North America
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SCS insured losses accounted for 48% of all global losses last year. -
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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The insurer will be a cornerstone investor in the manager’s new PE platform.
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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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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh.
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Sources said they expected FM to keep around $2bn of the maximum line net.
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The broker has analysed the differences in wildfire risk between Northern and Southern California.
