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7
Nov
2018
Gallagher acquires majority stake in specialist UK property owners broker Vasek Insurance
Posted on 7th November 2018  By Mazin Shammas  and has No comment

Global insurance broker, risk management and consulting firm Gallagher today announced that is has acquired a controlling interest in Purple Bridge Group Limited — the holding company of UK specialist property insurance provider Vasek Insurance Services Limited (“Vasek”). The deal includes Vasek’s appointed representative Insure My […]

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6
Nov
2018
Willis Re: Record Q3 ILS issuance as trigger preferences evolve
Posted on 6th November 2018  By Mazin Shammas  and has No comment

A record-high $1.6 billion of non-life Insurance-Linked Securities (ILS) capacity was issued in Q3, 2018, highlighting the continued enthusiasm for ILS amongst issuers and investors. The total exceeds the former Q3 record of $1.4 billion achieved in 2013, and is well ahead of the five-year average […]

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5
Nov
2018
SOBC DARAG completes its first US acquisition
Posted on 5th November 2018  By Mazin Shammas  and has No comment

SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist and DARAG, the leading legacy acquirer, is pleased to announce the completion of its first acquisition; Peachtree Casualty Insurance Company (“Peachtree”). The acquisition of Florida-based Peachtree was completed after receipt of Florida Office of […]

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26
Oct
2018
Willis Research Network announces renewed partnership with the Global Earthquake Model Foundation
Posted on 26th October 2018  By Mazin Shammas  and has No comment

The Willis Research Network (WRN) is proud to announce its renewed partnership with the Global Earthquake Model (GEM) Foundation. The agreement represents a continued commitment to working collaboratively in order to develop and promote better understanding of earthquake risk. Karl Jones, Head of Catastrophe Analytics, Willis […]

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25
Oct
2018
Jardine and Stevenson to join Asta board
Posted on 25th October 2018  By Mazin Shammas  and has No comment

Asta, the leading third party managing agent at Lloyd’s, today announces the appointment of Paul Jardine and Bob Stevenson to the board of Asta Managing Agency, as independent non-executive chairman and independent non-executive director respectively. Both appointments are subject to regulatory approval. Jardine joins from AXA […]

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24
Oct
2018
Tokio Marine Kiln reorganises Asian operations
Posted on 24th October 2018  By Mazin Shammas  and has No comment

Tokio Marine Kiln (TMK) today announced a reorganisation of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai.  TMK will be closing its Hong Kong office with immediate effect and making arrangements over the next six months for the orderly […]

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23
Oct
2018
Fidelis expands to Dublin
Posted on 23rd October 2018  By Mazin Shammas  and has No comment

Fidelis Insurance Holdings Limited (the “Company” or “Fidelis”) is pleased to announce the establishment of a regulated (re)insurer in Ireland, Fidelis Insurance Ireland DAC (“FIID”), to take advantage of opportunities in the European Economic Area (“EEA”). On October 22nd, 2018 the Central Bank of Ireland approved […]

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22
Oct
2018
Evolution of Insurance-Linked Securities (ILS) as an established asset class continues its momentum while facing next stage of development
Posted on 22nd October 2018  By Mazin Shammas  and has No comment

End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity with a view that reinsurance products backed by ‘alternative’ capital have become mainstream, according to a new Global ILS Market Survey by Willis Towers Watson (NASDAQ: […]

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22
Oct
2018
Canopius appointments to drive AsiaPac expansion
Posted on 22nd October 2018  By Mazin Shammas  and has No comment

Canopius today announces the latest in a series of key appointments that support its continued expansion across the Asia Pacific region, building on the solid base already achieved over the 10 years since its Singapore office opened. Canopius’s regional proposition has been strengthened with the appointments […]

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22
Oct
2018
Ed licenses URS Risk Explorer to offer clients sharper insights
Posted on 22nd October 2018  By Mazin Shammas  and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced it has licensed Ultimate Risk Solutions’ (URS) financial risk modelling software to help design bespoke risk mitigation solutions for its clients. The analytical power of URS’ Risk Explorer will allow Ed to model its clients’ portfolios […]

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18
Oct
2018
New Nordic Advisors subsidiary Qudos Insurance suspends live underwriting
Posted on 18th October 2018  By Mazin Shammas  and has No comment

New Nordic Advisors, the advisor to New Nordic Holding Ltd (“New Nordic”), the financial services-focused investment management company, today announced that its wholly-owned subsidiary Qudos Insurance (“Qudos”) will cease to underwrite new business with immediate effect, pending a restructuring of the business. New Nordic will continue […]

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18
Oct
2018
Gallagher acquires South Coast-based UK commercial insurance broker Portmore
Posted on 18th October 2018  By Mazin Shammas  and has No comment

Global insurance broker, risk management services and consulting firm Gallagher today announces the acquisition of Portmore Insurance Brokers Limited and Portmore Insurance Brokers (Wiltshire) Limited (“Portmore”) in the UK. Terms of the transaction were not disclosed. Based in Southampton, Portmore was established in 2006 as a […]

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17
Oct
2018
StarStone Group announces appointment of CEO
Posted on 17th October 2018  By Mazin Shammas  and has No comment

StarStone, the global specialty insurer, today announces the appointment of John Hendrickson as Group Chief Executive Officer of StarStone Group, with immediate effect. He succeeds Demian Smith, who resigned in September 2018 after eight years of service. Mr. Hendrickson joins with over 35 years of industry […]

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15
Oct
2018
LMA’s satellite imagery speeds Florence and Michael claims payments
Posted on 15th October 2018  By Mazin Shammas  and has No comment

Lloyd’s managing agents have now begun assessing and paying claims to policyholders affected by hurricanes Florence and Michael, enabled and supported by the LMA’s satellite imagery and intelligence service. The service, now used by all Lloyd’s managing agents, provides ‘ground truth’ in the immediate aftermath of […]

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15
Oct
2018
ArgoGlobal Assicurazioni S.p.A. strengthens broker relationships and enhances distribution with appointment of Marcello Lombardini
Posted on 15th October 2018  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, today announced the appointment of Marcello Lombardini as Distribution and Business Development Director. Joining from Banca IFIS, where he was most recently a Senior Insurance Consultant, […]

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12
Oct
2018
Antares appoints John Taylor as Head of Specialty
Posted on 12th October 2018  By Mazin Shammas  and has No comment

Antares, the Lloyd’s managing agent and member of the QIC Group, today announces the appointment of John Taylor as Head of Specialty.  He will report to the Active Underwriter, Joe Battle and replaces Kieran Oliver, who is retiring from Antares after a distinguished career. Taylor has […]

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11
Oct
2018
International Forum of Terrorism Risk (Re)Insurance Pools convenes 2nd annual conference in Moscow
Posted on 11th October 2018  By Mazin Shammas  and has No comment

The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) today convened its annual conference in Moscow following a series of closed session meetings involving terrorism risk finance experts from across the world. The event brought together senior delegates from the Member Pools and was hosted by […]

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10
Oct
2018
Lloyd’s Market Association appoints Andrew Brooks as next Chairman
Posted on 10th October 2018  By Mazin Shammas  and has No comment

Andrew Brooks, Chief Executive Officer of Ascot Underwriting Ltd., has been appointed the next Chairman of the Lloyd’s Market Association (LMA) with effect from 1 January 2019. Mr Brooks, who has served on the LMA Board as a member since 2012, will succeed Neil Maidment, who […]

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10
Oct
2018
iX Technology Group appoints Sally Coryn as Executive Chairman
Posted on 10th October 2018  By Mazin Shammas  and has No comment

iX Technology Group Ltd, an InsurTech start-up company, today announces the appointment of Sally Coryn as Executive Chairman. Sally was previously Head of Corporate Development at Canopius and brings more than 30 years’ insurance market experience spanning strategy, analysis, investor relations, communications and underwriting to the […]

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9
Oct
2018
ArgoGlobal appoints Michael Scala as Chief Underwriting Officer, Asia Pacific
Posted on 9th October 2018  By Mazin Shammas  and has No comment

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, an international underwriter of specialty insurance and reinsurance, today announced the appointment of Michael Scala as Chief Underwriting Officer, Asia Pacific. Scala will report to Veronica Grigg, Chief Executive Officer, ArgoGlobal Asia. “Mike is a talented leader […]

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