January 22, 2025
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The industry vertical is bucking a trend in the cyber market overall, which remains soft. -
The temporary deal would remain in effect through a trial on the merits.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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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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Reserves will join rate softening, margin pressure, as key topics in Q4 discussions.
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It is understood that the MGA will use AI to try to identify claims patterns and litigation outcomes.
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The unit will be part of ICW Specialty, which launched in June 2025.
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Patent and copyright infringement were the top AI-related legal claims.
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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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The multi-line program seeks to support investors, developers and operators involved in the AI boom.
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The decision follows a string of recent moves – including M&A and new entrants – that have changed the TL vertical.
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Upon closing, the unit will be renamed First Product Protection.
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The facility is backed by a consortium including Arch, Munich Re Specialty and Scor.
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The sale will see a transfer of renewal rights and the product recall team.
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The medical care index increased 3.5% over the past 12 months.
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Risk and commission conflicts in quota share agreements push deals further from either party’s interests.
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Preeti Gureja has held senior roles at Chubb and AIG.
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The MGA platform has launched more than 20 new vehicles since 2021.
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The appointments will grow Augment’s programmes operation.
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The lawsuit is the latest in a string of cases against Howden by rival brokers.
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Markel said Paul Melone will oversee Botticelli's responsibilities in the interim.
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