior roles at Chubb and AIG.
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The 25-year industry veteran will report directly to CEO Adrian Daws.
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The specialist intermediary will serve nature developers and investors.
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The property insurer has secured significant additional capacity for its FM Intellium unit.
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Georgina Meyer joins the broker as executive director of UK property.
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The executive will take the position left vacant by Alain Bizet, who moved to lead Chaucer LatAm in Miami last year.
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The MGA platform has launched more than 20 new vehicles since 2021.
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A roundup of all the news you need, including our Augment Risk exclusive.
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November hailstorms and current storms and bushfires racked up claims.
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The appointments will grow Augment’s programmes operation.
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Fresh from a deal with QBE Re, the investment firm discusses drivers of casualty ILS growth.
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The report emphasises the need for clarity around roles and responsibilities.
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Tokio Marine HCC, Chubb, IQUW and BluNiche are also on the tower.
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A roundup of all the news you need, including a new CUO at Helios.
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Plus, the latest people moves and all the top news of the week.
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Nick Durant helped launched Lockton Re North America in 2019.
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Jen Tan was most recently head of portfolio strategy.
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The CEO said the industry’s penetration outside its traditional heartlands remains “woeful”.
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The food corporation has not taken out a product recall policy which would respond to the incident.
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The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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The carrier will offer $10mn per risk, targeting large corporations.
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It is understood the marine reinsurance programme renewed largely flat.
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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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The executive is leaving her role as HDI Global UK and Ireland CEO.
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A roundup of all the news you need, including Stephanie Ogden’s appointment at Munich Re.
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EQT, PAI and Stone Point were involved in early bidding for the asset.
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The event is the second billion-dollar SCS event to hit the country within a month.
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The carrier has appointed Simon Hunt as interim CEO and Ger Twomey as interim CFO.
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Global head Bailey said SME demand has seen a “significant increase” since the Jaguar Land Rover attack.
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Richard Gurney will take on the newly created head of specialty role.
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Talbot’s former hull head Vicky Hayward has joined Rubicon Specialty to launch a hull account.
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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 company will manage Octave-backed syndicates 4242 and 1416.
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The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
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A roundup of all the news you need, including our Marsh construction exclusive.
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The broker's M&A and PE head Paul Knowles has been named construction chair.
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Syndicate 3705 adds to the MGA’s roster of capacity providers.
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Weather events and potential increases in US casualty reserves remain sources of volatility.
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The PVT market saw falling rates and several risk losses during 2025.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The executive replaces Andrew Brooks, who served two consecutive terms.
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The carrier acquired the motor insurer in September last year.
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Gallagher’s $13.45bn deal for AssuredPartners was completed in August.
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The Luxembourg platform is set to begin underwriting in April.
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David Saillen succeeds Pierre-Edouard Fraigneau, who was appointed Europe president in July.
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A roundup of all the news you need, including AIG’s hiring of Eric Andersen.
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The division will be led by ex-TMK special risk head Ed Parker.
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The capacity partnership is led by International General Insurance Company.
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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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Ashleigh Edwards will report to group CUO Mark Pepper.
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This publication exclusively revealed the $1bn deal last November.
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Reinsurers’ average RoE was 16% as of September 2025.
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Silies joined Sompo in 2022 as head of marine and energy.
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The US CEO said the acquisition will be “truly transformative” for its TL clients.
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Canopius relinquished its lead on the placement in the run-up to the 1 January renewal.
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Atlantic’s founders are to become Howden shareholders.
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A roundup of all the news you need, including the Howden/Atlantic deal.
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The underwriting unit has also rebranded D&O specialist Leopanthera.
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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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A roundup of all the news you need, including Gallagher Re's latest renewals report.
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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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The former SPA graduates to a full syndicate under Probitas management.
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A roundup of all the news you need, including Tim Cook retiring from his role as head of construction at Apollo.
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Larke assumed the role of class leader in April as part of a planned succession.
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Defendants can service clients who signed BOR letters as of December 29.
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Patel was recognised for services to charity and Riley for business leadership and inclusion
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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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Verisk entered the agreement to purchase the SaaS platform in July this year.
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Former Aon employees are barred from using Aon’s confidential information.
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A roundup of all the news you need, including those recognised in the King’s New Years Honours list.
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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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The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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