News

Reinsurance

Excess capacity drives loss-free property cat rate cuts at 1/1 renewals: Guy Carpenter

Property cat renewals were ‘oversubscribed’, reinsurer appetite outpaced demand.   2 January 2025

Insurance

Amwins supercharges binding authority with US MGA acquisition

The acquisition is expected to boost its offerings for small to mid-market accounts.   3 January 2025

Insurance

Davies shakes up top leadership as new strategy takes shape

Global expansion and organic growth plans target £2.5-3.0bn annual revenue by 2030.   3 January 2025

Insurance

Acquisition sharpens Aon’s UK and Ireland expansion strategy

Aon has finalised its acquisition of a UK-based insurance broker with ‘complementary’ capabilities.   2 January 2025

Reinsurance

Easing retrocession market conditions bolsters reinsurance capacity at 1/1: Aon

Reinsurers show greater flexibility at 1/1 with stable pricing and eased terms.   2 January 2025

Insurance

New MGA Volt swoops for London market energy leader from Travelers

Prior to more than a decade at Travelers, he spent more than 20 years at Aon.   3 January 2025

Reinsurance

Property cat and specialty rates fell at 1/1, US casualty splits reinsurers: Gallagher Re

US casualty saw constrained capacity despite market improvement.   2 January 2025

Reinsurance

Fidelis issues $375m of cat bonds through Herbie Re

The cat bonds will cover US named storm and earthquake losses.   2 January 2025

Reinsurance

Palomar expands into surety insurance market

It sees the surety market as a ‘highly profitable’ sector with strong growth potential.   3 January 2025

Insurance

WTW ‘sharpens’ focus on core business with $632.4m Tranzact sale completion

The divestiture aims to enhance its B2B focus and optimise its portfolio.   3 January 2025

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