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May 2018

24
May
2018
Canopius hires Stephan Ott as head of Continental Europe, reinsurance
Posted on 24th May 2018  by Mazin Shammas  and has No comment

Canopius today announces the appointment of Stephan Ott as its new head for Continental Europe, reinsurance. Ott was most recently chief underwriting officer for Emirates Re and has held various senior underwriting positions in his career, particularly in Germany and the Middle East. Jamie Wakeling, chief […]

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23
May
2018
Incumbents vs innovators: Q1 InsurTech deal numbers reach record high
Posted on 23rd May 2018  by Mazin Shammas  and has No comment

66 InsurTech investment deals in Q1 2018 marked a new high, as transaction sizes continued to increase and the line between InsurTech funding by incumbent (re)insurers and traditional venture capital was blurred by newer ‘hybrid’ investment funds. InsurTech investment volume of $724 million in Q1 was […]

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23
May
2018
Gallagher Hires Marketing and Communications Executive Alison Bain
Posted on 23rd May 2018  by Mazin Shammas  and has No comment

Gallagher Positions Itself for Future Regional Growth by Bolstering Marketing and Communications Function Gallagher today announced that Alison Bain has joined the company as its Head of Marketing and Communications for Europe, Middle East and Africa (EMEA), in a new role based in London. “Alison and her […]

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23
May
2018
Neon appoints group underwriting director
Posted on 23rd May 2018  by Mazin Shammas  and has No comment

Neon is delighted to announce that Theo Butt will be joining on 14th September this year in the newly created role of group underwriting director for Neon Holdings Limited. Theo will report to Martin Reith, group chief executive. Theo joins Neon from Ascot Underwriting where he […]

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18
May
2018
SSL and Endeavour to merge under JC Flowers
Posted on 18th May 2018  by Gavin Warren  and has No comment

Lloyd’s and independent specialist marine broker SSL Insurance Group (“SSL”) today announces its agreement to merge with fellow Lloyd’s broker and delegated authority specialist Endeavour Insurance Services Limited (“Endeavour”). This deal will conclude with both companies being acquired by a fund advised by private investment firm […]

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16
May
2018
LMA warns of $150 billion exposure gap in credit risk cover in its response to a PRA consultation on unfunded credit protection
Posted on 16th May 2018  by Gavin Warren  and has No comment

The LMA in a response today to the PRA’s consultation paper “Credit risk mitigation: eligibility of guarantees as unfunded credit protection”, warns of a risk to the UK financial services sector if the efficiency of credit insurance is reduced in helping banks to mitigate risks. The […]

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11
May
2018
Hawkins to join Compre as COO
Posted on 11th May 2018  by Mazin Shammas  and has No comment

Compre, the independent legacy acquirer, today announces that Simon Hawkins will join as chief operating officer of the group in quarter three 2018, subject to regulatory approval. Hawkins brings over 20 years of legacy-sector experience, which will support Compre’s ambition of achieving further strong, sustained growth. […]

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11
May
2018
15 consecutive years of positive underwriting results as Skuld launches members’ performance bonus
Posted on 11th May 2018  by Mazin Shammas  and has No comment

Skuld, a leading marine insurance provider, today announces a positive bottom line result of USD 58 million (USD 51 million in 2016 before members’ credit) for its 2017 financial year ending 20 February 2018, as well as a total combined ratio of 97%. Gross earned premium […]

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10
May
2018
Tokio Marine Kiln announces latest Lloyd’s syndicate results and forecasts
Posted on 10th May 2018  by Mazin Shammas  and has No comment

Highlights Syndicates 510 and 557 have shown small improvements on the 2016 year of account following a benign quarter Syndicates 510 and 557 remain forecasting a loss for the 2017 year of account reflecting the US hurricane losses Syndicate 308 is loss making on both 2016 […]

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10
May
2018
Pen Underwriting creates first cornerstone capacity placement as virtual insurer evolution continues
Posted on 10th May 2018  by Mazin Shammas  and has No comment

Pen Underwriting has completed the next phase of its strategic development as a virtual insurer by consolidating 15 UK household and SME portfolios into a five-year, £550 million, single quota share arrangement led by Legal & General. This cornerstone placement will provide capacity for £110m of […]

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09
May
2018
Gallagher acquires UK regional commercial insurance broker Risk Services (NW) Ltd
Posted on 9th May 2018  by Mazin Shammas  and has No comment

Gallagher today announces the acquisition of regional commercial insurance broker Risk Services (NW) Ltd (‘Risk Services’) based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by Managing Director Steve Lowe to deliver tailor-made cost-effective solutions for corporate and commercial […]

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09
May
2018
Joint Rig Committee launches oil and gas cyber risk report
Posted on 9th May 2018  by Mazin Shammas  and has No comment

The LMA and IUA has published its inaugural Joint Rig Committee (JRC) report, ‘Upstream Oil and Gas Cyber Risk – Insurance Technical Review’. This publication will provide the Lloyd’s and London insurance market with the background, threats and practical measures being implemented to reduce risk related […]

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09
May
2018
Former news broadcaster Nick Ravenscroft joins Haggie Partners
Posted on 9th May 2018  by Mazin Shammas  and has No comment

Haggie Partners is pleased to announce the appointment of Nick Ravenscroft as a director in the PR division. A former correspondent for the BBC, ITN and Sky, Ravenscroft has worked in corporate communications since 2015 and was, until earlier this year, global PR lead at the […]

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08
May
2018
Tokio Marine Group receives regulatory approval for Tokio Marine Europe S.A. in Luxembourg
Posted on 8th May 2018  by Mazin Shammas  and has No comment

Today, Tokio Marine Group announced that it has received regulatory approval from the Commissariat aux Assurances (CAA) and the Japanese Financial Services Authority (JFSA) to set up a new insurance company, Tokio Marine Europe S.A. The well-capitalised insurance company will operate as a Tokio Marine HCC […]

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08
May
2018
BMS BUILDS ITS AUSTRALIAN OPERATION AS ANDREW GODDEN STARTS AS CEO AND DYLAN WILKINSON IS APPOINTED COO
Posted on 8th May 2018  by Mazin Shammas  and has No comment

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces that Andrew Godden has taken up his role as CEO of Australia. Based in Sydney, he reports directly to Nick Cook, CEO of BMS Group. Dylan Wilkinson has been appointed as COO of […]

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04
May
2018
THB UK Risk Solutions expands its motor fleet new business team
Posted on 4th May 2018  by Mazin Shammas  and has No comment

THB UK Risk Solutions, the UK broking operation of the specialist insurance and reinsurance broker THB, announces the appointment of two new motor fleet brokers, further enhancing its new business team. Kevin Searle, joining from Wrightsure, and Andrew Hines, formerly at Towergate and Wrightsure, have both […]

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03
May
2018
Lancashire Holdings Limited – Results of AGM
Posted on 3rd May 2018  by Mazin Shammas  and has No comment

Lancashire Holdings Limited (the “Company”) is pleased to announce the voting results for the Annual General Meeting (“AGM”) of shareholders held at its London offices on Wednesday 2 May 2018. The meeting considered the sixteen resolutions as set out in the AGM Notice dated 12 March 2018; […]

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02
May
2018
Untangling the tech web
Posted on 2nd May 2018  by Mazin Shammas  and has No comment

The LMA Academy has hosted its inaugural emerging technology masterclass, ‘Blockchain Decoded’, the first in a series of events aimed to educate the Lloyd’s market on a range of topics from artificial intelligence and robotics to the internet of things, delivered in straightforward terms for non-specialists. […]

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02
May
2018
Canopius hires in construction and engineering
Posted on 2nd May 2018  by Mazin Shammas  and has No comment

Canopius today announces the arrival of John Shaw as Construction and Engineering Underwriter. John has joined Canopius from QBE Australia where he was Construction Underwriting Manager for Northern Australia. Spencer Pearce, Head of Heavy Industry & Construction, commented, “We are really pleased to welcome John to the team.  […]

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01
May
2018
Pioneer appoints Simon Gaffney as Group Chief Operating Officer
Posted on 1st May 2018  by Gavin Warren  and has No comment

Pioneer Underwriters (“Pioneer”) is pleased to announce the appointment of Simon Gaffney as Group Chief Operating Officer, effective immediately, he will report to Dane Douetil, Group Chief Executive Officer of Pioneer and be based in London. Simon has two decades of experience in the insurance broking […]

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