Insurers
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Trevor Gallagher has been appointed COO of the unit. -
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 insurer will be a cornerstone investor in the manager’s new PE platform.
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The executive’s departure comes amid a wave of cyber reshuffling in the industry.
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Sources said they expected FM to keep around $2bn of the maximum line net.
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The biggest riser in this year’s Allianz Risk Barometer was AI.
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Preeti Gureja has held senior roles at Chubb and AIG.
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The property insurer has secured significant additional capacity for its FM Intellium unit.
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November hailstorms and current storms and bushfires racked up claims.
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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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Jen Tan was most recently head of portfolio strategy.
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The carrier will offer $10mn per risk, targeting large corporations.
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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 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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Smart-follow capacity has ballooned but that doesn’t mean key facilities will keep growing.
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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 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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David Saillen succeeds Pierre-Edouard Fraigneau, who was appointed Europe president in July.
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The former SPA graduates to a full syndicate under Probitas management.
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Most Covid BI claims are due to lapse in March 2026.
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The company said the move was a key part of its risk-diversification strategy.
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Savannah Thompson resigned from TFP, where she had been since 2017.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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The company named two execs to head global wholesale and commercial.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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Ackman targets high-teens ROE at Vantage via underwriting gains and equity investing.
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The deal follows a minority investment from the insurer in the summer.
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Savannah Thompson is set to exit after eight years with the company.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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The newly created role will have responsibility for algorithmic and digital distribution channels.
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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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Nick Hankin replaces Chris Killourhy, who is becoming group CFO.
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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The storm outbreak follows similar events in the area in 2020 and 2023.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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At present, Mosaic Syndicate 1609 is managed by Asta.
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The data available can “help to inform” a carrier’s strategy in the open market.
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The country's competition commission said the takeover would result in less competition.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
