Reinsurance
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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 agency cited falling property rates and US casualty challenges.
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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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Guy Carp has been rebuilding its marine and energy team after a major Willis Re team lift.
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The ICA has escalated its ‘significant event’ declaration to ‘insurance catastrophe’.
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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 broker has analysed the differences in wildfire risk between Northern and Southern California.
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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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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 facility is backed by a consortium including Arch, Munich Re Specialty and Scor.
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The LA wildfires resulted in the largest insured loss of the year, at $40bn.
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Georgina Meyer joins the broker as executive director of UK property.
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The executive will take the position left vacant by Alain Bizet, who moved to lead Chaucer LatAm in Miami last year.
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November hailstorms and current storms and bushfires racked up claims.
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Fresh from a deal with QBE Re, the investment firm discusses drivers of casualty ILS growth.
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Nick Durant helped launched Lockton Re North America in 2019.
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Jen Tan was most recently head of portfolio strategy.
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The CEO said the industry’s penetration outside its traditional heartlands remains “woeful”.
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What is the strategic thinking behind The Fidelis Partnership’s unique business model?
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The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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It is understood the marine reinsurance programme renewed largely flat.
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The recruit is expected to take on a role at the WTW/Bain Capital start-up after sitting out a year of gardening leave.
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The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
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Reinsurers are pushing for cat signings and hoping the new pricing floor will hold.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The carrier acquired the motor insurer in September last year.
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Carrier M&A will continue to be a feature, as pressure for returns on AI investment ramps up.
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Ashleigh Edwards will report to group CUO Mark Pepper.
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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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Canopius relinquished its lead on the placement in the run-up to the 1 January renewal.
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Insurance Insider looks at key drivers of supply-demand dynamics in global specialty markets.
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The president and CEO will also be eligible for up to $50mn in shares.
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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 pricing battle has been played out but the extent of new demand will only show up in 2026.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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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.
