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Alabama Now Requiring Quarterly Reports From Surplus Lines Brokers

Jan 8 2025 // Starting this spring, surplus lines brokers in Alabama must file quarterly reports showing all surplus lines transactions, the state Department of Insurance said this week.The rule is in keeping with state law and took...

Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chairman of Climate Solutions

Jan 8 2025 // Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal’s notice period at Lloyd’s of London...

Core Specialty to Purchase London Aviation Underwriters

Jan 7 2025 // Core Specialty Insurance Holdings Inc. and its subsidiaries have agreed to purchase London Aviation Underwriters Inc. (LAU), in a stock and cash transaction.Financial details of the deal, which is expected to close early...

Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU

Jan 7 2025 // Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year.Velocity Risk, providing...

People Moves: AXIS Taps Chubb’s Farrup to Lead Global Mkts, Succeeding Gregory; Agile’s Lloyd’s Syndicate Hires AXA XL’s Hughes for London Marine Operation

Jan 6 2025 // This edition of International People Moves details appointments at AXIS Capital Holdings and Agile Insurance Group.A summary of these new hires follows here. AXIS Appoints Chubb’s Farrup as Head of Global Markets,...

ConnectUW Holdings Opens for Business at Lloyd’s

Dec 17 2024 // ConnectUW Holdings, the parent company of Connect Underwriting and other specialist reinsurance MGAs, announced it will take ownership of Lloyd’s box number 356 from Dec. 23, 2024.Situated in the company market...

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