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Munich Re names US casualty head Freiwald new head of Europe, Latin America

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People Moves

Munich Re names US casualty head Freiwald new head of Europe, Latin America

Munich Re has picked Maura Freiwald to be its new head of Europe and Latin America, with the executive being promoted from her most recent role as head of US casualty with effect from 1 January 2025, The Insurer can reveal.

Wed 18 Sep 2024

News

Wholesale

Everest rebrands wholesale business as Evolution under Buonpane

Everest Evolution has been unveiled as the new brand for the carrier’s fast-growing US wholesale business, which was brought together a year ago as a single unit with a dedicated offering to distribution partners.

Wed 18 Sep 2024

Aon: Shared and layered leads softening as US property rates fall by 0.94% in Q2

News

Commercial property

Aon: Shared and layered leads softening as US property rates fall by 0.94% in Q2

US property insurance rate change entered negative territory for the first time in 27 quarters in Q2 2024 while policyholders going forward can expect reductions of up to 10 percent for desirable accounts and occupancies including on some natural catastrophe-exposed programs, according to Aon.

Tue 17 Sep 2024

Abraham named CEO of Amwins Global Risks with Mathis returning to US

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People Moves

Abraham named CEO of Amwins Global Risks with Mathis returning to US

Nick Abraham is set to take over from Nate Mathis at the start of 2025 as CEO of Amwins Global Risks (AGR), the intermediary’s London-based specialty distributor which places more than $3bn in premium, The Insurer can reveal.

Tue 17 Sep 2024

Alliant adds WTW’s Davis as SVP within Alliant Americas division

News

People Moves

Alliant adds WTW’s Davis as SVP within Alliant Americas division

Alliant Insurance Services has brought in WTW executive Scott Davis as senior vice president in its Alliant Americas division.

Tue 17 Sep 2024

Banyan Risk names Markel West’s Smith CUO of excess liability

News

People Moves

Banyan Risk names Markel West’s Smith CUO of excess liability

Bermuda-based Banyan Risk has appointed Markel West executive Mark Smith as chief underwriting officer of its excess casualty subsidiary.

Tue 17 Sep 2024

News

Investment firm BellTower buys into Ascot as Lee named chairman

Ascot Group Limited has appointed former The Carlyle Group CEO Kewsong Lee as chairman of its board of directors, succeeding executive chairman Neill Currie, with Lee’s BellTower also making a minority investment in the Bermuda-based specialty insurer.

Tue 17 Sep 2024

MSIG USA hires Sompo’s Thorogood as head of ceded reinsurance

News

People Moves

MSIG USA hires Sompo’s Thorogood as head of ceded reinsurance

MSIG USA has appointed Mark Thorogood as its new head of reinsurance, with the executive joining from Sompo International.

Tue 17 Sep 2024

News

Cowbell extends offering to US middle market with Chaucer capacity

Cyber insurtech Cowbell is expanding its offering to underwrite US businesses with an annual revenue of up to $1bn with capacity from Chaucer Group.

Tue 17 Sep 2024

Privately-held US brokers Culpeper and Afore merge

News

M&A

Privately-held US brokers Culpeper and Afore merge

Culpeper Insurance Partners has made an investment in Afore Insurance Services and agreed to merge, creating a larger, privately held, national, independent insurance brokerage firm led by Michael Garguilo.

Tue 17 Sep 2024

News

Losses

Moody’s pegs US private market insured losses from Hurricane Francine at <$2bn

US private market insured losses from Hurricane Francine will come in at less than $2bn, according to an estimate from Moody’s RMS Event Response.

Tue 17 Sep 2024

Swiss Re appoints Alves as head of fac P&C in LatAm

News

Facultative

Swiss Re appoints Alves as head of fac P&C in LatAm

Swiss Re has tasked Juliana Alves with leading its facultative P&C business in Latin America, with the appointment going into effect from the beginning of October.

Tue 17 Sep 2024

Doxa’s Promont adds to healthcare capabilities with Pro Liability acquisition

News

M&A

Doxa’s Promont adds to healthcare capabilities with Pro Liability acquisition

Doxa Insurance’s Promont Insurance Advisors has acquired allied healthcare liability underwriting program manager Pro Liability Group in a deal that completed late last month.

Tue 17 Sep 2024

CAC Specialty adds WTW’s Pittman for BD role

News

People Moves

CAC Specialty adds WTW’s Pittman for BD role

CAC Specialty has brought in Sonny Pittman from WTW as executive vice president of business development in a move which bolsters both the expansive broker’s healthcare offering and its Nashville, Tennessee-based operation.

Tue 17 Sep 2024

Hodges, Meurier, Barvick and Isinger join Applied UW as specialty recruitment ramps up

News

People Moves

Hodges, Meurier, Barvick and Isinger join Applied UW as specialty recruitment ramps up

Applied Underwriters has made a raft of hires including Crispin Hodges and Christoph Meurier in Europe along with Bill Barvick and Davis Isinger in the US, and plans to ramp up hiring for growth in select E&S lines in 2025 and to support the build out of its United Risk MGA platform.

Tue 17 Sep 2024

Monarch E&S acquires TX-based Professional Insurance Executives

News

M&A

Monarch E&S acquires TX-based Professional Insurance Executives

Monarch E&S Insurance Services, a division of Specialty Program Group, has acquired Garland, Texas-based binding and brokerage firm Professional Insurance Executives.

Tue 17 Sep 2024