News

Insurance

Howden kicks off ‘new chapter’: £1bn for M&A and to target top talent

Howden secures £875m in debt and equity; appoints Aston Lark’s Blanc to lead M&A.   24 April 2023

Insurance

Property hard market just starting; casualty thorny: Berkley

Property in ‘early stages of meaningful firming’ after ‘disappointing’ momentum into Q1.   21 April 2023

Insurance

Gallagher hits ‘major milestone’ in Asia with move into Japan

The business will be led by two experienced leaders joining the firm from Marsh.   20 April 2023

Insurance

Q1 cat losses firmly over 3x prior year: Allstate suffers $1.7bn

Three quarters of the hit came in March alone dominated by three major wind events.   20 April 2023

Insurance

Marsh McLennan leverages Marsh & Guy Carp for Q1 revenue & margin gains

EBIT margins rose 1.5 pps as major gain insurance services offset weakened consulting.   20 April 2023

Insurance

Munich Re Specialty Insurance picks ex-Zurich veteran as CEO

The industry veteran spent 25 years at Zurich after serving Marsh and AIG.   20 April 2023

Insurance

New cyber MGA Intangic snags senior Marsh exec to drive growth

She was chief client officer at Marsh and held leadership roles at JLT, Gallagher.   20 April 2023

Insurance

Gallagher Re ups the bidding: Q1 nat cats will cost insurers $22bn

Gallagher total runs 38% above 10Y average, well ahead of rival estimate from Aon.   20 April 2023

Insurance

Another Big 4 reinsurer leaves Net-Zero alliance; sparks fears of further exits

Analysts warn Hannover Re won’t be the last as confidence wanes in the alliance.   20 April 2023

Insurance

Nat cats go 3 for 3 in Q1 earnings season, hit Travelers with $535m bill

Nat cat costs rose 3.3x the prior year hit, including 4.1x increase in personal lines.   19 April 2023

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