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Trevor Gallagher has been appointed COO of the unit. -
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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The agency cited falling property rates and US casualty challenges.
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Renfe has mandatory accident insurance with Everest and liability cover with QBE.
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Following on from Part I, we look at the hazards to navigate in building internationally from Lloyd’s.
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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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Plus, the latest people moves and all the top news of the week.
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Chaucer and Beazley are among the syndicates looking to take on new geographies.
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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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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 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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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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