Reinsurance
Pool Re: terrorism cover should be standard commercial feature
A gathering of experts at Pool Re’s annual Market Event has called for the reinstatement of terrorism cover as a standard feature of commercial property insurance.
Marsh McLennan to rebrand as Marsh in 2026
Marsh McLennan has announced it will change its brand to Marsh, effective as of January 2026, the name already used by its insurance broking arm.
Ex-MIB boss and QBE and Aviva claims leader Clayden joins reinsurer
Former CEO of the Motor Insurers’ Bureau, Dominic Clayden, has joined Bermuda-domiciled international specialty reinsurance group Compre in the newly created role of interim global claims director.
Ex-Gallagher boss Grahame Chilton joins BPL as non-exec chairman
Former Gallagher UK CEO Grahame Chilton has joined credit and political risk specialist broker BPL as non-executive chairman.
Interview: Allianz Commercial UK managing director Phuong Ly
Allianz Commercial UK managing director Phuong Ly talks to Jonathan Swift about how greater regional underwriting authority, a clearer risk appetite and focus on digitalisation should help the business achieve its ambition of being the easiest insurer to…
Flood Re posts 20% policy growth to new record but profits down
Flood Re has posted a 43% fall in pre-tax profit to £13.5m as rising reinsurance costs more than outweighed lower claims costs in the year ended 31 March 2025.
Alan Boswell crowned Broker of the Year at 2025 BIAs
Alan Boswell Group won Broker of the Year at the 2025 British Insurance Awards last night (9 July).
CRC signs up to buy Atrium
US firm CRC Group has signed up to buy Lloyd’s insurer Atrium, in a deal expected to close in the third quarter of this year.
Miller completes AHJ buy
Miller has completed the acquisition of AHJ Holdings, the ultimate parent company of Alwen Hough Johnson and AHJ Europe.
UK economic losses from natural catastrophes hit $800m in 2024 – Swiss Re
UK economic losses caused by natural catastrophes reaching $800m (£596.6m) in 2024 has shone a spotlight on the urgent need to strengthen resilience against future events, according to Swiss Re.
Lloyd’s CEO hails “outstanding financial performance” in 2024
Lloyd’s has confirmed gross written premium of £55.5bn in its 2024 results, up 6.5% from the year before.
Lloyd’s sets scene for full-year results as COR ticks up to 86.9%
Lloyd’s has unveiled a combined operating ratio of 86.9% for 2024, with gross written premium rising to £55.5bn, in a trading update ahead of its full results later this month.
Pool Re consults on SME terrorism cover
Pool Re has launched a market consultation in an attempt to enhance terrorism cover for SMEs, as it warned only 4% currently have any.
Flood Re names Perry Thomas as CEO
Flood Re has appointed Perry Thomas as CEO succeeding Stuart Logue, who has been leading the organisation on an interim basis since last August.
Miller signs up to buy AHJ
Miller has struck a deal to buy UK headquartered Alwen Hough Johnson, a reinsurance broker that also places business in a number of niche insurance lines.
Flood Re targets Scotland in resilience drive
Flood Re is targeting Scotland, promoting property-level flood resilience and aiming to help communities better prepare for future flooding events.
Lloyd’s CEO Neal to leave for new role at Aon
Lloyd’s has announced that CEO John Neal will be leaving in 2025 to join Aon as its global CEO of reinsurance and global chairman of climate solutions.
Review of the Year 2024: OneAdvent’s Tim Quayle
Tim Quayle, CEO of OneAdvent, raises his eyebrows over the BMS/DR&P deal; would stress the importance of proportionality to the FCA; and believes 2024 will go down as the Era of Stability.
SRG builds out MGA arm MX with fourth buy of 2024
Specialist Risk Group has announced the acquisition of reinsurance firm NW Re.
People Moves: 28 October – 1 November 2024
Follow the latest insurance personnel moves.
Peach rebrand to come into effect at Broker Expo
Peach PI will rebrand as Peach at the UK Broker Expo, Insurance Age can reveal, with new messaging and a company logo to reflect its modern appetite.