Gallagher’s Weyman: Direct aviation remains buyer’s market amid surplus capacitySurplus capacity remains in the direct aviation market despite the backdrop of high-profile losses suffered by (re)insurers in recent years, according to Gallagher Aerospace global executive Nigel Weyman.
In recent years both insurers’ and reinsurers’ return on equity have dipped, while the top five reinsurance intermediaries have performed strongly. This is not sustainable.Andrew Matson, CEO of Augment Risk, speaking after its hire of Alan Quilter
Undercurrents: Still “gas in the tank” for fronting carriers to increase MGA participation TVIn the latest article in The Insurer’s Undercurrents series, author William Pitt delves into the rapid expansion of the MGA sector, saying there’s still “gas in the tank” for fronting carriers to allocate more capacity to the sector.
TV News in FocusFacultativeHowden Tiger’s Richardson: RFP season almost 365 days a year“Waves and waves” of requests for proposal have been coming in, according to Howden Tiger’s vice chairman Elliot Richardson, who told The Insurer TV they have now become “almost a 365-day-a-year” feature of the market as cedants look to “sense check” current arrangements.Tue 31 Oct 2023
TV News in FocusProgramColis: Record TM attendance highlights robust health of delegated authority spaceAnother record Annual Summit attendance is a reflection of the “incredible growth” of the specialty insurance space and specifically the delegated authority distribution model, with the segment in robust health and no sign of that changing, according to Target Markets president John Colis.Mon 16 Oct 2023
TV News in FocusM&AHowden Tiger’s Beard: capital and operational demands will spur fronting carrier M&AThe fronting market is primed for M&A activity, with consolidation among the current 25 or so players in the space needed if they are to meet the balance sheet and operational demands of the fast-growing programs and MGA sectors, according to Howden Tiger’s Matt Beard.Mon 16 Oct 2023
TV ReinsuranceMonthEventsAon’s Moore: MGAs will continue to succeed in niche areasThe MGA market is a “great opportunity for talented underwriters to take some of the reward,” match great talent with capital, and grow niche and successful businesses, Rupert Moore, UK CEO of Aon Reinsurance Solutions, told The Insurer TV.Tue 26 Sep 2023