November ‹ 2017 ‹ Press Releases

Nov

2017

LMA Aviation Committee welcomes new legislation for drones

Posted on 28th November 2017 by Gavin Warren and has No comment

The Lloyd’s Market Association (LMA) Aviation Committee has welcomed government proposals for drone legislation, which was set out in a statement on 26 November by the Aviation Minister, Baroness Sugg. The proposed legislation, due to be published in spring 2018, will place new responsibilities on owners […]

Nov

2017

Pool Re to extend cover to include physical damage from cyber terrorism from April 2018

Posted on 28th November 2017 by Gavin Warren and has No comment

Pool Re, the terrorism reinsurance pool, today announces that, from April 2018, it will extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber trigger. The cover, which will exclude intangible assets, will be offered as standard […]

Nov

2017

Gallagher appoints James Anderson to lead Rossborough Insurance

Posted on 28th November 2017 by Gavin Warren and has No comment

Gallagher today announces the appointment of James Anderson as Group Managing Director of Rossborough Insurance — its personal and commercial lines broking business based in the Channel Islands and Isle of Man — subject to regulatory approval. Anderson will succeed Clive de la Cour with effect […]

Nov

2017

Epsilon appoints Tim Curling to lead new accident and health division

Posted on 20th November 2017 by Gavin Warren and has No comment

Epsilon Underwriting Agency (“Epsilon”) announces the formation of its new accident and health division under the leadership of Tim Curling. Former Beazley Australia accident and health underwriter Curling joins with immediate effect reporting to Paul O’Leary, chief underwriting officer. O’Leary welcomed the additional product line and […]

Nov

2017

Steven Beard appointed as CFO of RFIB and Limehouse holding company

Posted on 20th November 2017 by Gavin Warren and has No comment

The holding company of RFIB Group Ltd (“RFIB”) and Limehouse Agencies (“Limehouse”), is pleased to announce the appointment of Steven Beard as CFO. Beard will also become CEO of a newly created services company, George Yard Services (“GYS”). Beard takes up his new roles on 4 […]

Nov

2017

Skuld announces retirement of Claes Lindh

Posted on 20th November 2017 by Gavin Warren and has No comment

Skuld, a leading marine insurance provider, today announces the semi-retirement of Claes Lindh, a member of Skuld’s executive management team and a well-known and popular figure in the industry, who has decided to stand down after more than 10 years at the company. Lindh steps down […]

Nov

2017

Pen Underwriting extends strategic partnership with QBE into Ireland with new capacity deal

Posted on 16th November 2017 by Gavin Warren and has No comment

Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods & environmental industries. The new partnership takes effect on the 1 January 2018 offering brokers and […]

Nov

2017

Compre announces seventh acquisition of 2017

Posted on 16th November 2017 by Gavin Warren and has No comment

Compre, the independent discontinued insurance and reinsurance business specialist, today announces it has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz Versicherungs AG (“Allianz”) for an undisclosed sum. The business was originally underwritten by Vereinte Versicherung AG and its legal predecessors and […]

Nov

2017

Canopius launches new drilling well sidetrack product

Posted on 15th November 2017 by Gavin Warren and has No comment

Sompo Canopius AG (“Canopius”) today announces that it has launched a new drilling well sidetrack (DWST) product. A unique new product that responds to the specific needs of upstream energy clients, DWST provides cover for a range of potentially very expensive critical well scenarios that are […]

Nov

2017

Dale Underwriting Partners Special Purpose Arrangement receives Lloyd’s approval

Posted on 13th November 2017 by Gavin Warren and has No comment

Dale Underwriting Partners, managed by leading Lloyd’s third party managing agency Asta, is delighted to announce that its special purpose arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of contingency and specialty property business, underwritten into Dale syndicate 1729 by a […]

Nov

2017

Alize a newly approved actuarial and underwriting reinsurance services company, has officially launched in Bermuda

Posted on 13th November 2017 by Gavin Warren and has No comment

Using proprietory analytical and actuarial tools, Alize will work with brokers and intermediaries to advise on the planning and structuring of marine, energy and aerospace reinsurance programmes for their customers. Alize has a strategic alignment with Artex Risk Solutions (Bermuda) Ltd. and have structured a facility […]

Nov

2017

LMA tackles £1bn claims expert spend

Posted on 13th November 2017 by Gavin Warren and has No comment

The LMA Claims Committee today announced that Advent Claims has been selected as a partner and vendor for its Claims Expert Management Hub for Lloyd’s carriers. The Lloyd’s market has spent over £1bn on third party experts in the past 24 months, according to data collected […]

Nov

2017

Agora Syndicate 3268 receives approval to start underwriting 1/1/2018

Posted on 13th November 2017 by Gavin Warren and has No comment

Asta, the leading third-party managing agent at Lloyd’s, today announces Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business attaching on or after 1 January 2018. Agora Syndicate 3268 will be managed by Asta and privately capitalised by a number of well-known industry […]

Nov

2017

MAI CEE continues expansion drive with appointment of Ewelina Jaworska as group employee benefits leader

Posted on 8th November 2017 by Gavin Warren and has No comment

MAI CEE, the leading independent insurance broker in Central and Eastern Europe, today announced the appointment of Ewelina Jaworska as group employee benefits leader, effective immediately. Reporting to group network director Natalia Zaborovska, Jaworska will be responsible for growing MAI CEE’s employee benefits business across its […]

Nov

2017

Pioneer launches Property E&S operation with the appointment of David Phillips

Posted on 6th November 2017 by Gavin Warren and has No comment

Pioneer Underwriters (‘Pioneer’) is pleased to announce the launch of its new Property E&S operation. The team will be led by David Phillips, based in Alpharetta, Georgia. David brings over two decades of property insurance experience to Pioneer. David began his property facultative career in 1991 […]

Nov

2017

Advent Claims partners with Principia Underwriting

Posted on 6th November 2017 by Gavin Warren and has No comment

Advent Claims, the insurTech-led claims TPA, today announces it has signed an agreement to administer all claims for Aquila Underwriting-backed MGA, Principia Underwriting. Principia, which previously managed claims in-house, will implement Advantage, Advent’s proprietary claims management system, to manage claims arising under its 11 binders. Principia’s […]

Nov

2017

CRO survey reveals £20m missed opportunity

Posted on 2nd November 2017 by Gavin Warren and has No comment

Lloyd’s insurers spend about £20 million annually on capital-model governance and validation, but many approach the process as an exercise to satisfy regulators, rather than a value-adding proposition. This could represent a missed opportunity, research by the Lloyd’s Market Association (LMA) has revealed. A survey of […]

Nov

2017

Ascent announces investment by Preservation Capital Partners

Posted on 2nd November 2017 by Gavin Warren and has No comment

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, has agreed that Preservation Capital Partners (“Preservation Capital”) will take a substantial stake in the business subject to regulatory approval. The existing management team of Ascent will retain a significant shareholding in Ascent and will continue to […]

Nov

2017

Blenheim to commence accident and health and specialty reinsurance lines

Posted on 1st November 2017 by Gavin Warren and has No comment

Blenheim Underwriting Limited has today announced the launch of accident and health and specialty reinsurance divisions in line with its recently approved 2018 business plan. Blenheim has appointed Nick Faux to develop its accident and health portfolio. Blenheim has also appointed Stephanie Hunt to its specialty […]

Nov

2017

Fidelis expands MGA strategy with Pine Walk and Radius

Posted on 1st November 2017 by Gavin Warren and has No comment

Fidelis Insurance (“Fidelis”) today announced that it has launched its first MGA – Radius – which will be run by Rob Ashton and will focus on niche specialty treaty excess of loss business, such as Cyber, Nuclear and PA Retro. Radius will begin writing business on […]

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