Amwins

The former Special Risk Underwriters president will be responsible for overseeing the underwriting performance of Amwins’ $3bn delegated authority business.

Amwins Global Risks (AGR) CEO Matt Crane has left the business to pursue other opportunities after leading the business for around 18 months, Insurance Insider understands.

The wholesaler is not looking for a “point-in-time" valuation.

NTUM is to complement Amwins’ transportation underwriters and help spur regional growth.

The new product will be solely available through Amwins and looks to fill a gap within the market.

The broker announced it is increasing its senior secured term loan by $500mn and is planning to issue $890 million of other unsecured debt.

Michael Donahoe Jr, president of MTDA, will join the leadership team of Amwins Connect.

The recruits include Miller’s head of international casualty, Phil Johnson, and AFL’s head of international property and energy, Mark Ritson.

Competition is intensifying, with increased London market appetite one of the drivers.

Genstar Capital’s Ryan Clark takes a seat on the board of the combined company.

Core Specialty will retain some premium and risk on the underlying business before transferring defined natural catastrophe risks to the ILS manager.

The deal leaves Amwins, RSG and CRC with a market share of more than 80%, and it will be hard for anyone else to break in.