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Guy Carp has been rebuilding its marine and energy team after a major Willis Re team lift. -
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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It is understood the marine reinsurance programme renewed largely flat.
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Canopius relinquished its lead on the placement in the run-up to the 1 January renewal.
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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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Price has become a key differentiator in marine and energy.
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The market is conceding some ground on wordings, after a tightening of conditions post-Ukraine.
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The carrier is understood to have had a significant line size on the slip.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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Rohan Davies joined Markel International 17 years ago as an underwriter.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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The broker’s hiring to date has focused on the specialty segment.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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This publication revealed the move earlier this year.
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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 hire follows the departure of David Martin to GIC Re Syndicate.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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The carrier has been exploring launching into P&C organically or via acquisition.
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Several airlines are understood to have come to market early.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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The pair were offered contracts by Willis Re in July.
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CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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Donna Swillman is currently a senior underwriter at Axa XL.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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The transaction is expected to have a price-to-earnings multiple of 11x.
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The medical professional liability firm is targeting further healthcare opportunities.
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The broker said the appointments are designed to drive growth.
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The company launched into the contingency market in the wake of the Covid-19 pandemic.
