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The agency cited falling property rates and US casualty challenges. -
The insurer will be a cornerstone investor in the manager’s new PE platform.
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The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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The executive’s departure comes amid a wave of cyber reshuffling in the industry.
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Guy Carp has been rebuilding its marine and energy team after a major Willis Re team lift.
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Sources said Jefferies and RBC have been retained to advise on the sale process.
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It is understood that the MGA will use AI to try to identify claims patterns and litigation outcomes.
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While buyers enjoy favorable market conditions, increased costs from tariffs could spell trouble in 2026.
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The executive was previously head of casualty at the AIG subsidiary.
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This program is designed to provide insurance for small contractors.
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On average, Pure members will see a 7.6% rate decrease.
