December ‹ 2018 ‹ Press Releases

Dec

2018

China Re completes acquisition of Chaucer Holdings Ltd

Posted on 31st December 2018 by Gavin Warren and has No comment

China Reinsurance (Group) Corporation (“China Re”) today announces it has completed its 100% equity acquisition of Hanover Insurance International Holdings Ltd (the holding company of “Chaucer Holdings Ltd.”) from The Hanover Insurance Group, Inc. The acquisition of Chaucer Insurance Company DAC (Chaucer Dublin) and Hanover Australia […]

Dec

2018

Neon announces senior management promotions

Posted on 21st December 2018 by Mazin Shammas and has No comment

Neon Underwriting Limited (“NUL”), Neon’s Lloyd’s Managing Agency, today announces the promotions of Theo Butt to Chief Executive Officer and Matthew Washington to Managing Director with immediate effect, subject to Lloyd’s and PRA approval. Theo joined Neon Holdings Limited (“Neon Holdings”) earlier this year as Group […]

Dec

2018

Compre receives regulatory approval for Generali legacy transaction

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

Compre, the independent (re)insurance legacy specialist, confirms that regulatory approval has been received from IVASS, the Institute for the Supervision of Insurance in Italy, and all other relevant regulators for the previously disclosed acquisition of two portfolios from Assicurazioni Generali S.p.A. (“Generali”). This transaction provides legal […]

Dec

2018

Unicorn Underwriting continues expansion with hire of Neil Russell

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

Unicorn Underwriting is pleased to announce Neil Russell will be joining the firm as of 1st January 2019. Russell will initially be working on the development of new facilities and capacity for the firm with plans to join the Property Underwriting team mid-year. In addition, Russell […]

Dec

2018

Willis Towers Watson: InsurTech investment doubles in Q3; parametric cover in focus

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

More than $1.3 billion of InsurTech funding was completed during Q3 2018, double the figure from the previous quarter. While individual investment rounds were larger, the number of transactions reported declined 20% to 57, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the […]

Dec

2018

Pioneer reaffirms commitment to North American professional liability market

Posted on 19th December 2018 by Gavin Warren and has No comment

Pioneer Underwriters (“Pioneer”) has today reaffirmed its commitment to the North American professional liability market, ahead of next year’s renewals. The business is led by Patrick Comerford and remains a core part of Pioneer’s underwriting operations. Andrew McMellin, CEO of Pioneer, said: “Pioneer has outstanding reputation […]

Dec

2018

Kevin Rehnberg to serve as Argo Group Chief Administrative Officer

Posted on 19th December 2018 by Gavin Warren and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products, today announced the appointment of Kevin Rehnberg to serve as chief administrative officer in addition to continuing as the head of Argo’s insurance business for the U.S. and Latin America. […]

Dec

2018

Matt Harris to Lead Argo Group International Operations

Posted on 19th December 2018 by Gavin Warren and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products, today announced the appointment of Matt Harris to lead the company’s international insurance operations, including the United Kingdom, Europe, Asia, the Middle East and Bermuda. He will begin in this […]

Dec

2018

BMS expands Bermuda operation

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

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the build out of its Bermuda market operation with the hiring of George Bowring from Price Forbes and Kian Wookey from JLT. The build out in Bermuda will focus on North American liability […]

Dec

2018

Gallagher Bassett acquires Property Claims Management Services Limited

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

Gallagher Bassett (GB) has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Limited (PCMS). With origins dating back to 1991, the Tamworth, Staffordshire based PCMS business provides property claims management services to insurers and commercial third-party claims administrators through […]

Dec

2018

Ascent to launch Transactional Risk proposition with Alex Smith hire

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

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announces the appointment of Alex Smith as head of transactional risk, effective February 2019. Reporting to chief underwriting officer Gareth Tungatt, Smith will establish a transactional risk business line and build a team as part of […]

Dec

2018

Ed Broking to open new operation in Bermuda

Posted on 10th December 2018 by Gavin Warren and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced that it is to expand its international footprint by setting up a new broking platform in Bermuda to develop business in the important (re)insurance hub. Once approved by the Bermuda Monetary Authority, the operation will be […]

Dec

2018

Andrew Draycott named CEO of Ed Broking

Posted on 10th December 2018 by Gavin Warren and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Andrew Draycott as CEO-designate of Ed Broking in London. His appointment is subject to regulatory approvals and he will take up his role once the acquisition of Ed Broking Group by BGC Partners, […]

Dec

2018

TMK strengthens underwriting in its Singapore team

Posted on 10th December 2018 by Gavin Warren and has No comment

Tang will be working with the existing property team and will have responsibility for the development of the portfolio across the Asia region. He brings a decade of underwriting experience with him, focused especially on Australia where he has established a strong background in complex property […]

Dec

2018

Gallagher extends footprint in South-West with acquisition of UK regional commercial broker Pavey Group

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

Global insurance broker, risk management and consulting firm Gallagher today announces the acquisition of leading South West commercial insurance broker Pavey Group Holdings (UK) Limited (trading as Pavey Group) in the UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey […]

Dec

2018

Ed appoints Jo Kendall as Head of Catastrophe & Exposure Management

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

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Jo Kendall as Head of Catastrophe & Exposure Management, reporting to the Group Chief Actuary, Jonathan Tilman. Kendall brings 15 years of industry experience to Ed. She joins from Willis Re where she […]

Dec

2018

ArgoGlobal Appoints Paul Lucas as Chief Actuary, International

Posted on 3rd December 2018 by Gavin Warren and has No comment

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced the appointment of Paul Lucas as chief actuary, international. Lucas takes up his role immediately and will report to Bob Katzman, chief actuary, Argo Group. “We are pleased to welcome Paul to the team. He […]