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  • ​“IDEX has been an absolute pleasure to work with; specifically Dan Griffiths. They listen to our needs and search for quality candidates whose experience align with our open roles. They are responsive and provide frequent follow ups on open items. Great customer service all around. I would highly recommend using IDEX to any organization who needs assistance with staffing.”

    Dan Griffiths, Business Manager General Insurance
    Dan Griffiths, Business Manager General Insurance
  • ​“I just want to say thanks so much again for your help. I know you were just doing your job, but this is literally a life changing opportunity for me. This has opened doors for me to provide more for my family. From the bottom of my heart, I truly appreciate you and everything you’ve done.”

    Drew Crawford, Business Director Marine/Transportation
    Drew Crawford, Business Director Marine/Transportation
  • ​“As a need arose within Piiq Risk Partners to appoint an Aviation Broker in Chicago, we instructed Drew to help us find a suitable individual who would not just suit the role specification, but would fit into the culture within our business.We found Drew to be highly professional, he knew his market very well, despite being based in the UK. He identified a number of impressive candidates and we have since made an appointment on an individual who ticked all the boxes.”Kevin Wagner, Partner, Piiq Risk Partners

    Drew Crawford, Business Director Marine/Transportation
    Drew Crawford, Business Director Marine/Transportation
  • ​“A few months ago, we recognised the need for a Marine business development manager for the USA, recruiting and retaining producers for our business, and we set Drew the task of finding the right individual.In no time at all, Drew presented us with 7 high quality candidates, all of whom would have done justice to the role.During the process, it became clear that the position was really a 2 person role and Drew quickly adapted to the new circumstances. This did mean that one of the positions would not be quite as attractive to the candidates, but Drew quickly understood what needed to be done and in no time we had interviewed and recruited the people we needed.Drew’s work didn’t stop there, however. With all offers of employment come questions, obstacles and, inevitably with this calibre of candidate, counter offers and alternative persuasions. Drew dealt with all this for us and has now delivered 2 high quality individuals who will be committed to our business.We can’t speak highly enough of Drew.”

    Drew Crawford, Business Director Marine/Transportation
    Drew Crawford, Business Director Marine/Transportation
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LATEST JOBS General Insurance USA

Accounting Manager/Executive - Captive Insurance

Charleston
US$100000 - US$130000 per annum

Lead all aspects of the financial reporting for client accounts and serving as the primary contact for individuals from various departments, such as risk management, corporate controllership, tax, legal, etc. Drive communication & processes for client service teams to ensure quality and timeliness of financial reporting and regulatory filings Mentor and develop accounting team members Coordinate efforts with outside service providers, including Actuaries, Auditors, Investment Managers, Brokers, Claims Adjusters and outside Counsel to proactively meet client needs Communicate and implement business plan changes with State regulators Prepare and present materials during client board meetings As an Account Executive, you will lead client service teams with diverse skillsets and areas of knowledge: financial reporting, compliance and insurance, while being supported and guided by leadership team members. You will have direct contact with client contacts within the corporate controllership, risk management, tax, legal and other departments, as well as Auditors, Actuaries, Investment Managers, etc. your career development. Skills and experience required. Effective communicator, with strong interpersonal and communication skills, both verbally and written Accounting degree, CPA or insurance designation(s) preferred Organized and able to multi-task with ability to effectively prioritize tasks as needed Consistent track record of increasing efficiency and improving methods and approaches Proficiency working with Microsoft Office Suite Demonstrated effectiveness in presentations to clients Detail oriented and ability to understand and drive big picture recommendations Contribute to a collaborative, innovative and forward-thinking office environment Education: Bachelor's degree in or equivalent years of industry experience is essential Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Junior Energy Broker

Dallas
US$70000 - US$90000 per annum

Looking to transition and specialize in the Energy market? If you come from a Property/Casualty background, whether in broking or underwriting, or have general experience and want to focus on Energy, this could be the opportunity for you. This Specialty Wholesale Insurance Broker are looking to appoint an Energy Broker to join their profitable Production team with the focus on placing international business across Midstream, Upstream & Downstream. Collaborating closely with Producers to build relationships with upper-tier middle-market clients. In placing complex Energy risks into the global marketplace, you will be the main point of contact both retail brokers and insurers, offering insights, evaluating submissions, and determining appropriate coverage. If you're seeking a supportive environment that provides opportunities to enhance your technical skills and deepen your industry knowledge, this firm offers a well-established training program to help you get up to speed. Interested in more information? Apply with your resume or reach out to Heather Yardley at IDEX Consulting for more information. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Director (Construction Producer)

United States of America
US$120000 - US$200000 per annum

This Global Broker has been dominating the Construction Insurance space for decades, cementing their position as an industry leader. Their focus is on specializing in large accounts and project business, with around 80% of their work directly involving owners and developers. What truly sets this Broker apart is their commitment to empowering Producers with unrivaled access to global industry expertise, market-leading data, and cutting-edge analytics. This unique combination provides successful Producers with the platform to significantly level up their offering and achieve exponential growth in their book of business. This firm is particularly interested in speaking to Construction Industry specialists with a background in large general contractors or core competencies in traditional infrastructure or non-building construction (such as street, road, highway, byway, water, sewer, and energy). With a commitment to expansion, this powerhouse Construction Division is looking to appoint top-tier Construction Producers across North America. If you're ready to elevate your success, earnings, and market reputation, don't miss this opportunity. Apply today or reach out to Heather Yardley at IDEX Consulting for more information. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Program Underwriter with Equity

United States of America
US$175000 - US$300000 per annum

Are you a results driven, entrepreneurial Underwriter looking for an opportunity to create generational wealth for you and your family? Then what we have will be of interest to you. A high growth, well capitalized MGU with a global footprint are looking for individuals/groups of Underwriter to launch new, niche Programs within their established MGA platform. What you'll get An equity share in the business unit you create, based on your Premium Growth and profitability over a 4-5 year time line. A technology platform and finance to launch at pace, with the right talent and systems around you. The regulatory support and framework around you to allow you to focus on what you're great at - building Programs. What you need? A great program idea, in a niche that will drive profitable underwriting revenue. Strong distribution connectivity to push your great underwriting product to the market. Capacity; our client has great connectivity in this area to help, as long as the program stacks financially and is attractive to carriers. Get in touch to find out more, we can walk you through exactly what the transition from a mainline Carrier to an MGA in launch phase looks like as well as share stories of people we've helped launch similar programs previously. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Senior Marine Underwriter

United States of America
US$100000 - US$180000 per annum + Bonus

Passenger Vessels, Commercial Fishing and Charter Boats, an area of Marine Hull and P&I underwriting you particularly enjoy as no two risks are ever the same! Are you a proud Marine Underwriter looking for a more remote working set up who'd enjoy the 'nimbleness' of working for an established MGA, over a less dynamic corporate Insurer? Oh, and a platform for you to move into leadership over time should this be something you plan to do within your career. This is a senior opportunity working closely with an extremely experienced, likeable and engaging Marine Underwriting Leader. Once joined, you'll have the in-house program capacity at your finger tips, where you'll underwrite and work accounts with your dedicated panel of agents/brokers. Your role will be varied as you'll also have the opportunity to build relationships with this MGA's larger Broker network to be involved in larger, more lucrative, interesting risks which required additional capacity and market options This is where you particularly shine, using your experience and your negotiation skills in order to provide a solution for your agent/client. You'll be joining an MGA who have the size and success to have it's own in-house claims team which you'll work with on particular cases and be an integral part of the team where you'll lead from the front, provide guidance to teammates, identify the most appropriate product for your client, whilst abiding to new business and renewal expectations. You'll bring experience as a Commercial Marine Underwriter and be rewarded with a base salary up to $180,000 plus bonus opportunity and be able to work from home full time. No resume? No problem, simply get in touch and we'll provide some initial information Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Junior Energy Broker

Dallas
US$70000 - US$90000 per annum

Looking to transition and specialize in the Energy market? If you come from a Property/Casualty background, whether in broking or underwriting, or have general experience and want to focus on Energy, this could be the opportunity for you. This Specialty Wholesale Insurance Broker are looking to appoint an Energy Broker to join their profitable Production team with the focus on placing international business across Midstream, Upstream & Downstream. Collaborating closely with Producers to build relationships with upper-tier middle-market clients. In placing complex Energy risks into the global marketplace, you will be the main point of contact both retail brokers and insurers, offering insights, evaluating submissions, and determining appropriate coverage. If you're seeking a supportive environment that provides opportunities to enhance your technical skills and deepen your industry knowledge, this firm offers a well-established training program to help you get up to speed. Interested in more information? Apply with your resume or reach out to Heather Yardley at IDEX Consulting for more information. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Energy Broker

Dallas
US$80000 - US$100000 per annum

. As the Energy Insurance Markets continue to grow from strength to strength, this specialty wholesale insurance broker is looking to appoint an Energy Broker to join them with the focus on placing international business, from day one, across Midstream, Upstream & Downstream. Collaborating closely with Producers to build relationships with upper-tier middle-market clients. In placing complex Energy risks into the global marketplace, you will be the main point of contact both retail brokers and insurers, offering insights, evaluating submissions, and determining appropriate coverage. This is an opportunity to join a forward-thinking team that values collaboration as a key part of their culture and offers tailored pathways for career progression. Whether you're looking to enhance your technical expertise or explore a move into a more production-orientated role, they provide the flexibility for growth to align with your goals and shape your future in the business. Desired Experience: You will have a background in placing Energy/Oil & Gas risks into the US insurance market, with technical experience gained in the industry. Interested in more information? Apply with your resume or reach out to Heather Yardley at IDEX Consulting for more information. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Account Executive - Captives - Various USA

London
£70000 - £100000 per annum

As an Account Manager for a global insurance and captive management business, you will be responsible for financial reporting, compliance, and insurance, while being supported and guided by leadership team members. You will have direct contact with client contacts within the corporate controllership, risk management, tax, legal and other departments, as well as auditors, actuaries, investment managers, etc. Duties will include: Financial reporting for client accounts and serving as the primary contact for individuals from various departments, such as risk management, corporate controllership, tax, legal, etc. Drive communication & processes for client service teams in order to ensure quality and timeliness of financial reporting and regulatory filings Coordinate efforts with outside service providers, including actuaries, auditors, investment managers, brokers, claims adjusters and outside counsel to proactively meet client needs Communicate and implement business plan changes with State regulators Prepare and present materials during client board meetings Skills and experience required. Proven experience within Senior accounting/finance roles, preferably within Captive Management and/or Insurance Accounting degree, CPA or insurance designation(s) is advantageous, but not essential Bachelor's degree in or equivalent years of industry experience Consistent track record of increasing efficiency and improving methods and approaches Proficiency in working with Microsoft Office Suite Demonstrated effectiveness in presentations to clients Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now
Gi Nl Thumbnail   Without Text   New
Gi Nl Thumbnail   Without Text   New Newsletter
General Insurance newsletter Friday 28th February 2025

​Insurance NewsPredictive analytics: how will it impact your role? - Predictive analytics is transforming insurance by enhancing risk assessment and underwriting through big data, improving fraud detection with pattern recognition, and boosting operational efficiency by automating tasks, enabling more personalised services and stronger market competitiveness. Read our insights piece to understand how it will impact insurers and brokers, and how you can stay ahead. (IDEX Consulting news, 'Predictive analytics: how will it impact your role?')How to attract top buyers to your business - To attract top buyers for your business, it's essential to highlight your unique selling points and growth potential, maintain accurate financial records, resolve outstanding issues, and retain key employees. Engaging experienced M&A professionals and leveraging networks can help identify qualified buyers and secure favourable deals. Read our top tips now. (IDEX Consulting news, 'How to attract top buyers to your business')Building hybrid inclusive cultures - Building an inclusive hybrid culture requires businesses to go beyond diversity metrics by embedding inclusive leadership, ensuring equal access to opportunities, addressing remote work challenges, fostering open communication, and actively supporting diverse employees to retain talent and drive engagement. Our article provides practical tips and strategies you can implement now. (IDEX Consulting news, 'Building hybrid inclusive cultures')Driving equity across the insurance profession - Gender parity is still a challenge in the insurance industry, with women underrepresented in leadership roles and facing barriers like pay gaps and limited development opportunities, despite efforts such as the FCA's diversity policy. Here’s how you can change that. (IDEX Consulting news, 'Drive equity across the insurance profession')BIBA has renewed its partnership with Premium Credit to offer members a premium finance facility, providing digital solutions, a broker portal, compliance support, and training to improve services and customer conversions. (Josh Recamara, 28/2/2025, Insurance Business, 'BIBA renews premium finance facility agreement')Lemonade, Inc. reported strong Q4 and 2024 results, with $27 million in adjusted free cash flow (Adj. FCF) for Q4 and $48 million for the year, marking its first full year of positive Adj. FCF. The company also saw 26% growth in in-force premium (IFP) to $944 million, a 29% revenue increase, and a record-low gross loss ratio of 63% for Q4, reflecting its sixth consecutive quarter of improvement in loss ratios. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Lemonade's Q4 gross profit surges as loss ratios continue to improve')Swiss Re reported a 2024 net income of $3.2bn with a 15% ROE, driven by strong underwriting and investments, though U.S. liability reserves weighed on results. It expects under $700m in Q1 2025 wildfire claims, with total insured losses estimated at $40bn. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Swiss Re sets new net income target after solid 2024 results')Saudi EXIM signed reinsurance agreements with Allianz Trade, Bpifrance, and AIG to strengthen trade finance, mitigate export risks, and enhance supply chain resilience. Part of its Bridges Initiative, the deals aim to secure industrial and technological materials from 70+ countries under competitive credit terms. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Saudi EXIM signs reinsurance deals with Allianz, Bpifrance, and AIG')Hamilton Insurance Group reported a 55% rise in net income to $400.4m for 2024, with an 18.3% ROE. Gross premiums grew 24.2% to $2.4bn, net premiums rose 31.6% to $1.7bn, and a 91.3% combined ratio drove $149.4m in underwriting income. Net investment income reached $361.9m. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Hamilton reports double-digit premium growth in 2024')AXA’s 2024 earnings showed an 8% rise in gross written premiums to €110.3bn, driven by growth in property & casualty (+7% to €56.5bn), life & health (+8% to €52bn), and asset management (+8% to €1.7bn). Strong underwriting and pricing lifted property & casualty earnings by 10%, while life & health earnings grew 4% on margin recovery. Asset management earnings rose 11%, though a €156m impact from holdings offset some gains. Underlying earnings increased 7% to €8.1bn. (Kenneth Araullo, 27/2/2025, Insurance Business, 'AXA reports notable growth in 2024 revenue')Hiscox Ltd reported a 2024 pre-tax profit of $685.4m, with written premiums rising to $4.77bn and net written premiums to $3.68bn. The insurance service result grew to $553.5m, while investment income remained steady at $383.9m. EPS increased to 183.2 cents, and the total dividend rose to 43.1 cents. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Hiscox reports profit rise for 2024 as premiums and earnings surge')Aviva plc reported a 20% rise in 2024 pre-tax operating profit to £1.77bn, beating forecasts. UK & Ireland IWR VNB grew to £839m, while general insurance premiums rose to £12.2bn. The undiscounted COR was 96.3%, with the discounted COR improving to 92.2%. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Aviva beats analyst expectations in 2024 results')S-RM’s 2025 Cyber Incidents Insights Report revealed ransomware remained the top cyber threat in 2024, though growth slowed. Ransomware attacks on small businesses rose 53%, while distinct threat actors nearly doubled to 53. Law enforcement efforts and lower entry barriers drove fragmentation, but ransom payments declined, indicating improved resilience. (Josh Recamara, 27/2/2025, Insurance Business, 'Cyber's biggest threat - revealed')Munich Re reported a net profit of €5.67 billion for 2024, exceeding its €5 billion target, marking the fourth consecutive year of exceeding expectations. The company’s revenue from insurance contracts grew to €60.83 billion, and its return on equity increased to 18.2%, up from 15.8% in 2023. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Munich Re reports fourth straight year of profit growth')Fidelis reported a 23% increase in premiums to US$4.4 billion for 2024, with a combined ratio of 99.7% and net income of US$113.3 million. The company returned US$151.7 million to shareholders. In 2023, Fidelis saw a 18.6% rise in premiums and a US$1.6 billion gain from the distribution of Fidelis MGU. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Fidelis achieves 23% premium growth in 2024 despite Q4 Losses')International General Insurance (IGI) reported a 2024 net income of US$135.2 million, up from US$118.2 million in 2023. Gross written premiums rose to US$700.1 million, while net premiums earned increased to US$483.1 million. The combined ratio for the year was 79.9%, up from 76.7% in 2023. Despite global catastrophe losses, IGI saw strong underwriting margins and higher net income. (Kenneth Araullo, 26/2/2025, Insurance Business, 'IGI publishes higher 2024 earnings')Steadfast Group's 1H25 results show a 20% rise in NPAT to AU$128.1 million and 11.5% revenue growth to AU$881 million. Its Australasian broker network generated AU$6.5 billion in GWP, with underwriting agencies increasing GWP by 11.7%. International operations exceeded expectations. (Daniel Wood, 26/2/2025, Insurance Business, 'Steadfast's IH25 results: strong growth')NorthStandard and other major insurers expect higher premium income in 2024 due to a rise in large claims across the global marine insurance sector, with NorthStandard noting increased poolable tonnage and higher claims, while the UK P&I Club forecasts a slight market share increase and a combined ratio exceeding breakeven, despite strong investment returns. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Marine mutuals navigate challenging market conditions')Rokstone has launched Rokstone Commercial Risks, a new direct-to-retail E&S MGA in the US, focusing on casualty-oriented underwriting for harder-to-place risks in a market that exceeded US$95 billion in premiums in 2024, with John Larkins appointed as President to lead the division. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Rokstone expands in US with new E&S MGA for retail brokers')The UK-Australia Insurtech Pathway, launched on Feb. 18, 2025, is a joint initiative by the UK’s Department for Business and Trade (DBT), Insurtech UK, and Insurtech Australia. It aims to support insurtech companies expanding into both markets by helping them navigate regulatory frameworks, establish operations, and connect with investors and stakeholders. A corresponding event in the UK is scheduled for Mar. 20, 2025. (Roxanne Libatique, 25/2/2025, Insurance Business, 'UK and Australia team up to drive insurtech expansion')The CII and University of Greater Manchester launched an Executive MBA in Islamic Insurance and Risk Management, developed with the Islamic Insurance Association of London and the Centre for Islamic Finance. The online course covers Islamic financial products, Islamic insurance operations, and Takaful insurance, preparing students for senior roles in Sharia-compliant or Takaful insurance organisations. (Kenneth Araullo, 25/2/2025, Insurance Business, 'CII and University of Greater Manchester launch Islamic Insurance MBA')West of England P&I Club completed its 2025 renewal, exceeding premium increase expectations. Member retention stayed above 99.5% for the third year in a row, with new members and organic growth driving its mutual tonnage up to 110 million GT. The fixed and charterers books grew, maintaining high retention, while controlled growth from existing members and non-entered fleets contributed to strong technical performance. (Josh Recamara, 25/2/2025, Insurance Business, 'West P&I exceeds board's expectations in 2025 renewal')AUB Group reported strong 1H25 results, with revenue up 12% to AU$712.6 million and NPAT rising 13% to AU$79.3 million. CEO Michael Emmett highlighted progress in building a multi-country Insurance Services Group, with notable growth driven by its investment in Tysers, the Lloyd’s-based wholesale broker. (Daniel Wood, 24/2/2025, Insurance Business, 'AUB Group releases results: “revenue grew strongly”')Australia’s ARPC completed its retrocession program for 2025, offering US$2.15 billion in coverage, alongside net assets and a US$10 billion government guarantee. The program reflects a higher deductible and reduced limit, supporting up to US$14 billion in total capacity for terrorism claims. ARPC engaged with over 40 reinsurers to finalise the coverage. (Kenneth Araullo, 24/2/2025, Insurance Business, 'ARPC completes 2025 retrocession program with adjusted coverage limits')B.P. Marsh & Partners reported strong portfolio activity for the year ending January 31, 2025, including the sale of CBC UK Limited and Lilley Plummer Holdings Limited, generating £65.7 million in cash proceeds from an initial investment of £0.3 million. The firm made three new investments and increased group funds to £74.1 million, up from £40.5 million in 2024. The group remains debt-free and has identified a pipeline for future investments. (Kenneth Araullo, 24/2/2025, Insurance Business, 'B.P. Marsh reports strong portfolio growth & £74.1 million in funds for 2025')Berkshire Hathaway reported a 71% increase in operating earnings for Q4, reaching $14.5 billion. Investment income rose 48% to $4.1 billion, driven by higher interest rates. Insurance underwriting earnings climbed to $3.4 billion, with GEICO's underwriting profit more than doubling to $7.8 billion. Berkshire's reinsurance businesses also saw a 44% increase in underwriting earnings. However, the company estimated $1.3 billion in pretax losses from the recent Los Angeles wildfires. (Josh Recamara, 24/2/2025, Insurance Business, 'Berkshire reports increase in fourth-quarter operating earnings')According to the latest EY Item Club Outlook for Financial Services, UK insurers are projected to see steady, slower growth in premium income over the next three years, returning to long-term average levels of 3.4%. Non-life premiums are forecast to grow by 5.2% in 2025, down from 8.4% in 2024, and slow further in 2026 and 2027. Life insurance premiums are expected to grow by 4.4% in 2025, compared to 5.8% in 2024, with further deceleration in 2026 and 2027. The decline is attributed to easing cost pressures and lower interest rates. (Josh Recamara, 24/2/2025, Insurance Business, 'UK insurers can expect slow but steady growth - report')​Mergers and AcquisitionsFloodFlash has agreed to be acquired by NormanMax Insurance Holdings, pending FCA approval. The insurtech, known for its parametric flood insurance, will continue operating as an MGA and Lloyd’s coverholder, providing solutions in the UK, US, and other markets. FloodFlash, founded in 2017, expanded from the UK to the US, focusing on high-risk flood areas. (Kenneth Araullo, 26/2/2025, Insurance Business, 'FloodFlash joins NormanMax in major parametric deal')MoversIan Micklewright has been appointed Chief Operations Officer to support global growth, bringing senior operational and IT experience from ALPS Group, while Paul Davies has been promoted to Chief Financial Officer and joined the board. (Josh Recamara, 28/2/2025, Insurance Business, 'Insurance moves: Risk Solved and Spectrum.Life')Spectrum.Life has appointed Ian Ranger as Head of Insurance for the UK and Ireland, bringing 17 years of experience from Canada Life and MetLife to lead the company’s expansion strategy, focusing on insurer partnerships and intermediary relationships. (Josh Recamara, 28/2/2025, Insurance Business, 'Insurance moves: Risk Solved and Spectrum.Life')Chubb appointed Ana Robic as Regional President for EMEA, succeeding David Furby, who becomes Executive Chairman. Robic, formerly SVP and Division President of personal risk services in North America, will oversee Chubb’s European business. Melissa Scheffler, currently COO, will succeed Robic in leading personal risk services in North America. (Josh Recamara, 27/2/2025, Insurance Business, 'Insurance moves: Chubb and Malago Insurance')Julieanne Anstey, with nearly 40 years of experience, has joined Malago Insurance, having previously worked at General Accident (now Aviva), Oval (acquired by Gallagher), and more. She will collaborate with Director Mathew Rowles to enhance client service in Bristol and surrounding areas. (Josh Recamara, 27/2/2025, Insurance Business, 'Insurance moves: Chubb and Malago Insurance')SiriusPoint appointed James Anderson as Global Chief Pricing Actuary, effective May 12, 2025. Anderson, with over 20 years of experience, joins from EY where he was a Partner advising London Market insurers. He has also held roles at Allianz, Brit Insurance, and Swiss Re. He will lead SiriusPoint's global actuarial pricing team and work on pricing frameworks and portfolio analytics. (Kenneth Araullo, 26/2/2025, Insurance Business, 'James Anderson joins SiriusPoint as global chief pricing actuary')Beazley appointed Sara Foucher as Head of Commercial Property, Europe. Based in Paris, she will lead Beazley’s commercial property offering across the region. Foucher has 30 years of experience, previously serving as Head of Underwriting GC&C at Generali and holding senior roles at RSA and Swiss Re Corporate Solutions. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Insurance hires: Beazley, M&G')M&G appointed Chris Hudson as Director of Distribution for its life insurance division. Hudson will oversee the UK distribution strategy, focusing on the intermediated market. He joins from Standard Life UK, where he was Managing Director of retail & intermediary, and has held senior roles at LV=, Aviva, Friends Life, and Aegon. His appointment follows the departure of Rob Hickson, who had been with M&G for 32 years. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Insurance hires: Beazley, M&G')ARAG has appointed Peter King as London market Account Manager. With 35 years of experience, including roles at AXA, Aviva, and Allianz, King will work with MGAs, brokers, and agencies to develop tailored legal protection solutions. King’s appointment follows the announcement of David Haynes becoming CEO of ARAG UK Holdings and ARAG Legal Expenses Insurance Company, effective April 1, succeeding Tony Buss, who is retiring. Haynes, a founding member of ARAG UK, has been with the company since 2006 and most recently served as Director of ARAG Legal Expenses Insurance Company. (Josh Recamara, 26/2/2025, Insurance Business, 'ARAG appoints London market account manager')Iris Urban has been appointed Chief Underwriting Officer (CUO) for NewRe's non-life business, effective March 1, 2025. She joins from Munich Re, where she held leadership roles in underwriting and portfolio management for over 20 years, most recently as Senior Executive Underwriting P&C and Head of Property and Casualty Treaty for the German market. (Kenneth Araullo, 25/2/2025, Insurance Business, 'NewRe names Iris Urban as CUO for non-life business')René Kunz, Head of Agriculture at SCOR P&C, will retire after nearly 20 years with the company. Vikas Mahajan, with over 20 years of international reinsurance experience, will succeed him as Head of Agriculture on May 1, 2025. Mahajan, who joined SCOR in 2019, has held various senior roles, most recently in the Nordics team. Kunz will stay until July to ensure a smooth transition. (Kenneth Araullo, 25/2/2025, Insurance Business, 'SCOR P&C names Vikas Mahajan as new head of agriculture')Andy Briggs, CEO of Phoenix Group, has been appointed President of the Association of British Insurers (ABI), with his two-year term starting immediately. He succeeds Tim Bailey of Zurich. Briggs has over 30 years of experience in insurance and has previously held leadership roles at Friends Life, Scottish Widows, Prudential, and Aviva. (Roxanne Libatique, 25/2/2025, Insurance Business, 'Phoenix Group CEO takes helm as ABI president')Brown & Brown has appointed Stephen P. Hearn as Executive Vice President and Chief Operating Officer. Hearn, who joined the board in August 2024, resigned from his board position to become a member of the operating committee. In this role, he will focus on scaling operations, innovation, and talent development. Hearn has extensive experience, including executive roles at The Ardonagh Group and Corant Global, and leadership positions at Willis Group Holdings, Marsh, and Sedgwick Affinity Group. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Brown & Brown names Stephen Hearn as EVP and COO')Markel appointed Dean Johnson as Senior Underwriter, transport and logistics, in London. He will focus on underwriting policies for ports, terminals, marine trades, and cargo liabilities globally. Johnson joins from Travelers Syndicate Management, where he worked for 14 years, most recently as an Underwriter in Ports and Terminals. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Shepherds Friendly appointed Oliver Laird as a Non-Executive Director. Laird has over 20 years of experience in retail, financial services, and manufacturing, with senior roles at Lookers PLC, First Direct Bank, Lloyds Banking Group, and Co-Op Insurance Services. His non-executive roles include Beverley Building Society, Vanquis Bank, and Paysafe. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Brace Underwriting appointed Hayley Johnston as an Independent Non-Executive Director, subject to regulatory approval. Johnston is CEO of Lancashire Insurance Company in Bermuda and was previously Chief Underwriting Officer at Lancashire Insurance UK. She has also held underwriting and reinsurance roles at Axis Specialty Europe. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Specialty MGA UK expanded its energy team with Senior Underwriters Alex Rowe and Savita Patel. Rowe, specialising in upstream and midstream energy, joins from Travelers with 25+ years of experience. Patel, with expertise in downstream energy, mining, power, and renewables, previously headed energy at Ocean Re and was an Underwriter at Swiss Re. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Vista Insurance appointed John Garrard as Head of Schemes and Affinities. He will focus on developing schemes, affinity partnerships, and digital trading strategies. Garrard previously founded Wrapper Insure and was Managing Director at Fish Insurance, bringing expertise in digital transformation, strategic partnerships, and business growth to enhance Vista's approach to schemes and affinity trading. (Josh Recamara, 25/2/2025, Insurance Business, 'Vista Insurance hires John Garrard as head of schemes and affinities')Munich Re appointed Hanh Nguyen as Head of Treaty P&C underwriting for Southeast Asia and India, effective March 1. She succeeds Joachim Zagrosek, who will lead property and casualty treaty underwriting in Germany. Nguyen, with 19 years of experience in reinsurance, has been with Munich Re since 2006, most recently serving as Deputy Head of Treaty P&C Underwriting for SEA and India. (Kenneth Araullo, 24/2/2025, Insurance Business, 'Munich Re names Hanh Nguyen as new head of treaty P&C underwriting for Asia')Price Forbes Re appointed Sherman Power as Executive Vice President, alternative risk and capital solutions. Based in Dallas, Power will expand PF Re’s capacity in evolving insurance markets. With nearly 30 years of experience, he previously led Aon Re’s US structured solutions team. (Kenneth Araullo, 24/2/2025, Insurance Business, 'Price Forbes Re appoints Sherman Power to lead alternative risk strategy')Gallagher appointed Sarah Lyons as CEO of its London-based Specialty division, effective July 1, 2025, subject to regulatory approval. Lyons, currently CEO of Gallagher's Australia and Asia business, will report to Michael Rea and oversee 1,100 employees in the division. She joined Gallagher in 2014 following the OAMPS acquisition. (Kenneth Araullo, 24/2/2025, Insurance Business, 'Gallagher names Sarah Lyons as CEO of London specialty division')All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.

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General Insurance newsletter Friday 14th February 2025

​Insurance NewsHow IDEX enabled an independent broker to scale its growth- IDEX Consulting assisted Hillier Buchan, a family-owned insurance business, in transitioning ownership while preserving its client-focused approach. Owner Phil Buchan, planning for retirement, wanted a buyer that could support the company’s growth without compromising its culture. IDEX identified Commercial Insurance Services Ltd (CISL) as the right partner, ensuring a smooth sale. The transition allowed Hillier Buchan to access new resources and growth opportunities, benefiting both clients and staff, while freeing up Phil for personal pursuits. (IDEX Consulting news, 'How IDEX enabled an independent broker to scale its growth')Tips from our Managing Director, Paul Davey to accelerate your career - Paul shares strategic advice on how professionals can compete in a competitive market and ensure they receive the best possible compensation and benefits package. Advice includes; keeping up to date on innovative AI practices for the insurance sector, showcasing how specific business development expertise can grow market share and knowledge of cyber risk management. (IDEX Consulting news, 'Tips from our Managing Director, Paul Davey to accelerate your career')AI? Opportunity or threat for the insurance profession - AI is reshaping professional services by automating repetitive tasks, providing cleaner data and creating new opportunities. It's driving higher salaries and revenue growth, especially in the financial and insurance sectors. The key to success lies in how companies integrate AI into their operations ethically. Properly harnessed, AI offers significant benefits, including enhanced productivity and market competitiveness, rather than posing a threat to jobs or industries. (IDEX Consulting news, 'AI? Opportunity or threat for the insurance profession')Cyber risk management insights and guidance - The UK insurance market is navigating risks posed by digital transformation, particularly cybersecurity, regulatory compliance, and data privacy. Insurers are facing increased exposure to cyber risks through the adoption of new systems and technology. Key challenges include managing digital disruption and integrating tech solutions while ensuring operational efficiency. Read our insights piece to understand how you can improve resilience through enhanced cybersecurity measures, and implement regulatory adjustments to accommodate emerging risks. (IDEX Consulting news, 'Cyber risk management insights and guidance')Mosaic Insurance launched a combined environmental product, Site Pollution & General Liability (SGL), integrating general, environmental, and professional liability under a single worldwide form with up to $25M in excess capacity, available to retail and wholesale brokers. (Josh Recamara, 14/2/2025, Insurance Business, 'Mosaic Insurance introduces environmental product')Olga Collins, CEO of the Worldwide Broker Network (WBN), identifies talent acquisition and retention as key challenges in the insurance industry, emphasising the need to attract diverse professionals and leverage AI to enhance efficiency while maintaining human insight. (Mia Wallace, 13/2/2025, Insurance Business, 'CEO on the challenges and opportunities facing the insurance industry in 2025')CyberCube’s ‘Cyber Predictions’ recent webinar highlighted a continued soft market for cyber insurance, with Marsh’s Scott Stransky noting single-digit rate decreases and higher limits for buyers. Cyber Consultant Stephen Ridley suggested the market is nearing its pricing floor after 18 months of decline, with expectations of a potential shift ahead. (Mia Wallace, 13/2/2025, Insurance Business, 'What will shape cyber insurance conversations in 2025?')Broker Insights has extended its partnership with Hiscox for three years, continuing their nine-year collaboration to enhance regional broker engagement and mid-market opportunities through advanced data analytics. (Josh Recamara, 13/2/2025, Insurance Business, 'Broker Insights extends partnership with Hiscox')NTT Data’s research reveals a growing AI adoption but warns of a leadership and governance gap threatening investment, security, and trust. Based on insights from 2,300 executives across 34 countries, the report highlights unclear regulations, workforce readiness issues, and concerns over AI security risks. While AI enthusiasm is strong, 72% of organisations lack an AI policy, and 75% fear conflicts with sustainability goals. CEO Abhijit Dubey emphasises the need for leadership-driven AI governance to bridge the responsibility gap. (Josh Recamara, 13/2/2025, Insurance Business, 'AI advancement outstripping governance and workforce readiness - report')MAPFRE reported a record €902 million attributable result for 2024, a 30% rise despite a €90 million goodwill write-down, with premiums growing 4.5% to €28.1 billion. (Kenneth Araullo, 12/2/2025, Insurance Business, 'MAPFRE boosts dividend to record high as profits climb')Gallagher Re expanded its renewable energy practice in 2024, growing its client base in Asia and securing offshore wind placements, while strengthening market engagement through seminars and industry events. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Gallagher Re on the renewables market in 2025')Howden Re’s latest report highlights the financial risks of rising wildfires in California, warning that regulatory constraints on risk-based pricing have led to major insurer withdrawals, leaving homeowners and businesses increasingly vulnerable. It calls for regulatory reforms and risk mitigation investments to stabilise the market. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Wildfire re/insurance costs disrupt California housing market – Howden Re')Yury Braun, former VP at Hannover Re, has launched YOU RE, a full-service reinsurance MGU focused on data-driven underwriting in casualty, non-CAT property, professional liability, and cyber lines. With 14 years at Hannover Re, Braun played a key role in expanding its insurtech and agency portfolio in the US. (Kenneth Araullo, 12/2/2025, Insurance Business, 'YOU RE enters reinsurance market with focus on data and risk optimization')​AIG reported Q4 adjusted net income of $1.30 per share, up 2% and beating estimates. Full-year income rose 12% to $4.95 per share, with nearly $2 billion in underwriting income and a combined ratio below 92% for the third year. Net premiums grew 6%, with commercial division premiums up 7%. (Josh Recamara, 12/2/2025, Insurance Business, 'AIG reports fourth-quarter earnings increase')Intact Financial, RSA’s parent company, reported a 5% increase in Q4 DPW, driven by personal lines. Its combined ratio improved to 86.5%, while net operating income per share rose 23% to $4.93, supported by higher investment and distribution income. (Kenneth Araullo, 12/2/2025, Insurance Business, 'RSA parent Intact reveals Q4 results, continues growth trend')Travelers expects $1.7 billion in losses from the Los Angeles wildfires, affecting personal and commercial insurance. Despite this, Q4 core income rose to $9.15 per share, up from $7.01, due to higher underwriting gains and investment income. (Josh Recamara, 12/2/2025, Insurance Business, 'Travelers expects $1.7 billion in losses due to wildfires as financials surge')Launched during Miami Reinsurance Week, MNK Re’s new energy reinsurance facility offers up to $50M per declaration, addressing a gap in competitive capacity for SMEs in Latin America while also accommodating larger programs. It provides an alternative to traditional reinsurance structures for clients and brokers. (Kenneth Araullo, 13/2/2025, Insurance Business, 'MNK Re unveils energy facility for Latin American SMEs')The MGAA and ABI have signed an MoU to strengthen collaboration in the insurance sector, focusing on retail and commercial insurance, regulatory changes, operational resilience, and technological advancements. The agreement also allows coordination on government and regulatory matters, aiming for a unified approach on key issues. Additionally, the MoU opens opportunities for joint initiatives, such as collaborative learning programs, networking events, and research projects. (Josh Recamara, 12/2/2025, Insurance Business, 'MGAA and ABI announce tie-up')Arch Capital Group reported Q4 2024 net income of $925 million, or $2.42 per share, reflecting a 17.9% annualised return on average common equity, down from $2.3 billion in Q4 2023. The company also recorded pre-tax catastrophic losses of $393 million, mainly driven by Hurricanes Milton and Helene, and anticipates significant losses from the California wildfires to begin 2025. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Arch Capital prepares for wildfire impact after Q4 earnings drop')The cyber insurance market is projected to reach $16.6 billion in 2024, with North America accounting for $10.5 billion, Europe $3.9 billion, APAC $1.7 billion, and ROW $0.5 billion, according to Guy Carpenter. The report highlights regional growth, emerging segments, and evolving cyber risks, noting a stabilisation of rates after significant increases in 2021 and 2022, continuing into 2024. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Cyber insurance market expands as global risk dynamics shift – Guy Carpenter')Amwins Global Risks (AGR) has restructured its underwriting operations under Simon Jackson, creating three entities: Unicorn Underwriting (fleet and commercial risk), Contour Underwriting (marine cargo and expanding products), and Amwins Amplify (exclusive products for AGR brokers). Unicorn's Worldwide Property segment will be rebranded under Contour. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Amwins Global Risks unveils new underwriting structure')The International Union of Marine Insurance (IUMI) reiterated its support for free trade, warning that protectionist measures, such as trade tariffs, could disrupt supply chains and increase risk for marine underwriters. IUMI Secretary General Lars Lange emphasised that more trade leads to more vessels and cargo to insure, and protectionist policies could strain supply chains and raise exposure for marine insurers. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'International Union of Marine Insurance addresses trade tariffs')The MGAA has unveiled its 2025 strategy, focusing on networking and education, high-level advocacy, and data-driven insights. The updated mission includes enhancing industry engagement, expanding influence on regulatory issues, and becoming a leading source of market intelligence. A key initiative is the MGAA Next Gen Committee, dedicated to talent development through training, networking, and involvement in MGAA initiatives. The association also introduced a refreshed brand identity and website. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'MGAA outlines strategic vision for 2025')The Global Insurance Law Connect (GILC) D&O Global Trends 2025 report highlights increased regulatory scrutiny, litigation risks, and market shifts. Key factors influencing underwriting include legislation, ESG, and macroeconomic uncertainty. Claims against directors are rising, and demand for D&O insurance is growing globally, with cyber risk also impacting market sentiment. (Rod Bolivar, 11/2/2025, Insurance Business, 'D&O insurance demand grows amid rise in upheld claims')Howden Insurance Brokers launched a UK quote-and-bind platform for renewable energy projects, offering up to £100 million per declaration capacity. Exclusive to its retail network and Lloyd’s-accredited, the platform streamlines insurance for construction and operations, providing flexible, competitive market options for clients. (Rod Bolivar, 11/2/2025, Insurance Business, 'Howden's new platform targets renewable energy risks')IQUW recently entered a partnership with mea, an AI-driven processing platform for re/insurers, which aims to enhance IQUW’s underwriting productivity by incorporating mea’s AI technology to streamline and automate underwriting processes across its operations. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Andrew Tongue joins IQUW to lead credit and political risk team')CNA Financial reported a significant drop in net income for Q4 2024, with $21 million ($0.07 per share), down from $367 million ($1.35 per share) in Q4 2023, due to a $290 million after-tax loss from a pension settlement and $31 million in net investment losses. (Kenneth Araullo, 10/2/2025, Insurance Business, 'CNA Financial posts US$21 million Q4 net income as pension costs weigh on results')Rokstone launched a combined D&O and PI facility for financial institutions in the UK, Europe, and the Caribbean, backed by a US$10 million Lloyd’s binder. The offering targets private equity firms, hedge funds, investment managers, and credit and savings institutions. Rokstone underwrites over US$1.1 billion in premium across various specialty lines. (Kenneth Araullo, 10/2/2025, Insurance Business, 'Rokstone appoints Rob Winsley as capacity manager and broker relations director')AXIS reported a significant increase in net income, rising to US$1.1 billion for the year ended Dec. 31, up from US$346 million in 2023. Operating income also surged to US$952 million, compared to US$486 million the previous year. (Kenneth Araullo, 10/2/2025, Insurance Business, 'AXIS names Emilia Siravo head of ceded reinsurance for North America')Charles Taylor Adjusting has expanded in Europe by partnering with Netherlands-based Accurex B.V. to enhance claims management services, particularly for large and complex losses, leveraging each firm’s expertise in sectors such as property, liability, cyber risks, and catastrophe response. (Rod Bolivar, 10/2/2025, Insurance Business, 'Accurex joins global network of Charles Taylor')​Mergers and Acquisitions​Legal & General (L&G) has agreed to sell its US insurance business to Meiji Yasuda Life Insurance for $2.3 billion, including its US protection and pension risk transfer (PRT) operations. The deal, expected to close by 2025, will allocate proceeds toward share repurchases and reinsurance, while L&G maintains an 80% interest in its US PRT business. The transaction strengthens L&G’s strategic focus and drove an 11.4% share price increase. (Roxanne Libatique, 7/2/2025, Insurance Business, 'Legal & General to sell US arm')MoversiFarm Underwriting expanded its agricultural team with Gary Lennie, formerly of Hiscox, Aviva, and Towergate, as Underwriter, and Shane Mustill, previously at Geo Agriculture, as Head of Distribution, strengthening its expertise to support brokers and clients. (Josh Recamara, 14/2/2025, Insurance Business, 'iFarm Underwriting expands specialist agricultural underwriting team')BMS has appointed Genna Biddell as Managing Director and Head of London P&C Re, reporting to Brad Melvin. She will oversee the London P&C reinsurance business, coordinate with global teams, and drive strategic growth projects. Previously, she was MD of North America wholesale property treaty at Howden Re and has 25 years of experience with roles at Willis Re and Aon Re. (Kenneth Araullo, 13/2/2025, Insurance Business, 'BMS introduces Genna Biddell as head of London P&C Re')Avid Insurance has appointed Kristian Bartlett as Head of Sales and Distribution, tasked with expanding its distribution network and growing its construction business, IIGL. Bartlett joins from Arch, where he was Broker Relationship Development Manager, and has held senior sales roles at Commercial Express, Markerstudy, and Express Insurance. (Kenneth Araullo, 13/2/2025, Insurance Business, 'Kristian Bartlett joins Avid Insurance in newly created sales role')ASR has appointed Sylvain Coutu as Head of Innovation and Sustainability, overseeing parametric insurance underwriting, business development, and portfolio management. With over a decade of experience, he previously led agricultural insurance at AXA Climate and held senior roles at Swiss Re. (Kenneth Araullo, 13/2/2025, Insurance Business, 'ASR names Sylvain Coutu head of innovation & sustainability')​Lockton Re has appointed Mark van der Does as a Senior Broker on its mortgage and structured credit team. With 12 years of experience in credit insurance, he previously spent a decade at Marsh as VP in credit specialties and held roles at Starr Companies and JLT. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Lockton Re appoints Mark van der Does as senior broker in credit team')Marsh has appointed Nigel Hinshelwood as Chair of Marsh Limited UK, effective March 31, 2025, pending regulatory approval. A former HSBC Executive and ex-EY Partner, he has held non-executive roles at Lloyd’s, AXA XL, and Nordea. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')Previsico has promoted Colin Ross to COO, where he will oversee technical operations, manage project frameworks, and lead the delivery of IoT flood warning systems in the UK and US. Ross, with over four years at Previsico and prior experience at Barratt Developments, will focus on system monitoring, operational efficiency, and international growth. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')H&H Insurance Brokers has promoted Victoria Twentyman to Claims Team Leader after completing her apprenticeship. At 19, she will lead the in-house claims department, working alongside Stuart Torrance, who moved to Quality Assurance Manager, and supported by Operations Director Kally Shane. Twentyman joined HHIB in 2022 and earned her professional insurance qualifications in January 2025. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')The London Market Group has appointed David Kirk, Division President of Chubb Global Markets, to its board as a representative of the IUA, replacing David Furby. Kirk, with nearly 20 years of industry experience, took on his current role in 2024 and has previously served as Deputy Chief Underwriting Officer and Head of Marine at Chubb. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')Allianz Trade has expanded its e-commerce team in Northern Europe, appointing five new hires to support its pay portfolio growth. The new members, including Kelly Feeley, Blair Pusey, Johan Bergström, Alexander van Dijk, and Richie Pamma, will focus on the UK & Ireland, Nordics, and Benelux regions, under Eugene Plug's leadership. Feeley brings experience in fintech and payment solutions, Pusey has 14 years in credit insurance and commercial banking, Bergström has a background in customer engagement and strategic sales, van Dijk specialises in KYB solutions with 18 years in financial services, and Pamma transitions to E-Commerce Customer Success Manager after five years with Allianz Trade. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Allianz Trade adds key hires to expand its e-commerce payment portfolio')MAPFRE Re is restructuring to align with strategic goals, including expanding its life business and refining its approach. Effective March 1, Javier San Basilio becomes General Manager, overseeing regional divisions and large client development. The non-group business will split into non-life underwriting, led by Carmen Bueso, and life business, led by Maite González. Ricardo Pérez will manage the Iberia/Latam region and join the management committee. (Kenneth Araullo, 11/2/2025, Insurance Business, 'MAPFRE Re unveils new structure, names key executives')MS Amlin is launching a credit and political risk insurance offering in Dubai as part of its MENA expansion. Osama Elshiekh has been appointed Senior Underwriter for the new initiative, reporting to Vipul Gupta. Elshiekh brings nearly 15 years of experience, including senior underwriting roles at The Hartford and the Islamic Corporation for the Insurance of Investment and Export Credit. (Kenneth Araullo, 11/2/2025, Insurance Business, 'MS Amlin expands in MENA with credit and political risk offering')Carbon Underwriting Limited has appointed Paddy Byrne as Chairman and Michael Watson as Non-Executive Director, following Rupert Atkin's departure. Byrne brings experience from SRG Group, 6point6 Ltd, and Xchanging Ltd, while Watson, Founder of Canopius and former Lloyd’s Council member, adds extensive leadership and industry connections. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'Carbon and Alta Signa announce key appointments')Alta Signa has appointed Audrey Louche to strengthen its cyber underwriting division. Based in France, Louche brings extensive experience in underwriting cyber risks, having previously worked at Cogitanda, Assurup, and Chubb, with a focus on regulatory challenges for SMEs and large-cap companies. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'Carbon and Alta Signa announce key appointments')IQUW has appointed Andrew Tongue as Lead Underwriter for its credit and political risk team. With nearly 15 years of experience, Tongue previously held senior roles at Canopius, Swiss Re, AXA Africa Specialty Risks, and CNA Hardy, specialising in political risks and trade credit. Additionally, IQUW strengthened its portfolio solutions division with the appointments of Elisabeth Groehe and George Connell to support distribution to brokers, MGAs, and broker facilities globally. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Andrew Tongue joins IQUW to lead credit and political risk team')Rokstone appointed Rob Winsley as Capacity Manager and Broker Relationship Director. Winsley, who previously spent 10 years at Howden, will leverage his experience in developing strategic partnerships and managing large Lloyd’s and London Market portfolios. (Kenneth Araullo, 10/2/2025, Insurance Business, 'Rokstone appoints Rob Winsley as capacity manager and broker relations director')AXIS Capital has appointed Emilia Siravo as Head of Ceded Reinsurance – North America, where she will lead the company's North America Ceded Re strategy. Based in New York, Siravo previously spent over six years at Swiss Re in various roles, including Head of IGR Process and Management. AXIS has also strengthened its casualty practice with the promotion of Steve Cucciniello to Head of its primary casualty division. Cucciniello, with over 30 years of industry experience, joined AXIS in 2014. (Kenneth Araullo, 10/2/2025, Insurance Business, 'AXIS names Emilia Siravo head of ceded reinsurance for North America')​All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.

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US insurance market outlook: resilience and innovation

The insurance market in the United States prides itself on being one of the largest in the world with significantly high premium volumes and business revenue. According to Statista “insurance premiums written in the US exceed one trillion...dollars annually” (Statista: Insurance industry in the U.S.)Although faced with multiple challenges over recent years, particularly around cyber security, climate change, AI and regulatory changes, the industry has shown remarkable resilience. Projections show that the “US general insurance industry is set to grow at a compound annual growth (CAGR) of 8.5% from $2.18 trillion in 2023 to $3.03 trillion in 2027” (Global data: US general insurance industry to surpass $3 trillion by 2027). Additionally, despite inflationary pressures, consumer confidence remains high, thanks to a strong market and steady wage growth. The outlook for 2025 is positive with steady growth, recovery in many key specialisms and strong consumer demand. Job growth Insurance job growth across the US remains strong with employment surpassing three million according to data by the Bureau of Labor Statistics. Since August 2023 the industry has added 40,600 jobs, driven primarily by the construction and health care sectors. (Insurance Business: US insurance employment surpasses 3 million)For employers, this resilience offers a positive outlook for business growth and hiring, but it also means increased competition for top talent. Industries such as technology, healthcare, and finance continue to be strong performers, while sectors like renewable energy, logistics, and e-commerce have seen accelerated growth.  Technological innovation The insurance industry stands on the edge of a major technological evolution. Increased complexity around new regulations and products will push insurers to embrace advanced software and AI data tools to meet consumer demand and stay competitive. This will be particularly prevalent in underwriting which will require more sophisticated and data driven solutions to enable faster, more accurate risk assessments. Tools which will enable insurers to analyze information and data in real time from disparate sources, during the underwriting process will be key. Insurers will also need to evidence compliance with various digital focused regulations such as the Digital Operational Resilience Act (DORA) and other potential changes aligned to the US presidential administration. Businesses will need to update systems, and adopt specific automation to ensure compliance with the latest regulatory changes that are applicable to their processes and operations. To stay up to date with new ways of working, enhanced data modelling and to ensure technology compliance upskilling whether through certifications, specialist training or online courses will be a non-negotiable for professionals throughout 2025. For employers recruiting talent with the right expertise in AI, data science and machine learning will be essential to business operations. Natural disasters will continue to redefine coverage The growing impact of climate change and severe weather conditions will continue to shape the insurance landscape throughout 2025. According to research insured losses from natural disasters in 2024 accounted for more than $100 billion globally, despite no single event causing catastrophic damages (TheBrokers: 2025 Insurance outlook).These types of weather conditions have seen insurers implement stricter underwriting and AI based catastrophe modeling to refine and improve risk assessments. Businesses are increasingly taking into consideration smaller risks such as wildfires, convective storms and icy conditions to predict risks which poses a challenge for consumers as frequency of these types of events often increases premiums. A focus for 2025 will be how insurers offer tailored solutions to consumers in regions vulnerable to natural disasters which are often subject to unlicensed surplus lines insurers who offer coverage for risks that admitted carriers may reject. Mergers and Acquisitions gain momentum According to TheBrokers data “analysts predict 550-600 deals this year, a slight increase from 2024” (TheBrokers: 2025 Insurance outlook). Corporate M&A deals and PE activity look particularly strong with a large proportion of CEOs cited as willing to consider a merge or acquisition. According to Boston Consulting Group’s M&A sentiment survey highlights an increase in positive M&A sentiment from 81 in August 2024 to 91 in January 2025 (BCG: M&A outlook 2025). Technology focused transactions are likely to be more appealing throughout 2025 as brokers pay more attention to emerging technologies and digital solutions. The U.S. insurance industry’s ongoing resilience, coupled with strong job growth, technological advancements, and improving supply chains, provides a solid foundation for continued industry expansion throughout 2025. For insurers, success will depend on attracting and retaining top talent, fostering innovation, and adapting to new market conditions. For professionals, staying adaptable, upskilling in emerging technologies, and aligning skills with growth sectors will be key to navigating the evolving insurance market.  If you would like support with your hiring strategy or are looking for a new career opportunity, contact one of our insurance recruitment specialists who will be happy to help. Sources:BCG: M&A outlook 2025Deloitte: Insurance industry perspectiveDeloitte Insights: 2025 global insurance outlookGlobal data: US general insurance industry to surpass $3 trillion by 2027IMF Blog: How Pandemic Accelerated Digital Transformation in Advanced EconomiesInsurance Business: US insurance employment surpasses 3 millionMedium: U.S. Property & Casualty Insurers Will See Some Relief in 2024 | by Oleg Parashchak | ForinsurerPwC: Attracting talent in an insurance industry talent crisisTexas Insurance Training Academy: The Power of Knowledge: Why Insurance Training MattersTheBrokers: 2025 Insurance outlookStatista: Insurance industry in the U.S.U.S. Bureau of Labor Statistics: Unemployment rate returned to its prepandemic level in 2022: Monthly Labor Review

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  • Paul Davey

    Managing Director - General Insurance

    Mobile: +44 737 541 9345 | E-mail: paul.davey@idexconsulting.com​Paul leads our General Insurance talent practice globally; working with a range of brokers, MGA’s, insurers and...

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  • Dan Griffiths

    Business Director

    ​​UKMobile: (+44) 7407 608 892 | US Mobile: +1 (212) 524 2868 | E-mail: daniel.griffiths@idexconsulting.com​Dan has four years of experience across different markets, starting f...

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  • Drew Crawford

    Business Director - Marine/Transportation

    UK ​Mobile: (+44) 7931 808 349 | US Mobile: +1 (212) 524 2867 | E-mail: drew.crawford@idexconsulting.com​Drew joined IDEX in 2012 as an Apprentice and has progressed to be one ...

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  • Paul Davey
  • Dan Griffiths
  • Drew Crawford