November ‹ 2018 ‹ Press Releases

Nov

2018

LMA launches Gemini to tackle claims expert spend

Posted on 29th November 2018 by Mazin Shammas and has No comment

Gemini, a claims expert management solution and platform for Lloyd’s carriers, has been launched this week. Developed by the Lloyd’s Market Association (LMA), in partnership with Advent Insurance Management Limited, and driven by claims professionals from the Lloyd’s market, Gemini will enable carriers to understand their […]

Nov

2018

Christopher Andrew’s The Secret World: A History of Intelligence wins the Airey Neave Book Prize

Posted on 28th November 2018 by Mazin Shammas and has No comment

”Magisterial survey” with mischievous humour recognised in award sponsored by Pool Re, the UK’s terrorism reinsurer The 2018 Airey Neave Book Prize has been awarded to The Secret World: A History of Intelligence, written by Professor Christopher Andrew, by a panel of experts assessing the most […]

Nov

2018

New Nordic Advisors places Qudos Insurance into liquidation; enters into risk transfer deals with DARAG

Posted on 27th November 2018 by Mazin Shammas and has No comment

New Nordic Advisors (“New Nordic”), the investment management company, today announced that it has placed its wholly-owned insurance subsidiary Qudos Insurance (“Qudos”) into liquidation, effective immediately, following a comprehensive review of the insurance company’s position. New Nordic has entered into a number of retrospective reinsurance treaties […]

Nov

2018

DARAG Guernsey acquires SOBC Services and agrees to acquire four US carriers and a Bermuda-based cell, subject to change of control approval

Posted on 20th November 2018 by Mazin Shammas and has No comment

Further to the announcement in July regarding the joint venture between DARAG and SOBC, we are delighted to announce that DARAG Guernsey via its wholly owned subsidiary, SOBC DARAG Holdings Ltd has now acquired the entire share capital of SOBC Services. SOBC Services is focused on […]

Nov

2018

Gallagher Bassett appoints Gordon Vater as Business Development Director

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

Gallagher Bassett (“GB”) today announced the appointment of Gordon Vater as Business Development Director and a member of the executive board of Gallagher Bassett UK. Gordon joins from RiiG Ltd with immediate effect, responsible for enhancing and delivering claims consultancy, insource and training capabilities to corporate […]

Nov

2018

Pool Re publishes its fourth Terrorism Threat & Mitigation Report and gives details of proposed cover for Non-Damage Business Interruption

Posted on 13th November 2018 by Mazin Shammas and has No comment

At the City of London launch, the UK police lead for counter terrorism endorses Pool Re’s actions and commitment to build the UK’s economic resilience Pool Re, the UK’s terrorism reinsurance pool, has today published its annual Terrorism Threat & Mitigation Report, which focuses on the […]

Nov

2018

Capsicum Re strengthens London team in PC&C classes

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

Capsicum Re, the specialist reinsurance broker, today announces two hires to its London property and specialty division. Ed Le Flufy has joined as a speciality broker, with a focus on cyber, reporting into Ian Newman, global head of cyber. Piers English has joined as a treaty […]

Nov

2018

Canopius hires Rachel Sabbarton to energy team

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

Canopius today announces the appointment of Rachel Sabbarton as senior underwriter within the energy team. Rachel joins from Beazley Group, where she was deputy head of energy and will report to Geoff Tin before succeeding him in the role of head of energy in the summer […]

Nov

2018

LMA Finance Committee appoints Mark Allan as chairman

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

The Lloyd’s Market Association’s Finance Committee (FinComm), which leads on financial issues and requirements affecting Lloyd’s managing agents and syndicates, has appointed Mark Allan as chairman. Mr Allan, Brit’s Chief Financial Officer, succeeds John Dunn (Liberty) in the role. Hermien Smeets-Flier, Aegis London’s Chief Financial Officer, […]

Nov

2018

BMS makes senior energy hire

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

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the hire of Duncan Hayward as a Director in its Energy division. Hayward, who joins in 2019, will lead the casualty initiative within the Energy division. Hayward joins with 14 years’ experience in […]

Nov

2018

Alesco appoints Managing Partner of Energy

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

Alesco Risk Management Services (Alesco) — the specialist insurance and risk management broker – today announces the appointment of Jonathan Smith as Managing Partner of Energy. Jonathan will join the Alesco team on Monday 12 November. Bringing 36 years’ experience to Alesco, Jonathan arrives from specialty […]

Nov

2018

Canopius appoints new property treaty underwriter

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

Canopius today announces the appointment of Marco Silva as senior underwriter, property treaty reinsurance in London. Marco was most recently senior underwriter for Scor and has held various underwriting positions in his career, located in the UK, Bermuda and Europe. Jamie Wakeling, chief underwriting officer, reinsurance, […]

Nov

2018

Tokio Marine Kiln announces latest Lloyd’s syndicate results and forecast

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

Highlights Syndicates 510 and 557 forecast to deliver profits on the 2016 year of account Syndicates 510 and 557 remain stable for the 2017 year of account Syndicate 308 is loss making on both the 2016 and 2017 years of account, with the 2017 year of […]

Nov

2018

Gallagher acquires majority stake in specialist UK property owners broker Vasek Insurance

Posted on 7th November 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management and consulting firm Gallagher today announced that is has acquired a controlling interest in Purple Bridge Group Limited — the holding company of UK specialist property insurance provider Vasek Insurance Services Limited (“Vasek”). The deal includes Vasek’s appointed representative Insure My […]

Nov

2018

Willis Re: Record Q3 ILS issuance as trigger preferences evolve

Posted on 6th November 2018 by Mazin Shammas and has No comment

A record-high $1.6 billion of non-life Insurance-Linked Securities (ILS) capacity was issued in Q3, 2018, highlighting the continued enthusiasm for ILS amongst issuers and investors. The total exceeds the former Q3 record of $1.4 billion achieved in 2013, and is well ahead of the five-year average […]

Nov

2018

SOBC DARAG completes its first US acquisition

Posted on 5th November 2018 by Mazin Shammas and has No comment

SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist and DARAG, the leading legacy acquirer, is pleased to announce the completion of its first acquisition; Peachtree Casualty Insurance Company (“Peachtree”). The acquisition of Florida-based Peachtree was completed after receipt of Florida Office of […]

Nov

2018

Canopius appoints new head of claims

Posted on 1st November 2018 by Gavin Warren and has No comment

Canopius today announces the appointment of Gabrielle Folliard as head of claims. Gabrielle will join in early 2019 and will report to Laurie Davison, group chief operating officer. She joins Canopius from Markel International, where she was most recently head of specialty and financial lines claims. […]