The Hartford’s Post

#IBTV: Honan Insurance Group's journey: from agility to alliance with Marsh! Discover the motivations behind the recent merger as Andrew Fluitsma discusses the decision-making process and future prospects. https://hubs.la/Q02dt7ZR0

Turk: Lloyd's is relinquishing "invasive" oversight following results turnaround Watch the full interview here: https://lnkd.in/eFNUqURx The turnaround in Lloyd's results has allowed the Corporation to step back from its role as an "invasive discipline stick", with a greater emphasis now being placed on managing agents and syndicates taking responsibility for their performance, according to chief underwriting officer Rachel Turk Rachel Turk Dawn Miller Lloyd's #ReinsuranceMonth #reinsurance

🎥 Sands Point’s Kearns: MGA to expand into new lines of business before year-end Watch the FULL exclusive interview here👇 https://lnkd.in/gCM9d79T The CEO of Sands Point Risk has said the MGA platform plans to expand beyond transactional liability by the end of the year and that M&A could be a key pillar of its strategy, with private equity backer Avesi Partners ready to invest in the business. Dennis Kearns | Patrick Darragh | Sands Point Risk | James Thaler | Target Markets Program Administrators Association (TMPAA) You will hear more on: ✅ The progress Sands Point is making on its launch and the debut of its TL product ✅ How Sands Point plans to expand beyond TL into other classes of business ✅ Where M&A fits into the firm’s strategy to build a diversified MGA platform ✅ How Sands Point plans to attract talent in traditional carrier underwriting roles #TheInsurerTV #NewsinFocus #insurance #reinsurance #insuranceinterview #reinsuranceinterview #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

🚀 Report from the 273rd AGM of The Society of Lloyd's! 🚀 A couple of months back, I had the opportunity to ask a pressing question about the future of capital from private investors in the insurance market. I was thrilled with the detailed response from Burkhard Keese, CFO. Here's a summary: 👉 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐟𝐫𝐨𝐦 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Lloyd’s aims to increase capital from Names to 20%, but currently, it stands at around 6%. 👉 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬: The past year's successes are not enough to attract new capital; regulations and political barriers also pose significant hurdles. 👉 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Introduction of a modified freehold agreement, aiming to balance the interests of managing agents and investors [I believe this point was a discrete nod to the Hampden Agencies Limited / Fidelis Insurance Group Syndicate 3123 transaction]. Big thanks to Burkhard for shedding light on these crucial issues and for the continued efforts to make Lloyd's a more competitive market for private investors. Let's continue working together to drive innovation and growth in the market! 💼💡 #LloydsAGM #InsuranceMarket #PrivateCapital #Innovation #Growth

Castel is now officially Ryan Specialty Underwriting Managers International, following Ryan Specialty's acquisition of Castel on the 1st of May, 2024. For future updates, please follow Ryan Specialty Underwriting Managers! We will also continue to post on Square Pegs - Underwriting, Transact Risk Partners and Albus, so you are welcome to follow those pages as well. We are thrilled to be moving forward as part of the Ryan Specialty team! #InsuranceNews #InsuranceIndusty #Underwriting

EXCLUSIVE: Luck leads accelerated process to find new Lloyd’s chair as candidates emerge Learn more👇 https://lnkd.in/gh6TCYRc Council member and former Bermudian executive Fiona Luck is currently driving an accelerated process to find Bruce Carnegie-Brown’s successor as chairman of the Lloyd’s market, The Insurer can reveal. #PeopleMoves #LondonMarkert #insurance #reinsurance #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

I have met with 5 different broking firms this week; 4 Hedron Brokers and another that is contemplating joining. I have along list of actions underway. It’s inspiring that each broker has been on the front foot, working hard to service existing clients & successfully winning new ones. But a common thread that I picked up on was the rigid positions still being taken by stubborn underwriters on terms, in ‘take it or leave it’ style. Not so much particular insurers but rather individual underwriters. Conversely, there are some very pro-active underwriters, doing a great job, choosing to work with brokers to build compelling client solutions. Guess who is winning/retaining the business? It’s so important for underwriters to work with brokers, appreciate the unique insight that they have and not to work against them. There is opportunity for all by working together so come on underwriters, let’s engage positively!

🎥 Axis’ Tizzio: Bermuda-Lloyd’s “similarities greater than the differences” Watch the FULL exclusive interview here👇 https://lnkd.in/g7Y2YpVk Axis Capital CEO Vince Tizzio has underscored the group’s steadfast commitment to both Lloyd’s and Bermuda, while discussing how the individual and combined strengths of both markets play into the carrier’s growth strategy. Vincent Tizzio | AXIS (AXIS Capital) | Sophie Roberts You will hear more on: ✅ The benefits of operating in both Bermuda and Lloyd’s ✅ What’s next for Axis following a year of change ✅ Why property cat is still off the menu ✅ Launching a Lloyd’s syndicate #Bermuda #insurance #reinsurance #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

Decade of Growth to Insurance Brokers what an amazing growth to broker business across the top 10, they gained 14% + 8.6% in past 2 consequite years. lets see the growth numbers for 2023. #aon #marsh #willis #gallagher #hubinternational #acrisure Year 2022 Top 10 in ascending order: Marsh, Aon, Gallagher, Hub, Acrisure, Brown&Brown, Truist, Alliant, Lockton Source: BI Survey