IM-MarshMcLennan-SupremeCourt

MMC reassures staff on out-of-state healthcare travel costs after SCOTUS ruling

2022-06-24T21:28:00+01:00

Marsh McLennan CEO Dan Glaser has told colleagues in the wake of Friday’s Supreme Court ruling overturning Roe v Wade that the firm will extend employee health benefits to include travel costs for out-of-state health care, including reproductive procedures.

Florida hurricane

Demotech to act on FL carriers by end of June as cat reviews continue

2022-06-24T15:52:00+01:00

Demotech is continuing to assess Q1 financials and the catastrophe placements of Florida carriers following the eleventh-hour legislative special session and late-running reinsurance renewal, which saw some cedants make use of the new $2bn Reinsurance to Assist Policyholders (RAP) fund, The Insurer has learned.

Paul Simons and Ben Savill – Convex and Axa XL

Axa XL’s Simons exits to join Convex in Bermuda

2022-06-24T15:52:00+01:00

Axa XL’s CEO for reinsurance in Bermuda Paul Simons has left the company to take a senior role at Convex Insurance’s island operation, The Insurer can reveal.

IM-MunichRE-Port-US

Munich Re Specialty Group NA appoints Rzeszutko SVP, underwriting marine

2022-06-24T21:49:00+01:00

Munich Re Specialty Group (MRSG) North America has promoted Karen Rzeszutko to lead the company’s inland and ocean marine underwriting offering.

Centauri

Centauri reaffirms commitment to Gulf Coast market after “early” reinsurance placement

2022-06-24T15:35:00+01:00

Applied Underwriters-owned Florida-based carrier Centauri placed its 1 June cat cover early enough to avoid reinsurance capacity issues and says it is committed to underwriting in the Gulf Coast market amid increased demand as a number of other insurers face solvency issues.

Florida hurricane

Demotech to act on FL carriers by end of June as cat reviews continue

2022-06-24T15:52:00+01:00

Demotech is continuing to assess Q1 financials and the catastrophe placements of Florida carriers following the eleventh-hour legislative special session and late-running reinsurance renewal, which saw some cedants make use of the new $2bn Reinsurance to Assist Policyholders (RAP) fund, The Insurer has learned.

Paul Simons and Ben Savill – Convex and Axa XL

Axa XL’s Simons exits to join Convex in Bermuda

2022-06-24T15:52:00+01:00

Axa XL’s CEO for reinsurance in Bermuda Paul Simons has left the company to take a senior role at Convex Insurance’s island operation, The Insurer can reveal.

IM-MunichRE-Port-US

Munich Re Specialty Group NA appoints Rzeszutko SVP, underwriting marine

2022-06-24T21:49:00+01:00

Munich Re Specialty Group (MRSG) North America has promoted Karen Rzeszutko to lead the company’s inland and ocean marine underwriting offering.

Centauri

Centauri reaffirms commitment to Gulf Coast market after “early” reinsurance placement

2022-06-24T15:35:00+01:00

Applied Underwriters-owned Florida-based carrier Centauri placed its 1 June cat cover early enough to avoid reinsurance capacity issues and says it is committed to underwriting in the Gulf Coast market amid increased demand as a number of other insurers face solvency issues.


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Lloyd’s insurers for sale – what do they reveal about appetite and the cycle?

A raft of Lloyd’s insurers are either formally for sale or are discreetly testing buyer appetite. The Insurer looks at the various processes taking place and examines what the outcomes might reveal about investor enthusiasm for Lloyd’s market exposure, performance “turnaround” management and where we sit in the cycle…

Kentro – London

Rebadged London MGA Nexus Group now valued at £270mn+

London MGA/intermediary Kentro Global, the recently rebranded Nexus Group, is now worth in excess of £270mn ($328mn), according to venture capitalist firm BP Marsh.

Embedded Insurance

Embedded insurance only in first chapter as concept gradually catches on

The insurtech space is awash with hype over the potential of embedded insurance, which estimates place as reaching $700bn in premium by 2030, but some observers warn that progress has been slow in this concept fulfilling its potential.

Lloyd's building

Lloyd’s insurers for sale – what do they reveal about appetite and the cycle?

A raft of Lloyd’s insurers are either formally for sale or are discreetly testing buyer appetite. The Insurer looks at the various processes taking place and examines what the outcomes might reveal about investor enthusiasm for Lloyd’s market exposure, performance “turnaround” management and where we sit in the cycle…

Kentro – London

Rebadged London MGA Nexus Group now valued at £270mn+

London MGA/intermediary Kentro Global, the recently rebranded Nexus Group, is now worth in excess of £270mn ($328mn), according to venture capitalist firm BP Marsh.

Embedded Insurance

Embedded insurance only in first chapter as concept gradually catches on

The insurtech space is awash with hype over the potential of embedded insurance, which estimates place as reaching $700bn in premium by 2030, but some observers warn that progress has been slow in this concept fulfilling its potential.

Cat and dog

Unleashing the potential of pet insurance

Interest in pet insurance M&A, as well as some recent new entrants, suggest confidence in the growth opportunity of the market while sellers of businesses are looking to capitalise on soaring valuations and in some cases structuring transactions to maintain an interest in the potential upside.

TMPAA

Postcard from TMPAA Mid-Year

Members of the program administrators and MGA ecosystem gathered in Boston, Massachusetts last month for the second in-person conference hosted by the Target Markets Program Administrators Association (TMPAA) since the start of the pandemic.

mind-the-gap-1876790_960_720

Closing the reputation protection gap…

As industry sage Warren Buffett famously warned, it can take 20 years to build a reputation and five minutes to ruin it.

Cat and dog

Unleashing the potential of pet insurance

Interest in pet insurance M&A, as well as some recent new entrants, suggest confidence in the growth opportunity of the market while sellers of businesses are looking to capitalise on soaring valuations and in some cases structuring transactions to maintain an interest in the potential upside.

TMPAA

Postcard from TMPAA Mid-Year

Members of the program administrators and MGA ecosystem gathered in Boston, Massachusetts last month for the second in-person conference hosted by the Target Markets Program Administrators Association (TMPAA) since the start of the pandemic.

mind-the-gap-1876790_960_720

Closing the reputation protection gap…

As industry sage Warren Buffett famously warned, it can take 20 years to build a reputation and five minutes to ruin it.