-
While rates have “definitely come down,” they were coming off a high base, Rachel Turk said. -
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
Mory Katz joined the broker earlier this year.
-
Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
-
Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
-
Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
-
The executive has worked at Aon for almost two decades.
-
The facility will initially focus on US, Bermudian and European business.
-
Marlon Williams will focus on the placement of reinsurance and retro business.
-
The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
-
The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
Nick Fallon is the latest in a string of retro-broker moves in the market.
-
Bohm has held senior roles at BMS, Swiss Re and Aon during his career.
-
The trend for private credit in alternative asset management is “set to continue”.
-
The investment bank had stopped offering ILS services last September.
-
A trend towards higher-risk ILW bonds helped keep yields in double-digits despite softer rates.
-
The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
-
American Integrity grew GWP by 30% to $287mn and Slide GWP was up 25% to $435mn in Q2.
-
The transaction is expected to close later this year.
-
The broker has noted that double-digit reductions are increasingly available in property.
-
Matthew Flynn joins from RenaissanceRe.
-
Cat bond broking growth contributed to 6% organic growth in reinsurance.
-
George Cantlay will also assume the additional position of president of the Bermuda business.
-
The broker has nearly 20 years of experience in the reinsurance and retro markets.
-
Matthew Towsey has spent 14 years at Aon.
-
US events accounted for more than 90% of global insured losses.
-
In the US, the index fell 6.7% year on year.
-
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
-
The measure could have landed insurers with extra tax on US business.
-
A group of Bermuda staff also left the broker.
-
The awards celebration took place at the Hilton Bankside on 25 June.
-
John Kulik will work within Ledger’s broking team, Ledger Investing.
-
The documents figure in a potential criminal case against a CCB employee.
-
The Bermuda-based team is led by John Fletcher.
-
The executive has 15 years of experience in meteorology and cat analytics.
-
David Baldwin joins from EIRS where he was a senior reinsurance consultant.
-
Lyon joins the reinsurance broker from law firm Skadden, Arps, Slate, Meagher & Flom.
-
Up to nine million acres of US land are considered likely to burn.
-
Property cat XoL rates were off by around 10% on average on a blended risk-adjusted basis.
-
SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
-
Two large storms hit the Midwest and Ohio Valley regions on 14-17 May and 18-20 May.
-
As with 2024, pricing pressure has been most acute on top layers.
-
The Altamont-backed broker has been building out its team since launching in 2023.
-
Sources believe the market will grow gradually over years after its initial cluster of dealmaking.
-
The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
-
Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
-
The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
-
Growing economic and population exposures are driving potentially larger insured losses.
-
This year’s ceremony will include the inaugural Women in ILS Award presentation.
-
SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
-
Insured losses were the second highest on record for the first quarter.
-
Sykes has spent over 31 years with Aon, with the last 15 of those in Guernsey.
-
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
-
Markets have taken a battering across the globe following the “Liberation Day” announcement.
-
The cat bond market surpassed $50bn by the end of Q1 2025.
-
The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.
-
The acquisition expands its global employee benefits business to ~4,000 global employees.
-
The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
-
The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
-
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
-
Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
-
The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
-
The executive worked in investment banking before joining the reinsurance industry.
-
There is the potential for cat bond H1 issuance to be a record breaking six months.
-
The executive spent a brief period at Wakam in a capital and reinsurance role.
-
The role will focus on international treaty, specialty lines and strategic advisory.
-
Bolding will focus on aligning Gallagher Securities with Gallagher Re.
-
Derrick Easton has led Willis’s US ART team since joining the company in 2015.
-
Shreeve’s role will encompass the Aon Captive & Insurance Managers’ ILS business.
-
Capital inflows, notably into UCITS funds, and accumulated returns supported issuance of $17.2bn in 2024.
-
The broker also plans to hire from LSN Re and Aon Re, as part of a build-out of its team in the French capital.
-
Graeme Bell (pictured) will continue in his role as group legal officer.
-
Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
-
Severe convective storms accounted for 41% of last year’s insured loss load.
-
Kusche and Rosenberg will co-lead the firm’s global ILS business.
-
The ILS and reinsurance broker was established last October by Raj Jadeja.
-
The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
-
Paul Poschmann joins from Gallagher Re, where he was a divisional director.
-
The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
-
Cat bond investors have earned a cumulative 39.6% over 2023 and 2024.
-
The forecasts anticipate a large volume of maturities and rising sponsor demand.
-
Cat bonds were a key supply-side driver at 1 January 2025.
-
Investment in the space comes mainly from the cat bond market, Gallagher Re said.
-
The broker estimated ILS capital has reached $107bn.
-
The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.
-
The reinsurance veteran joins from Artex Risk Solutions.
-
Magnani has served for more than 14 years in ILS broking roles.
-
WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
-
The facility will also provide a dividend to clients for the first time.
-
Tyler left Gallagher Re earlier this year.
-
A client presentation from the broker put total insured losses at $25bn-$40bn, leaving the Citizens and the National Flood Insurance Programs clear of reinsurance impacts.
-
Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
-
Richard Pennay will become CEO of Aon Securities.
-
The broker replaces Goldman Sachs on the business after the bank ceased offering ILS services.
-
AI’s ability to analyse vast datasets will help in matching risk to capital.
-
Growth was driven by strong returns and new investors entering the market.
-
The July downtime will increase relevance, demand and innovation for the market.
-
The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
-
Sébastien Bamsey joins from JP Morgan, where he has worked for 18 years.
-
Torrential rain caused flash floods in the Gulf States in the middle of April.
-
He will report to Kelly Superczynski, Aon’s global head of capital advisory.
-
The practice aligns existing capabilities from Marsh Specialty and others.
-
The former Ledger director was joined by fellow ex-Ledger employees to “hit the ground running”.
-
Juniper Re Bermuda received preliminary approval from the BMA last month.
-
The RfP covers the CEA and/or the California Wildfire Fund.
-
Driscoll and Lubert have been promoted to presidents.
-
The ILS executive will head up structuring for the Americas.
