LeBlanc and Steve Dresner – Everspan

Ambac targets MGA acquisitions and adds to Everspan carrier platform

2021-12-08T15:38:00+00:00

Rebooted specialty insurance platform Ambac is actively pursuing MGA acquisitions and continuing to build out its Everspan participatory fronting business with the purchase of admitted shells as it executes its underwriting and distribution strategy across three pillars.

IM-RStreet

R Street study: Insurers need “more aggressive strategies” to combat social inflation

2021-12-08T15:29:00+00:00

A new study from R Street has concluded that unchecked social inflation could become a “self-perpetuating phenomenon”, with the think tank urging insurers and defence counsel to deploy more aggressive strategies to push back on tactics violating existing norms of courtroom behaviour.

Labuan Re AM Best

AM Best revises Labuan Re’s outlook to stable from negative

2021-12-08T16:44:00+00:00

AM Best has revised its outlook on the ratings of Labuan Re to stable from negative, reflecting expectations that the Malaysian reinsurer’s rating fundamentals “will remain commensurate with their current assessments over the near to medium term”.

Marcus Golby and Tom Clark – Ardonagh

Ardonagh names Golby COO of Advisory unit

2021-12-08T16:08:00+00:00

Ardonagh Group has bolstered the senior management of Ardonagh Advisory, the private equity-backed consolidator’s SME broking platform, with the hires of Marcus Golby as COO and Tom Clark as chief technology officer.

NFP Distributed Ventures

NFP backs start-up-focused fund Distributed Ventures

2021-12-08T15:16:00+00:00

NFP has become the anchor limited partner of Distributed Ventures, a new seed and Series A fund focused on early-stage firms and entrepreneurial teams.

IM-RStreet

R Street study: Insurers need “more aggressive strategies” to combat social inflation

2021-12-08T15:29:00+00:00

A new study from R Street has concluded that unchecked social inflation could become a “self-perpetuating phenomenon”, with the think tank urging insurers and defence counsel to deploy more aggressive strategies to push back on tactics violating existing norms of courtroom behaviour.

Labuan Re AM Best

AM Best revises Labuan Re’s outlook to stable from negative

2021-12-08T16:44:00+00:00

AM Best has revised its outlook on the ratings of Labuan Re to stable from negative, reflecting expectations that the Malaysian reinsurer’s rating fundamentals “will remain commensurate with their current assessments over the near to medium term”.

Marcus Golby and Tom Clark – Ardonagh

Ardonagh names Golby COO of Advisory unit

2021-12-08T16:08:00+00:00

Ardonagh Group has bolstered the senior management of Ardonagh Advisory, the private equity-backed consolidator’s SME broking platform, with the hires of Marcus Golby as COO and Tom Clark as chief technology officer.

NFP Distributed Ventures

NFP backs start-up-focused fund Distributed Ventures

2021-12-08T15:16:00+00:00

NFP has become the anchor limited partner of Distributed Ventures, a new seed and Series A fund focused on early-stage firms and entrepreneurial teams.


Viewpoint

  • Laird Simon RPC

    RPC: Hard market shifting balance of power on policy wordings

    2021-11-01T08:25:00+00:00

    In an in-depth interview Simon Laird, global head of insurance at RPC, examines current market trends and highlights how the hard market has shifted demand for legal services

  • Allied World

    Rock solid: Allied World in Bermuda

    2021-11-01T08:19:00+00:00

    Allied World launched 20 years ago and has been a core (re)insurance market in Bermuda since. The Insurer talks to Colm Singleton, Henry Felix and Mike McCrimmon about opportunity out of adversity, being a nimble innovator, evolving with the island and long-standing client relationships.

  • COP26 flag

    RMS: What insurers can expect from COP26

    2021-11-01T07:31:00+00:00

    While negotiators, government representatives, and world leaders may dominate the headlines emerging from COP26 over the next two weeks, the insurance industry is likely to play a critical role behind the scenes, writes RMS’ Evan Cropper

More Viewpoint

IM-GallagherRE-JamesKent-PatGallagher

Gallagher Re on road to $1bn+ revenues following Willis Re deal

Arthur J Gallagher chairman, president and CEO Pat Gallagher has said it is realistic to expect its newly combined Gallagher Re platform to become a $1bn-revenue broker in 2024 as its newly acquired Willis Re business moves from “defence to offence”.

US stocks

Markets Review: US P&C benchmark drops 5.7% in November on growing Omicron jitters

November proved to be a volatile month for Wall Street’s leading P&C carriers with the vast majority of NYSE-listed (re)insurance stocks posting notable losses as investors reacted to third-quarter earnings and reassessed risks associated with the new Omicron coronavirus variant.

Covid-19 stocks

Markets Review: European P&C stocks slide in November amid rising Covid fears

European P&C stocks broadly tumbled amid widespread selling during November, as investors kept a wary eye on the newly detected and possibly vaccine-resistant Omicron coronavirus variant.

IM-GallagherRE-JamesKent-PatGallagher

Gallagher Re on road to $1bn+ revenues following Willis Re deal

Arthur J Gallagher chairman, president and CEO Pat Gallagher has said it is realistic to expect its newly combined Gallagher Re platform to become a $1bn-revenue broker in 2024 as its newly acquired Willis Re business moves from “defence to offence”.

US stocks

Markets Review: US P&C benchmark drops 5.7% in November on growing Omicron jitters

November proved to be a volatile month for Wall Street’s leading P&C carriers with the vast majority of NYSE-listed (re)insurance stocks posting notable losses as investors reacted to third-quarter earnings and reassessed risks associated with the new Omicron coronavirus variant.

Covid-19 stocks

Markets Review: European P&C stocks slide in November amid rising Covid fears

European P&C stocks broadly tumbled amid widespread selling during November, as investors kept a wary eye on the newly detected and possibly vaccine-resistant Omicron coronavirus variant.

Big three brokers

It’s not just choice, it’s quality of choice

Last week, Pat Gallagher spoke to this publication in the wake of completing Arthur J Gallagher’s largest ever deal – the $3.25bn+ acquisition of Willis Re.

US Property

Temperature rises for US property cat writers…

News that AIG Private Client Group is to stop offering admitted insurance solutions in California, including homeowners, is the latest data point in a widespread re-engineering of cat-exposed portfolios that is taking place across the sector.

Lloyd's

A holistic approach to capital

A study by Aon and the Lloyd’s Market Association has this week highlighted the varying approaches towards capital management taken among CFOs at managing agents.

Big three brokers

It’s not just choice, it’s quality of choice

Last week, Pat Gallagher spoke to this publication in the wake of completing Arthur J Gallagher’s largest ever deal – the $3.25bn+ acquisition of Willis Re.

US Property

Temperature rises for US property cat writers…

News that AIG Private Client Group is to stop offering admitted insurance solutions in California, including homeowners, is the latest data point in a widespread re-engineering of cat-exposed portfolios that is taking place across the sector.

Lloyd's

A holistic approach to capital

A study by Aon and the Lloyd’s Market Association has this week highlighted the varying approaches towards capital management taken among CFOs at managing agents.