News

Insurance

DARAG buys major UK employer liability captive book

DARAG claims ‘a number of other attractive opportunities’ for M&A in advanced stage.   19 April 2024

Alternative Risk Transfer

American Coastal returns to cat bonds after 10-year break, places $200m

The carrier worked via Armor Re, marshalled for issuance of the United Insurance group.   19 April 2024

Insurance

AXIS Capital nabs talent from Argo Pro to lead its E&O offer in the US

The 35-year Pro-Fin vet brings pedigrees from Western World, Travelers, TM HCC, and USI.   19 April 2024

Reinsurance

Reinsurers show enough cat appetite to clear mid-year Florida renewals

Cedant demand is pushing up the tops of towers, matching reinsurer appetite: GuyCarp.   19 April 2024

Insurance

Allianz Commercial puts transformation guru atop digital trading & ALP

The 10-year vet has led distribution, strategy and transformation for Allianz globally.   18 April 2024

Insurance

Allstate Q1 nat cat tally tames to $731m versus prior year slaughter

March rose to $328m, chiefly on a single hail event; no mention of convective storm.   18 April 2024

Insurance

Markel promotes internal talent to head of terrorism in London

The promotion reveals a drive for profitable expansion in Asia, London and the US.   18 April 2024

Insurance

Marsh McLennan grows 9% in re/insurance broking lines, ups margin

Reinsurance broker Guy Carpenter laid claim to $1.1bn in Q1 revenue, up 7% y/y.   18 April 2024

Insurance

Munich Re shakes up P&C underwriting leadership across Asia & Africa

Munich Re claims its Asia & Africa units have grown capacity for a ‘leaner on top’ stance.   18 April 2024

Alternative Risk Transfer

Mexico taps cat bond market, takes $420m for 4Y across 3 key perils

ILS funds and hedgies from the US and Europe led the World Bank/IBRD deal.   18 April 2024

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