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Sources said the executive will join AJ Gallagher in a regional leadership position. -
CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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The three lines add up to 80% of the deal.
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The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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A quick roundup of our best journalism for the week.
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It estimated insured losses from nat cats on track to exceed $135bn in 2024.
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The firm’s trajectory could, however, make it harder to meet guidance going forward.
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WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
