News

Insurance

Gallagher boosts retail focus with dual acquisitions

The deals follow three others made after its $13.6bn AssuredPartners deal.   2 January 2025

Insurance

Insurtech Parsyl raises $20m funding to accelerate growth strategy

Investors include the venture capital arm of Hudson Structured Capital Management.   8 January 2025

Insurance

Markel taps new marine director for key role

Appointee joined the company in 2024 after 13 years at QBE.   8 January 2025

Alternative Risk Transfer

Choosing ILS is a strategic business move

The evolving role of insurance-linked securities (ILS) in reinsurance is now a matter of strategic foresight rather than tactical necessity. Acrisure Re managing director of catastrophe bond solutions believes the ILS market today is better than it was 10 to 15 years ago.   8 January 2025

Reinsurance

Lloyd’s CEO Neal to leave for Aon at ‘critical time’ in re/insurance

Aon has hired the industry veteran to lead its global reinsurance and climate solutions.   8 January 2025

Insurance

LMA lauds Neal’s leadership in tackling longstanding Lloyd’s issues

John Neal has decided to exit Lloyd’s following six years as CEO.   9 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

Insurance

Los Angeles wildfires could cost insurers up to $10bn: JPMorgan

Arch Capital and RenaissanceRe are most exposed reinsurers, says US bank.   9 January 2025

Insurance

AXA XL strengthens Americas cyber unit with Zurich hire

The appointee will lead the large account cyber portfolio and oversee performance metrics.   7 January 2025

Reinsurance

1/1 renewals see US stability, UK rate softening, better targets in EMEA & Asia

April renewals in Japan to test reinsurers’ ability to balance growth with attractive ratings.   3 January 2025

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