April ‹ 2019 ‹ Press Releases

Apr

2019

THB augments market–leading binding authority team

Posted on 30th April 2019 by Mazin Shammas and has No comment

THB Group, the specialist insurance and reinsurance broker, today announces the recruitment of Steve Ford (formerly global managing director of Pen Underwriting). Ford will join in the role of strategic binding authority director. THB’s binding authority team transacts more than US$700m of premium annually in the […]

Apr

2019

BMS Capital Advisory appoints Chris DeMuth as Senior Vice President

Posted on 30th April 2019 by Mazin Shammas and has No comment

BMS Group (“BMS”), the independent specialist (re)insurance broker, today announces that Chris DeMuth has been appointed as Senior Vice President at BMS Capital Advisory, the investment banking division of BMS. DeMuth will report to Romulo Braga, CEO of BMS Capital Advisory. DeMuth brings 15 years’ experience […]

Apr

2019

Stephen Catlin and Paul Brand launch Convex Group with $1.8bn initial capital – a specialty insurer and reinsurer focused on complex risks

Posted on 30th April 2019 by Mazin Shammas and has No comment

Insurance industry experts Stephen Catlin and Paul Brand today unveil their international specialty insurer and reinsurer, Convex Group Limited (“Convex”). Convex launches with $1.8bn of initial committed capital and will draw down $1.6bn to commence business; it will have access to further capital as the business […]

Apr

2019

Canopius opens office in Australia

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

Canopius today announces it will launch an office in Sydney, Australia as part of its ongoing commitment to expand in the Asia Pacific region. Subject to regulatory approval, the local entity will open to underwrite business in time for the 30th June renewal season. The Sydney […]

Apr

2019

Argo Seguros appoints Newton Queiroz as CEO

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

Argo Seguros, the Brazilian underwriter of specialty insurance and reinsurance products and a member of Argo Group (NYSE: ARGO), today announced the appointment of Newton Queiroz as CEO, effective May 1, 2019. Queiroz will report to Jorge Cazar, head of Latin America at Argo Group. “Argo […]

Apr

2019

Pro to acquire Vibe MGA Management Ltd.

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

Pro Global Insurance Solutions (Pro), the (re)insurance outsourcing and consultancy specialists, today announces it has signed a sale and purchase agreement to acquire Vibe MGA Management Ltd (VibeMM), the MGA incubator business of Vibe UK Holdings, the owner of Lloyd’s managing agent Vibe Syndicate Management (VibeSM). […]

Apr

2019

Argo Group appoints Tony Cicio as new head of HR

Posted on 23rd April 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 appointment of Tony Cicio as chief human resources officer. He will report to Argo Group CEO Mark E. Watson III. “Our longstanding commitment to invest in our […]

Apr

2019

Willis Re finds total reinsurance dedicated capital was down 5% at year-end 2018

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

Total capital dedicated to the global reinsurance industry measured USD 462 billion at year-end 2018. The largest component of this figure is the total shareholders’ equity of the 32 reinsurance companies tracked in the Willis Reinsurance Index which was down 10% to USD 335.7 billion, reversing […]

Apr

2019

Canopius and AmTrust Lloyd’s merger agreement signed

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

Canopius AG (“Canopius”) today announces the signing of the definitive sale and purchase agreement that will see the merger of its Lloyd’s business with that of AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, expected in Q3 2019, the transaction […]

Apr

2019

Stephen Mathews joins Capsicum Re’s Mortgage Indemnity Reinsurance division

Posted on 17th April 2019 by Mazin Shammas and has No comment

Capsicum Re, the specialist reinsurance broker, is pleased to announce the appointment of Stephen Mathews to its market leading Mortgage Indemnity Reinsurance division. Mathews is based in Capsicum Re’s New York office and is heading up the division’s global analytics capability. He reports to Steven Rance, […]

Apr

2019

‘Talent & tech’ key to delivering world-class claims service, LMA report finds

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

The Lloyd’s Market Association (LMA) and PwC today published a report, following engagement with London market carriers, on the transformation of their claims departments. The report, entitled Claims Workforce of the Future – London Market, found that while high-calibre technical claims handling skills are prevalent, a […]

Apr

2019

Tokio Marine Kiln adds new A&H team

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

Tokio Marine Kiln (TMK) is delighted to announce that David Robotham has recently joined the company as the Divisional Head of Accident & Health Insurance, reporting to Holly Strettle (Departmental Head of Accident, Contingency & Equine). Robotham – a leader in the specialist Lloyd’s A&H market […]

Apr

2019

Third Point Reinsurance Ltd. grows its specialty treaty division with two hires

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

Third Point Reinsurance Ltd. (NYSE: TPRE) (“Third Point Re” or the “Company”) today announces two appointments to its Specialty Treaty division. Rachael Afford and Melanie Lopes have joined as Vice President and Underwriter respectively. Both report to Tracey Gibbons, head of Specialty Reinsurance. Dan Malloy, CEO […]

Apr

2019

Third Point Reinsurance Ltd. expands specialty treaty division with the appointment of Tracey Gibbons

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

Third Point Reinsurance Ltd. (NYSE: TPRE) (“Third Point Re” or the “Company”) announces that it has hired Tracey Gibbons to lead its specialty treaty portfolio. The portfolio will initially include workers compensation catastrophe, PA/Life catastrophe and other niche lines of business including, but not limited to, […]

Apr

2019

Ariel Re strengthens marine & energy operations with appointment of David Martin

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

Ariel Re, a member of Argo Group (NYSE: ARGO), today announced the appointment of David Martin as head of marine & energy, reinsurance, effective immediately. He will report to Matthew Wilken, deputy global head of reinsurance at Ariel Re. Martin will work closely alongside Emily Leitch, […]

Apr

2019

Tokio Marine Kiln appoints head of reinsurance

Posted on 3rd April 2019 by Mazin Shammas and has No comment

Tokio Marine Kiln (TMK) today announces the appointment of Will Curran as the new head of reinsurance with effect from 1 April 2019. Curran succeeds David Huckstepp who is leaving TMK on a planned break from the sector. Curran began his career at Lloyd’s in 1996 […]

Apr

2019

Beach continues to expand its wholesale capabilities in London

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

Beach & Associates (“Beach” or “the Company”) is pleased to announce two hires to its wholesale operation in London. Nick Fearon and Lee Bonnet have joined from Miller Insurance Services and Marsh respectively to help grow the Beach Wholesale and Delegated Authority teams. These appointments follow […]

Apr

2019

Jack Smith joins Advent Insurance Management as head of operations

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

Paul Bermingham becomes MD, as Jerry McArthur steps up to chairman Advent Insurance Management (Advent), the insurTech-led Lloyd’s & London market service provider, has appointed Jack Smith to the newly created role of head of operations, effective immediately. Smith brings over 35 years of insurance-market experience […]

Apr

2019

Rational 1.4 pricing highlights reinsurance market’s stability and maturity: Willis Re 1st View

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

Reinsurers have adopted a rational rating approach at the 1 April 2019 renewal with price increases of up to 25% targeted towards loss-affected contracts and programmes. These rate increases were balanced by flat renewals for loss-free classes and programmes, according to the latest 1st View renewals […]

Apr

2019

Ed boosts Credit, Political Risks and Surety Solutions team in Singapore with appointment of Abhishek Chhajer

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

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Abhishek Chhajer as head of credit, political risks and surety solutions, Asia Pacific. He takes up his role on 1st April. He will report to Stephen Britten CEO of Asia Pacific and will […]

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