March ‹ 2019 ‹ Press Releases

Mar

2019

Willis Towers Watson Securities acts as lead structuring agent for the first reinsurance sidecar domiciled in France

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

Willis Towers Watson Securities, the securities affiliate of Willis Re, acted as lead structuring agent for French reinsurer CCR Re on the first ever Insurance-linked Securities (ILS) instrument governed by French law. 157 Re will assume a quota share of CCR Re’s worldwide property catastrophe portfolio, […]

Mar

2019

Neon leads new London Political Risks Insurance Consortium

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

Neon is pleased to announce that it will lead the newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party. Spearheaded by Neon’s recently promoted Head of Specialty, Nicholas Robinson, the new initiative has been created in response to increased levels […]

Mar

2019

Willis Re appoints Steve Robson as head of London Market Reinsurance Claims

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

Claims veteran Steve Robson has joined Willis Re as head of London Market Reinsurance Claims, effective today. He brings extensive client-side experience and perspectives, and supports the closer alignment of the servicing and placement teams of Willis Re, the reinsurance division of Willis Towers Watson, a […]

Mar

2019

LMA Statement in response to reports of sexual harassment in the insurance industry

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

In response to recent reports of sexual harassment in the insurance industry, Sheila Cameron, CEO of the LMA stated “Sexual harassment is simply indefensible in any workplace and all instances should be dealt with swiftly and appropriately. We, like all other industries facing this issue, must […]

Mar

2019

Antares names Martin Campbell Head of Financial Institutions

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

Antares, the Lloyd’s Managing Agency and member of the QIC Group, today announces that Martin Campbell has been appointed head of Financial Institutions at Antares Syndicate 1274, effective immediately. Campbell brings 30 years’ experience in the Lloyd’s market to Antares, most recently as Head of Financial […]

Mar

2019

Completion: Preservation Capital invests to build MGA powerhouse

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

Financial services-focused private equity firm Preservation Capital Partners (“Preservation Capital”), today announces the successful completion of its strategic investment in US construction-focused MGA Cove Programs (“Cove”) after receiving all necessary regulatory approvals. Together with insurTech-driven cyber and specialty lines MGA Ascent Underwriting (“Ascent”), which Preservation Capital […]

Mar

2019

Pioneer appoints Nick Greggains as US CEO

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

Pioneer Underwriters (“Pioneer”) today announces that it has appointed Nick Greggains as CEO of Pioneer’s US operation. Nick Greggains, who takes up his appointment on 25th March, will be based in New York and will report to Andrew McMellin, Pioneer Group CEO. Gene Hinman, current US […]

Mar

2019

Pool Re publishes fourth Terrorism Frequency Report to strengthen industry understanding of the peril

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

Pool Re, Britain’s leading terrorism reinsurer, has announced the publication of its fourth Terrorism Frequency Report, a quarterly view of the contemporary threat which is produced by the Terrorism Risk and Analysis Centre (TRAC) – the in-house expert analysis team at Pool Re. As well as […]

Mar

2019

BMS revenues grow 25% to exceed £100mn in 2018

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

BMS, the independent specialist insurance and reinsurance broker, today announces that in 2018 annual revenues for the first time exceeded £100mn, one of a number of financial landmarks achieved by the business over the course of the year. Overall revenue grew by 25%. BMS’s London wholesale […]

Mar

2019

Channel appoints Matt Ackland as Chief Commercial Officer

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

Channel Syndicate 2015 at Lloyd’s (“Channel”) is pleased to announce the appointment of Matt Ackland as chief commercial officer of the London platform. He begins this role with immediate effect and reports to Stuart McMurdo, CEO of Channel. Matt has worked at Channel for over six […]

Mar

2019

ArgoGlobal appoints Alfredo Alonso as Chief Underwriting Officer – Europe, Middle East and Asia

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

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced the appointment of Alfredo Alonso as chief underwriting officer for Europe, Middle East and Asia. Alonso takes up his London-based role in March 2019; he will report to Matt Harris, group head of International Operations. […]

Mar

2019

H&T Group plc – preliminary results for the year ended 31 December 2018

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

H&T Group (“H&T” or the “Group”) today announces its preliminary results for the year ended 31 December 2018. John Nichols, Chief Executive of H&T Group, said: “Against a challenging background we have produced a strong year’s trading performance. “Development of our digital strategy, which is focused […]

Mar

2019

Skuld appoints chief legal officer to join the executive management team

Posted on 11th March 2019 by Mazin Shammas and has No comment

Skuld, a leading marine insurance provider, today announces that Hilde Søbstad Løvskar has been appointed chief legal officer (CLO). Løvskar now heads the corporate legal department and joins Skuld’s executive management team. Løvskar started in Skuld as an intern in June 2009. She became a maritime […]

Mar

2019

China Re launches renewable energy consortium for offshore windfarm risks

Posted on 11th March 2019 by Mazin Shammas and has No comment

China Re Corporation (“China Re”) today announces the launch of a renewable energy consortium at Lloyd’s, focused on project specific reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium along with Canopius Syndicate […]

Mar

2019

Pool Re collaborates with Home Office and UK National Counter-Terrorism Policing on new initiative to make businesses more resilient to terrorism

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

Pool Re, Britain’s leading terrorism reinsurer, has invested in a joint project with the UK National Counter-Terrorism Police HQ and the Home Office’s Joint Security & Resilience Centre, helping businesses to more proactively protect against the risk of terrorism. In a ground-breaking collaboration between the insurance industry, […]

Mar

2019

Argo Group extends its global reach through GBN Worldwide partnership

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

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products, has become a member and network partner of GBN, the world’s insurance network of leading re/insurers, independent brokers and specialty suppliers, which operates in more than 140 countries. Brokers and […]

Mar

2019

LMA appoints directors to finance and operations roles

Posted on 5th March 2019 by Mazin Shammas and has No comment

The LMA has announced the appointment of Rob Myers as Operations Director and Paul Davenport as Finance Director. Commenting on the two appointments, LMA CEO Sheila Cameron said: “I am pleased to welcome Rob Myers and Paul Davenport to the LMA. Both bring with them a […]

Mar

2019

Arthur J. Gallagher & Co. signs agreement to acquire Jardine Lloyd Thompson Group’s global aerospace operations

Posted on 4th March 2019 by Mazin Shammas and has No comment

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the signing of an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT […]

Mar

2019

Pool Re completes £2.3 billion terrorism retrocession placement

Posted on 1st March 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion retrocession programme with more than 50 international reinsurers, led by Munich Re. The programme, provided on a three-year basis, is one of the largest reinsurance deals in the world, and the largest […]