October ‹ 2018 ‹ Press Releases

Oct

2018

Ed Broking Group to be acquired by BGC Partners

Posted on 29th October 2018 by Gavin Warren and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced that a subsidiary of BGC Partners, Inc (“BGC”), a global brokerage and financial technology company, has agreed to acquire Ed Broking Group (“Ed”), subject to a number of conditions, including regulatory approvals. Under the terms of […]

Oct

2018

Willis Research Network announces renewed partnership with the Global Earthquake Model Foundation

Posted on 26th October 2018 by Mazin Shammas and has No comment

The Willis Research Network (WRN) is proud to announce its renewed partnership with the Global Earthquake Model (GEM) Foundation. The agreement represents a continued commitment to working collaboratively in order to develop and promote better understanding of earthquake risk. Karl Jones, Head of Catastrophe Analytics, Willis […]

Oct

2018

Jardine and Stevenson to join Asta board

Posted on 25th October 2018 by Mazin Shammas and has No comment

Asta, the leading third party managing agent at Lloyd’s, today announces the appointment of Paul Jardine and Bob Stevenson to the board of Asta Managing Agency, as independent non-executive chairman and independent non-executive director respectively. Both appointments are subject to regulatory approval. Jardine joins from AXA […]

Oct

2018

Tokio Marine Kiln reorganises Asian operations

Posted on 24th October 2018 by Mazin Shammas and has No comment

Tokio Marine Kiln (TMK) today announced a reorganisation of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai. TMK will be closing its Hong Kong office with immediate effect and making arrangements over the next six months for the orderly […]

Oct

2018

Fidelis expands to Dublin

Posted on 23rd October 2018 by Mazin Shammas and has No comment

Fidelis Insurance Holdings Limited (the “Company” or “Fidelis”) is pleased to announce the establishment of a regulated (re)insurer in Ireland, Fidelis Insurance Ireland DAC (“FIID”), to take advantage of opportunities in the European Economic Area (“EEA”). On October 22nd, 2018 the Central Bank of Ireland approved […]

Oct

2018

Evolution of Insurance-Linked Securities (ILS) as an established asset class continues its momentum while facing next stage of development

Posted on 22nd October 2018 by Mazin Shammas and has No comment

End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity with a view that reinsurance products backed by ‘alternative’ capital have become mainstream, according to a new Global ILS Market Survey by Willis Towers Watson (NASDAQ: […]

Oct

2018

Canopius appointments to drive AsiaPac expansion

Posted on 22nd October 2018 by Mazin Shammas and has No comment

Canopius today announces the latest in a series of key appointments that support its continued expansion across the Asia Pacific region, building on the solid base already achieved over the 10 years since its Singapore office opened. Canopius’s regional proposition has been strengthened with the appointments […]

Oct

2018

Ed licenses URS Risk Explorer to offer clients sharper insights

Posted on 22nd October 2018 by Mazin Shammas and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced it has licensed Ultimate Risk Solutions’ (URS) financial risk modelling software to help design bespoke risk mitigation solutions for its clients. The analytical power of URS’ Risk Explorer will allow Ed to model its clients’ portfolios […]

Oct

2018

New Nordic Advisors subsidiary Qudos Insurance suspends live underwriting

Posted on 18th October 2018 by Mazin Shammas and has No comment

New Nordic Advisors, the advisor to New Nordic Holding Ltd (“New Nordic”), the financial services-focused investment management company, today announced that its wholly-owned subsidiary Qudos Insurance (“Qudos”) will cease to underwrite new business with immediate effect, pending a restructuring of the business. New Nordic will continue […]

Oct

2018

Gallagher acquires South Coast-based UK commercial insurance broker Portmore

Posted on 18th October 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management services and consulting firm Gallagher today announces the acquisition of Portmore Insurance Brokers Limited and Portmore Insurance Brokers (Wiltshire) Limited (“Portmore”) in the UK. Terms of the transaction were not disclosed. Based in Southampton, Portmore was established in 2006 as a […]

Oct

2018

StarStone Group announces appointment of CEO

Posted on 17th October 2018 by Mazin Shammas and has No comment

StarStone, the global specialty insurer, today announces the appointment of John Hendrickson as Group Chief Executive Officer of StarStone Group, with immediate effect. He succeeds Demian Smith, who resigned in September 2018 after eight years of service. Mr. Hendrickson joins with over 35 years of industry […]

Oct

2018

LMA’s satellite imagery speeds Florence and Michael claims payments

Posted on 15th October 2018 by Mazin Shammas and has No comment

Lloyd’s managing agents have now begun assessing and paying claims to policyholders affected by hurricanes Florence and Michael, enabled and supported by the LMA’s satellite imagery and intelligence service. The service, now used by all Lloyd’s managing agents, provides ‘ground truth’ in the immediate aftermath of […]

Oct

2018

ArgoGlobal Assicurazioni S.p.A. strengthens broker relationships and enhances distribution with appointment of Marcello Lombardini

Posted on 15th October 2018 by Mazin Shammas and has No comment

ArgoGlobal Assicurazioni S.p.A., member of Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced the appointment of Marcello Lombardini as Distribution and Business Development Director. Joining from Banca IFIS, where he was most recently a Senior Insurance Consultant, […]

Oct

2018

Antares appoints John Taylor as Head of Specialty

Posted on 12th October 2018 by Mazin Shammas and has No comment

Antares, the Lloyd’s managing agent and member of the QIC Group, today announces the appointment of John Taylor as Head of Specialty. He will report to the Active Underwriter, Joe Battle and replaces Kieran Oliver, who is retiring from Antares after a distinguished career. Taylor has […]

Oct

2018

International Forum of Terrorism Risk (Re)Insurance Pools convenes 2nd annual conference in Moscow

Posted on 11th October 2018 by Mazin Shammas and has No comment

The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) today convened its annual conference in Moscow following a series of closed session meetings involving terrorism risk finance experts from across the world. The event brought together senior delegates from the Member Pools and was hosted by […]

Oct

2018

Lloyd’s Market Association appoints Andrew Brooks as next Chairman

Posted on 10th October 2018 by Mazin Shammas and has No comment

Andrew Brooks, Chief Executive Officer of Ascot Underwriting Ltd., has been appointed the next Chairman of the Lloyd’s Market Association (LMA) with effect from 1 January 2019. Mr Brooks, who has served on the LMA Board as a member since 2012, will succeed Neil Maidment, who […]

Oct

2018

iX Technology Group appoints Sally Coryn as Executive Chairman

Posted on 10th October 2018 by Mazin Shammas and has No comment

iX Technology Group Ltd, an InsurTech start-up company, today announces the appointment of Sally Coryn as Executive Chairman. Sally was previously Head of Corporate Development at Canopius and brings more than 30 years’ insurance market experience spanning strategy, analysis, investor relations, communications and underwriting to the […]

Oct

2018

ArgoGlobal appoints Michael Scala as Chief Underwriting Officer, Asia Pacific

Posted on 9th October 2018 by Mazin Shammas and has No comment

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, an international underwriter of specialty insurance and reinsurance, today announced the appointment of Michael Scala as Chief Underwriting Officer, Asia Pacific. Scala will report to Veronica Grigg, Chief Executive Officer, ArgoGlobal Asia. “Mike is a talented leader […]

Oct

2018

Reputation, enhancing delegated authority claims and automation ‘top priorities’, LMA survey reveals

Posted on 8th October 2018 by Mazin Shammas and has No comment

Brand reputation, automation and straight-through processing are the top three priorities of claims leaders in the Lloyd’s market, a survey commissioned by the Lloyd’s Market Association (LMA) reveals. The research provides a comprehensive picture of the concerns, opinions, and priorities of the market’s most senior claims […]

Oct

2018

Canopius appoints Nattakorn Wattanaumphaipong Head Of Reinsurance Asia Pacific

Posted on 2nd October 2018 by Mazin Shammas and has No comment

Canopius today announces the appointment of Nattakorn Wattanaumphaipong (‘Natt’) as head of reinsurance Asia Pacific. He will join the Canopius Singapore office in January 2019 and report to Jamie Wakeling, CUO reinsurance. Natt joins from Swiss Re where he has held multiple senior roles over a […]

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