February ‹ 2019 ‹ Press Releases

Feb

2019

Digitisation tops LMA priorities for 2019

Posted on 27th February 2019 by Mazin Shammas and has No comment

Lloyd’s Market Association (LMA) CEO Sheila Cameron today told chief executives from across the Lloyd’s managing agency community that the pursuit of seamless digitisation, achieving sustained underwriting discipline and working with Lloyd’s to support its central strategy around distribution and international marketing are top of the […]

Feb

2019

Ascent tackles physical damage cyber with Munich Re backing

Posted on 27th February 2019 by Mazin Shammas and has No comment

Ascent Underwriting, the specialist niche-product managing general agent, today announces the addition of physical damage cover to its flagship CyberPro product – part of its professional and non-tangible risks portfolio. With additional capacity provided by Munich Re, CyberPro now covers physical and property damage plus debris […]

Feb

2019

Pool Re places the world’s first-ever terrorism cat bond

Posted on 26th February 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s state-backed terrorism reinsurer, has broken new ground with its placement of a GBP £75 million catastrophe bond. Issued through a special-purpose vehicle, Baltic PCC Ltd., the bond is the first-ever insurance-linked securities (ILS) contract to cover terrorism risk exclusively, and only the second […]

Feb

2019

Global growth spurs strong 2019 P&I renewals for Skuld

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

Skuld, a leading marine insurance provider, today announces a positive outcome from renewals with a 4.3% net increase in mutual P&I gross tonnage year-on-year from 2018 to 2019, including committed tonnage for delivery throughout 2019. Completing on 20 February 2019, Skuld’s committed mutual P&I tonnage now […]

Feb

2019

Willis Towers Watson: InsurTech investment by re/insurers rises as new tools are developed to manage cyber risk

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

Sixty-three InsurTech deals with a total value of $1.59 billion were announced world-wide in Q4, 2018, up 24% and 155% respectively over Q4, 2017. The total, including all-stage investments in property/casualty and life & health ventures, is the second-highest ever behind the exceptional second quarter of […]

Feb

2019

THB announces new CFO and senior board appointments

Posted on 21st February 2019 by Mazin Shammas and has No comment

THB Group, the specialist insurance and reinsurance broker which just celebrated its 50th birthday, today announces four senior board appointments. Kay Smith joins THB as group chief financial officer, taking over from Rob Wilkinson, who transitions to commercial director. Kay has held a number of senior […]

Feb

2019

LMA welcomes FCA’s wholesale broker market findings

Posted on 20th February 2019 by Mazin Shammas and has No comment

The LMA welcomes the findings of the FCA’s review into the wholesale insurance broker market and the fact that it is final, therefore minimising any ongoing regulatory burden on insurers. Sheila Cameron, LMA CEO said: “We are actively pursuing technological advancements such as PPL which should […]

Feb

2019

Willis Re launches Agriculture team in Asia Pacific and appoints David Gregori as Head of Agriculture for the region

Posted on 20th February 2019 by Mazin Shammas and has No comment

Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company (NASDAQ:WLTW), announced today the appointment of David Gregori as Head of Agriculture for Asia Pacific and the set-up of its Agriculture team for the region. Based in Hong Kong, […]

Feb

2019

Preservation Capital invests to build MGA powerhouse

Posted on 19th February 2019 by Mazin Shammas and has No comment

Preservation Capital Partners (“Preservation Capital”), the financial services-focused private equity firm which last year acquired an interest in the insurTech-driven cyber and specialty lines MGA Ascent Underwriting (“Ascent”), has made a strategic investment in US construction-focused MGA Cove Programs (“Cove”). Together the business will manage in […]

Feb

2019

Antares appoints Joe Battle as Chief Executive Officer

Posted on 18th February 2019 by Mazin Shammas and has No comment

Antares the Lloyd’s Managing Agency and member of the QIC Group today announces the appointment of Jonathan (Joe) Battle current Active Underwriter as Chief Executive Officer (subject to necessary regulatory approvals). Stephen Redmond, current Managing Director of Antares, has been appointed to the newly created role […]

Feb

2019

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

Posted on 15th February 2019 by Mazin Shammas and has No comment

Highlights Syndicates 510 and 557 each delivered profits on the 2016 year of account The 2017 year of account forecast for Syndicates 510 and 557 reflects the US hurricane losses Syndicate 308 is loss making on both the 2016 and 2017 years of account, with the […]

Feb

2019

POP announces strategic partnership with Rakuten

Posted on 14th February 2019 by Mazin Shammas and has No comment

POP Insurance Holdings (“POP”), a specialist insurance group, headquartered in Sydney, Australia, and its subsidiary Fusion Specialty M&A MGA (“Fusion M&A”), have launched a strategic partnership (“the Partnership”) with Rakuten General Insurance Co. Ltd (“Rakuten”), focused on mergers and acquisitions transactions in Japan, and supporting Rakuten’s […]

Feb

2019

Pioneer appoints Andrew Corton as a project cargo underwriter

Posted on 13th February 2019 by Mazin Shammas and has No comment

Pioneer Underwriters (“Pioneer”) today announces that it has appointed Andrew Corton as a project cargo underwriter, effective 1st March. Corton will be based in London and will report to Brook Styles, underwriter in marine specialty, and will underwrite project cargo and specialist cargo risks as well […]

Feb

2019

Firms better protected against terrorism: Royal Assent for bill allowing Pool Re to cover non-damage business interruption

Posted on 12th February 2019 by Mazin Shammas and has No comment

Pool Re today welcomed Royal Assent being given to the Counter-Terrorism and Border Security Bill 2018 which will allow Pool Re to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before the […]

Feb

2019

Agile appointed as StarStone partner across Australasia

Posted on 12th February 2019 by Mazin Shammas and has No comment

Agile Underwriting Services Pty Ltd (“Agile”), the InsureTech-driven underwriting agency, today announced that it has been appointed as a representative agent for global specialty insurer, StarStone in Australia and New Zealand. Agile has been a strategic partner since StarStone launched its Australian underwriting capability in 2016. […]

Feb

2019

Channel appoints Nick Forti as Active Underwriter

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

Channel Syndicate 2015 at Lloyd’s (“Channel”) is pleased to announce the appointment of Nick Forti as Active Underwriter, subject to regulatory approval. He will begin this role on 19th March and will report to Stuart McMurdo, CEO of Channel. Tom Corfield remains Chief Underwriting Officer of […]

Feb

2019

Ed appoints Laura Skaanild to Professional & Executive Risk Team

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

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Laura Skaanild as Client Director, Professional and Executive Risk. She will report to Paul Richards, Managing Director of Professional and Executive Risk. Laura will focus on managing and developing Ed’s client base in […]

Feb

2019

LMA CEO Cameron sets out vision for a ‘seamless digital marketplace’

Posted on 6th February 2019 by Mazin Shammas and has No comment

LMA chief executive Sheila Cameron has called for the creation of a digital re/insurance marketplace in London where processing tasks are linked seamlessly from end to end, from proposal to claims, freeing market experts to concentrate on adding genuine value for customers. Cameron said: “Our goal […]

Feb

2019

BGC Partners Completes Acquisition of Ed Broking Group Limited

Posted on 1st February 2019 by Gavin Warren and has No comment

BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC” or the “Company”), a leading global brokerage and financial technology company, today announced that it has completed the acquisition of Ed Broking Group Limited (“Ed”), an independent Lloyd’s of London insurance broker with a strong reputation across Accident […]