Morgan Stanley analysts have suggested that multiple developments during the third quarter mean the investment thesis for the P&C space has become less clear, with more questions than answers.

INSUREtrust, a cyber insurance and risk management specialty broker within wholesaler CRC Group, has added Bradley Davis as executive vice president.

John Stephens has taken over as CEO of specialty and wholesale broker and administrator Accretive Insurance Solutions, replacing Sean Smith following his move to take on the president role at parent AssuredPartners.

Arthur J Gallagher’s wholesale unit Risk Placement Services (RPS) has appointed Markel’s Kevin Oh as its national property president, taking over a role that had been held by Wes Robinson.

Annex has secured Lloyd’s coverholder status in a move that will allow the flood-focused insurtech MGA to bring a new surplus lines private flood offering for residential properties to market.

Longtime Aspen executive Michael Padula has left his role as US head of environmental and is set to join TIH-owned MGA platform Starwind Specialty,

Parametric specialist NormanMax Insurance Solutions has expanded its offering beyond commercial insurance and reinsurance as it launches a parametric hurricane product for US consumers,

Wholesaler CRC Group has made a series of broking and underwriting appointments across its offices nationwide.

Ryan Specialty has disclosed that it paid $44mn in cash consideration to Ascot to acquire the P&C MGUs owned by Ethos Specialty Insurance.

Wholesale broker XPT Specialty announced the addition of three new team members: Alex Thomas in Denver, Cynthia Ann Pompa in Houston and Connor Fritzsche in the mid-Atlantic office.