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Renfe has mandatory accident insurance with Everest and liability cover with QBE. -
Lloyd's said Jim Bichard's experience included advice on innovative capital structures.
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Plus, the latest people moves and all the top news of the week.
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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 executive worked at Price Forbes in various positions, including aviation director and LatAm CEO.
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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 capacity backs the reinsurance underwriter to cover international risks outside the US.
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Upon closing, the unit will be renamed First Product Protection.
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The sale will see a transfer of renewal rights and the product recall team.
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The LA wildfires resulted in the largest insured loss of the year, at $40bn.
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Fresh from a deal with QBE Re, the investment firm discusses drivers of casualty ILS growth.
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The report emphasises the need for clarity around roles and responsibilities.
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The food corporation has not taken out a product recall policy which would respond to the incident.
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The carrier will offer $10mn per risk, targeting large corporations.
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The executive spent a year as Ki Syndicate 1618 active underwriter.
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The executive is leaving her role as HDI Global UK and Ireland CEO.
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EQT, PAI and Stone Point were involved in early bidding for the asset.
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The carrier has appointed Simon Hunt as interim CEO and Ger Twomey as interim CFO.
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Global head Bailey said SME demand has seen a “significant increase” since the Jaguar Land Rover attack.
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Richard Gurney will take on the newly created head of specialty role.
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The broker's M&A and PE head Paul Knowles has been named construction chair.
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Weather events and potential increases in US casualty reserves remain sources of volatility.
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The PVT market saw falling rates and several risk losses during 2025.
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The Luxembourg platform is set to begin underwriting in April.
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David Saillen succeeds Pierre-Edouard Fraigneau, who was appointed Europe president in July.
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The capacity partnership is led by International General Insurance Company.
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Reinsurers’ average RoE was 16% as of September 2025.
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Silies joined Sompo in 2022 as head of marine and energy.
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Insurance Insider looks at key drivers of supply-demand dynamics in global specialty markets.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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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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The former SPA graduates to a full syndicate under Probitas management.
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The pricing battle has been played out but the extent of new demand will only show up in 2026.
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Patel was recognised for services to charity and Riley for business leadership and inclusion
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Price has become a key differentiator in marine and energy.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Insurance Insider reflects on the themes that shaped 2025 for the London market.
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Most Covid BI claims are due to lapse in March 2026.
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According to S&P, the carrier’s outlook is “stable”.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The facility provides solvency support via a fresh equity injection under various scenarios.
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The deal follows a minority investment from the insurer in the summer.
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Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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Solutions are being used to fill the gap left by traditional agg markets.
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The guidance will come into force on 1 September 2026.
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PE, more alignment and tech are uncoupling MGAs from traditional market swings.
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The group aims for earnings per share growth of more than 8%.
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The carrier said it will leverage its strong position in the ongoing favourable environment.
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Beazley, Hiscox and Lancashire executives spoke 12k words on average in 2025 earnings calls.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
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The syndicate will be managed by Polo Managing Agency.
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The marine insurer said a volatile claims environment necessitated rate adjustments.
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BNP Paribas will take a EUR1.11bn stake in Ageas.
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The mechanism would work similarly to Flood Re.
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The CEO conceded some might see Swiss Re’s dividend targets for 2026 as “underwhelming”.
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Charlotte Pritchard is set to succeed Andrew Creed, effective 5 January.
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According to the Civil Unrest Index, protest activity has soared over the past two years.
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Plus, the latest people moves and all the top news of the week.
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The reinsurer’s “refreshed” strategy to focus on AI and a new share-buyback programme.
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One critical sticking point for Lloyd’s is the true alignment of interest with the market.
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All-risks premium increases are now understood to be in the 15% to 20% range.
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Next year will mark five consecutive years of insolvency increases.
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Smaller syndicates are lifting their share of the market, as the top quartile also returned to growth.
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Data points to growth in surrogacy and IVF support across the industry.
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Brian Marsh will take up a non-executive position, effective immediately.
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Six of the 10 largest syndicates remained flat or reported de-emptions.
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The reinsurer is offering pricing incentives to members to reintegrate cover.
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Lower rates and currency shifts have pushed syndicates to cut stamp.
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Jaymin Patel joined Berkley Specialty London in 2021 as senior engineering underwriter.
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The carrier is looking to latch onto emerging economic trends where it can add expertise.
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The venture will focus on speciality underwriting and related platforms.
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Better data validation and stronger claims controls are also key for MGAs.
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Most segments have grown premiums so far this year, but only three have observed increased rates.
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The lawsuit alleges that Marsh misnamed the insured party on the policy.
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The London-based MGA will begin underwriting its international book next month.
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The underwriter will fill a newly created role at AIG.
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In this final instalment, we argue that investing in personnel is as critical to success as the tech itself.
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Call for public and private partnership in cyber are not new, but sentiment remains divided.
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Rob Sage joined Aon in 2022 as an executive director.
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In 2024, Aviva agreed to buy Direct Line for £3.7bn, which led its risk-adjusted capital score to fall.
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Aegis, Beazley and others are among those cutting stamps.
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Chris Lay will retire from the business in Q1 2026.
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At our London conference, executives saw various routes to growth, even as headwinds grow.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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Stephenson will start his new role in early 2026.
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The French mutual is one of the first major 1.1 accounts to firm-order.
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Panellists said the sector must communicate its value in language tailored to each client.
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The latest guide is the first in a two-phase programme with a practical guide to follow.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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Plus, the latest people moves and all the top news of the week.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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Panellists said the industry must be deliberate in setting a strategy for the right outcomes.
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The carrier now expects to deliver full-year operating profit of ~£2.2bn.
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P&C GWP grew by 7.1% to EUR26.8bn over the period.
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Liès called for the industry to have a louder voice to promote greater insurance literacy across sectors.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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The carrier attributed the results to a significant fall in major-loss expenditure.
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The sector’s recent achievements have flown below the radar, despite huge value creation.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The transaction is Davies’ largest strategic M&A addition to date.
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Cyber claims more than tripled year on year.
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James Kelly joins from Besso, having held senior positions at JLT, Lockton and Gallagher.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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An insurability crisis could pose systemic risks that undermine the foundations of finance.
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The carrier said nat-cat losses remained “well below” those of prior years.
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Industry-wide initiatives continue to target expanded youth access to the sector.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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The federation, FASE, aims to connect all participants to provide a voice for European MGAs.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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The Spanish (re)insurer reported a group net profit of EUR829mn.
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Prices were 37.4p per £1 of capacity, according to Argenta.
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The broker grew earnings per share by 12.1% during the quarter.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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Jason Keen joined Everest in 2022 as head of international.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The carrier is consolidating its venture capital activity into asset manager MEAG.
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The move comes as Michael Creighton is made credit and political-risk director for Africa.
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Private capital providers are being signed down as two strong years have piqued interest.
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The London MGA is considering various options, including a minority investor.
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The appointments are aimed at offering a clearer team structure.
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The EUR100mn+ Ebitda firm is courting both PE and trade suitors.
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The hire will lead the firm’s UK and Europe operations.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Reinsurers are willing to concede on pricing, while cyber interest is on the rise.
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The financial services growth strategy could be “turbo-charged” by involving brokers, it said.
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Part five in our series looks at how AI can empower brokers to add value as well as speed.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The investor has made four new investments post-H1.
