Accelerant hires HDVI CFO O’Connor as EVPAccelerant has appointed Ian O’Connor as executive vice president, with the new hire joining after two years as CFO of High Definition Vehicle Insurance.
Record storm losses sharpen focus on resilienceRecord-breaking severe convective storm losses this year have reinforced the importance of ensuring more buildings are resilient to the increased threat, according to Munich Re’s Mark Bove.
TVHowden Tiger’s Beard: capital and operational demands will spur fronting carrier M&AThe fronting market is primed for M&A activity, with consolidation among the current 25 or so players in the space needed if they are to meet the balance sheet and operational demands of the fast-growing programs and MGA sectors, according to Howden Tiger’s Matt Beard.
Bowhead Specialty seeking additional capital to support growth beyond $500mnBowhead Specialty is exploring options to add capital to its insurance company subsidiary to support a strong growth trajectory expected to take gross written premium close to $500mn this year, as it also engages with American Family to extend its capacity relationship beyond the end of 2026, Program Manager can reveal.
Novatae adds Whaling and former JaVA teamNovatae Risk Group has hired Keli Whaling and several members of her former JaVA Underwriting team, with the Beazley-led panel of Lloyd’s capacity providers that previously supported their operation also moving over with the business, Program Manager can reveal.
Castlelake and Pine Walk launch aviation-focused Itasca MGAGlobal investment manager Castlelake and Fidelis MGU’s Pine Walk platform have launched aviation-focused managing general agent Itasca MGA.
Risksmith working with IAP to explore strategic optionsExpansive MGU platform Risksmith Insurance Services is working with Tony Ursano’s Insurance Advisory Partners to assess strategic options that could include bringing in new outside investment to support the firm’s next phase of growth, The Insurer can reveal.
AM Best assigns stable credit ratings to Accelerant Insurance UKAM Best has assigned a financial strength rating of A- and a long-term issuer credit rating of “a-” to Accelerant Insurance UK.
Homesite Underwriting Managers CEO Grace Meek to exit after four-year runHomesite Underwriting Managers’ founding president and CEO Grace Meek is set to leave her post after a four-year stint with the programs division of the US insurer, The Insurer can reveal.
AmRisc lines up additional capacity for ’24 as Berkshire ups participationAmRisc is in discussions to add a number of markets to its E&S panel after Berkshire Hathaway upsized its participation to become the US property MGA’s second-largest capacity provider, ahead of what are expected to be continued attractive underwriting conditions in 2024, E&S Insurer can reveal.
Howden’s Dual forms European marine hub led by former MS Amlin duoDual Europe, the specialist European underwriting arm of Howden Group, has launched a new marine hub based in Rotterdam led by former MS Amlin lead underwriter Aram Stoop.
Hive and Allianz Commercial collaborate on aviation war facilityAviation-focused MGA Hive Underwriters and Allianz Commercial have collaborated on an underwriting facility for aviation war risks.
Skyward and eMaxx expand captives partnership to alternative energy warranty productsSkyward Specialty is to provide strategic support and additional capacity for eMaxx’s variable alternative energy warranty products captive solutions.
Trends in the executive benefits spaceThe executive benefits landscape is continually evolving, influenced by various factors including economic shifts, demographic changes and, most recently, the Covid-19 pandemic.
Alliant hires Ramos from USI as SVP in Tribal First teamEric Ramos has joined Alliant Insurance Services from USI as senior vice president with Tribal First, a specialised program focused on the insurance and risk management needs of tribal governments and enterprises.
R&Q shares close up 16% after confirming Accredited sale talks with PE firm OnexR&Q’s share price closed up 16.45 percent on 22 September after the troubled company confirmed it is in discussions with the Canadian private equity firm Onex Corporation over the sale of its hybrid fronting business Accredited.
R&Q shares rise 13% after confirming advanced talks with Onex over Accredited saleR&Q’s share price has risen 13 percent in early trading following confirmation the company is in advanced discussions with Canadian private equity firm Onex Corporation over the sale of its hybrid fronting business Accredited.
Corvus expands capacity partnership with Travelers to US productsCyber MGA Corvus Insurance has expanded its relationship with Travelers to US products, adding to its existing arrangement in the continental European market.
AmTrust unveils new admitted lawyers PL programAmTrust Financial Services’ AmTrust PRO unit has brought a new admitted lawyers professional liability policy targeted at mid-sized law firms to market, with the offering also available on an E&S basis if needed.
NIP’s TreePro raises excess liability limits to $25mn to better support utility arboristsNIP Group’s TreePro Insurance has raised its excess capacity limit offer to $25mn and introduced specialised wildfire liability protection, in response to the emerging risks facing arborists working for utility companies.