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With the disposal, TIH would amass a robust war chest for a looming MGA consolidation arms race. -
A whitepaper published by the two companies set out measures that could create cyber insurance capacity.
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Mullarkey joins from Allianz Global Corporate & Specialty.
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Former CEO Pete Chandler had stepped down and assumed a vice chair role in January.
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Rate increases on primary liability placements range from 10% to 20%.
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“They want to grow their portfolios,” Guy Carpenter's CEO added.
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A quick roundup of today’s need-to-know news, including BMS Re, commercial lines renewal rates and Enstar.
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The report predicts a 1-in-250-year cyber event could see over $100bn in losses.
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Umbrella was the exception, ticking up slightly on the month.
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The take-private is expected to close by mid-2025.
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“Consoloonan” are set to return to the public markets over a decade after their last conference call.
