January ‹ 2019 ‹ Press Releases

Jan

2019

elseco acquires MGA Malakite and Zurich-based airlines & products portfolio from StarStone

Posted on 31st January 2019 by Mazin Shammas and has No comment

elseco, the high-tech specialty underwriting platform, has entered into an agreement with global specialty insurer StarStone to acquire its Dubai-based MGA, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio. Under a new strategic partnership arrangement, StarStone will continue to […]

Jan

2019

Pioneer creates single global platform for Financial Institutions

Posted on 31st January 2019 by Mazin Shammas and has No comment

Pioneer Underwriters (“Pioneer”) today announces it has unified its Financial Institutions (FI) businesses into one overarching global underwriting operation. Richard Coello leads the global FI team which will be responsible for all FI business written by Pioneer, utilizing the same capital base to write business from […]

Jan

2019

THB completes leadership transition in European division

Posted on 31st January 2019 by Mazin Shammas and has No comment

THB, the specialist insurance and reinsurance broker, today confirms the completion of its THB Europe leadership transition. Joaquim Caria, who has been facilitating a smooth transfer of responsibility to managing director Ricardo Borges since his appointment in August, retires today after more than 40 years in […]

Jan

2019

Willis Re: ILS growth to $93bn in 2018 bodes well for a continued healthy market

Posted on 29th January 2019 by Mazin Shammas and has No comment

Growth of the ILS market continued in 2018, to reach $93 billion of outstanding non-life capital, despite a slow-down during the final quarter of the year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson, the leading global […]

Jan

2019

Gillian Anderson promoted to Head of Technology and Cyber at Channel

Posted on 29th January 2019 by Mazin Shammas and has No comment

Channel Syndicate 2015 at Lloyd’s (“Channel”) is pleased to announce the appointment of Gillian Anderson as Head of Technology and Cyber with immediate effect. She reports into Tom Corfield, Active Underwriter at Channel. Gillian joined Channel in June 2016. Prior to this she held roles with […]

Jan

2019

Neon Italy strengthens team with senior claims appointment

Posted on 29th January 2019 by Mazin Shammas and has No comment

Neon Italy has announced the appointment of Paolo Olivari as Claims Manager with immediate effect. Paolo will primarily focus on Hull claims and will report to Sergio Revello, CEO of Neon Italy. Paolo joins Neon Italy from Generali where he ran their Global Corporate and Commercial […]

Jan

2019

EC3 Brokers targets Middle East with senior appointment in Dubai

Posted on 28th January 2019 by Mazin Shammas and has No comment

EC3 Brokers announces the launch of EC3 Brokers MEA, with the appointment of Steve Hart as senior executive officer to lead a team of four in Dubai’s International Finance Centre. This new venture marks the strategic expansion of the EC3 Brokers team, which already has offices […]

Jan

2019

Argo Group announces Graduate Training Program in Bermuda

Posted on 25th January 2019 by Mazin Shammas and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, is pleased to announce the Argo Group Graduate Training Program. Based in Bermuda, the program gives recent graduates who meet the academic criteria an unprecedented exposure to a leading insurance and […]

Jan

2019

Willis Re International appoints Brian Shea as Head of Strategic and Financial Analysis

Posted on 24th January 2019 by Mazin Shammas and has No comment

Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company (NASDAQ:WLTW) has announced the appointment of Brian Shea as Managing Director and Head of Strategic and Financial Analysis for Willis Re International. Effective 1 January 2019, Shea will continue […]

Jan

2019

Lloyd’s approves Waypoint as A&H coverholder for ArgoGlobal

Posted on 23rd January 2019 by Mazin Shammas and has No comment

Waypoint Underwriting Management, LLC today announced it has obtained coverholder approval to underwrite Accident and Health (A&H) products on behalf of ArgoGlobal Syndicate 1200 at Lloyd’s. Waypoint is a specialty managing general underwriter that offers insurance and reinsurance solutions to clients in the U.S. “This is […]

Jan

2019

Ed announces 67% PPL usage rate and backs call for brokers’ PPL league tables

Posted on 23rd January 2019 by Mazin Shammas and has No comment

Ed, the global reinsurance, wholesale and specialty insurance broker, is pleased to announce that it placed 67% of firm orders through the London market’s joint electronic placement system between August and November of 2018. Responding to PPL chairman Bronek Masojada’s call for the publication of a […]

Jan

2019

DARAG announces transaction with DONAU Versicherung AG

Posted on 22nd January 2019 by Mazin Shammas and has No comment

DARAG Group Limited, a leading legacy acquirer, today announced it has agreed to purchase a portfolio of Italian non-life business, consisting primarily of Motor Third Party Liability from DONAU Versicherung AG (“DONAU”). The transaction is subject to approval by the relevant local authorities. The transaction comprises […]

Jan

2019

Willis Re: Multiple smaller catastrophes deliver average insured-loss year in 2018

Posted on 16th January 2019 by Mazin Shammas and has No comment

Insured losses from major natural catastrophes in 2018 totalled roughly $71.5 billion, only slightly more than the annual average since 2011 but the third-highest total during the eight-year period, according to the Summary of Natural Catastrophe Events 2018 report, published today by Willis Re, the reinsurance […]

Jan

2019

ArgoGlobal Assicurazioni S.p.A uses Insurtech to provide Italian Gig Workers with On-demand Insurance

Posted on 15th January 2019 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, is working with Axieme, a specialised broker connected to Jobby, one of Italy’s most innovative digital platforms, to respond to a need for on-demand, pay-as-you-go insurance […]

Jan

2019

Argo Group renews Harambee Re Sidecar for 2019

Posted on 9th January 2019 by Mazin Shammas and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products, today announced the renewal of Harambee Re Limited as Argo Group’s sidecar reinsurer for 2019. Launched in 2013, the sidecar continues Argo Group’s successful track record of building relationships with […]

Jan

2019

Argo Group Appoints Bill Wharton to Head of Argo Insurance Bermuda

Posted on 8th January 2019 by Mazin Shammas and has No comment

Nigel Mortimer to lead International Casualty Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced the appointment of Bill Wharton to Head of Argo Insurance Bermuda, effective immediately. Wharton will also continue as Head of Professional Lines in […]

Jan

2019

Neon sponsors second NCM Re transaction

Posted on 8th January 2019 by Mazin Shammas and has No comment

Neon today announces that it has successfully raised third party capital to support its second ILS transaction through its UK-based transformer vehicle (NCM Re). This marks the first reinsurance renewal under the UK’s nascent regulatory regime for alternative capital investment in the reinsurance sector. The transaction, […]

Jan

2019

Gary Grose named interim leader of Argo Group’s Colony Specialty Business

Posted on 8th January 2019 by Mazin Shammas and has No comment

Ron Vindivich announces retirement Argo Group U.S., member of Argo Group International Holdings, Ltd. (NYSE: ARGO), today announced Gary Grose, Argo Group head of marketing and producer management, will serve as the interim head of Colony Specialty in addition to his current responsibilities, effective immediately. The […]

Jan

2019

Hawkins succeeds Matson as Compre CFO

Posted on 7th January 2019 by Mazin Shammas and has No comment

Compre, the independent legacy acquirer, today announces the appointment of Simon Hawkins as chief financial officer, effective immediately. He succeeds Paul Matson, who played a key role in Compre’s substantial growth over the last three years and completed a four-month handover to Hawkins before departing at […]

Jan

2019

Arthur J. Gallagher & Co. signs definitive agreement to acquire Stackhouse Poland Group Limited

Posted on 7th January 2019 by Mazin Shammas and has No comment

Arthur J. Gallagher & Co. today announced that it has signed a definitive agreement to acquire 100% of specialist UK insurance broker Stackhouse Poland Group Limited (“Stackhouse Poland”). The transaction is subject to regulatory approval and is expected to close in the first quarter 2019. Founded in […]

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