August ‹ 2019 ‹ Press Releases

Aug

2019

Willis Re: Silent-cyber claims expectations decline across insurance lines and industry groups

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

The insurance sector is considerably less concerned about silent cyber exposures than it was in 2018. The finding applies to all commercial lines of business and industry groups, according to 2019 Silent Cyber Risk Outlook, the annual global survey by Willis Re, the reinsurance division of […]

Aug

2019

DARAG appoints James Insley as CFO

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

DARAG, the leading legacy acquirer, today announces that James Insley has joined DARAG as Group CFO, reporting to Tom Booth, CEO, pending regulatory approval. The appointment is effective September 2, 2019. James Halley, current Group CFO, who during his time at DARAG assisted the completion of […]

Aug

2019

Argo Group awards $10,000 “Sea Change” scholarship to St. John’s University student – awarded to a female student to encourage diversity in insurance

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

Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or the “Company”) today announced that it has awarded a $10,000-scholarship to Mi Pham, a rising senior at St. John’s University’s School of Risk Management, Insurance and Actuarial Science in New York City. Pham, a Risk Management and […]

Aug

2019

ArgoGlobal’s David Harris announces retirement – continues as strategic advisor through March 2020

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

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced David Harris will retire from his executive responsibilities in March of 2020. Until that time, he will continue with the company working on a number of strategic initiatives. With more than 35 years of insurance […]

Aug

2019

Third Point Reinsurance Ltd. sponsors St John Ambulance at Bermuda Pride Parade

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

Third Point Reinsurance Ltd. (NYSE: TPRE) (“TPRE” or the “Company”) today announced it will sponsor the St John Ambulance service at this year’s Bermuda Pride. “The theme of this year’s Bermuda Pride is “We Belong”, which echoes Third Point Re’s initiative to foster a progressive and […]

Aug

2019

Globe Underwriting builds engineering portfolio with hire of Peter Rossell

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

Globe Underwriting, the UK based managing general agent, today announced the appointment of Peter Rossell as Head of Engineering Underwriting. As part of its strategy to broaden its offering to clients, Globe is building up an engineering portfolio that will focus on construction and operational power […]

Aug

2019

Arturo deep-learning property analytics to enhance Canopius risk selection

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

Arturo, the artificial intelligence and deep-learning property analytics start-up, today announces it has entered into a partnership with UK-based global specialty (re)insurer Canopius AG (“Canopius”). Arturo’s deep-learning property analysis capability will be integrated into Canopius, providing physical property characteristic and predictive analytics, enabling more informed and differentiated […]

Aug

2019

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

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

Highlights Resubmitted 2019 Syndicate Business Forecast approved by Lloyd’s, recognising improving market conditions Forecast losses for Syndicates 510 and 557 for the 2017 and 2018 years of account reduce as catastrophe reserving position improves during the first half Tokio Marine Kiln Syndicates Limited today released updated […]

Aug

2019

Communications & Marketing specialist Caroline Klein joins Haggie Partners

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

Haggie Partners, one of the UK’s leading communications agencies in the financial services sector, has appointed Caroline Klein, as a director in its PR division. She takes up this role with immediate effect. Klein joins from PPL (Placing Platform Limited), the London insurance market’s e-placing platform, […]

Aug

2019

Willis Towers Watson: ILS market slow to return to normal

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

The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, with just below $1.7 billion of non-life ILS capacity issued through 11 cat bonds, down from $6.2 billion and $4.0 billion in Q2 2017 and 2018 respectively. That made the recent quarter the […]

Aug

2019

Fidelis appoints Dublin CEO and CUO

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

Fidelis Insurance (“Fidelis”) is pleased to announce the promotion of Simon Crone to the position of Chief Underwriting Officer of Fidelis Insurance Ireland DAC (“FIID”). He takes up this role with immediate effect and will report to Robert Kelly, who was recently appointed Chief Executive Officer […]

Aug

2019

Ed enhances Asia Pacific capabilities with appointment of David Lim

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

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of David Lim as CEO of Retail (Singapore) and Head of Marine (Asia Pacific). He takes up his role with immediate effect and will be based in Singapore. David will report to Stephen Britten, […]

Aug

2019

DARAG consolidates German business with SOVAG deal

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

DARAG Group Limited (“DARAG”), a leading legacy acquirer, today announces it has signed a Portfolio Transfer Agreement with German re/insurer SCHWARZMEER UND OSTSEE Versicherungsaktiengesellschaft (“SOVAG”). The legacy portfolio will be transferred to DARAG’s German risk carrier, DARAG Deutsche Versicherungs- und Ruckversicherungs-AG, subject to regulatory approval from […]

Aug

2019

Oyin Heath to join BGC Insurance Group’s new global aviation broker

Posted on 2nd August 2019 by Mazin Shammas and has No comment

BGC Insurance Group (BGCI), a division of BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced that Oyin Heath will join its newly-formed global aviation and space (re)insurance broker as Senior Partner. Reporting to Marcel Chad, BGCI’s President of Global […]

Aug

2019

Mark Costin to join BGC Insurance Group’s new global aviation broker

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

BGC Insurance Group (BGCI), a division of BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced that Mark Costin will join its new global aviation and space (re)insurance broker as Senior Partner. Costin joins Philip Smaje and Marcel Chad as […]

Aug

2019

EC3 Brokers enhances UK contingency and entertainment division

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

EC3 Brokers announces the expansion of its UK contingency and entertainment division, with the appointments of Rick Inglessis as entertainment development executive, Sheryl Harta as senior account handler and Caroline Taylor as operations manager. All three joined last month and will report to Charlie Connell, head of […]

Aug

2019

SOBC DARAG launches Bermuda office with senior appointments

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

SOBC DARAG today announces the launch of its new office in Bermuda in a significant expansion of its US and Bermudian operations. SOBC DARAG’s new Bermudian subsidiary will be fully operational from August 1. The Bermuda team will provide a full suite of finality solutions to […]