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8
Oct
2018
Reputation, enhancing delegated authority claims and automation ‘top priorities’, LMA survey reveals
Posted on 8th October 2018  By Mazin Shammas  and has No comment

Brand reputation, automation and straight-through processing are the top three priorities of claims leaders in the Lloyd’s market, a survey commissioned by the Lloyd’s Market Association (LMA) reveals. The research provides a comprehensive picture of the concerns, opinions, and priorities of the market’s most senior claims […]

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2
Oct
2018
Canopius appoints Nattakorn Wattanaumphaipong Head Of Reinsurance Asia Pacific
Posted on 2nd October 2018  By Mazin Shammas  and has No comment

Canopius today announces the appointment of Nattakorn Wattanaumphaipong (‘Natt’) as head of reinsurance Asia Pacific.  He will join the Canopius Singapore office in January 2019 and report to Jamie Wakeling, CUO reinsurance. Natt joins from Swiss Re where he has held multiple senior roles over a […]

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2
Oct
2018
Ascent appoints Caspar Stops as head of cyber
Posted on 2nd October 2018  By Mazin Shammas  and has No comment

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announces the appointment of Caspar Stops as head of cyber. Stops, who will take up the role at the end of November, joins from Brit where he held the position of global cyber, privacy and technology […]

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27
Sep
2018
AXIS Recognized as GCHQ Certified Training (“GCT”) Provider
Posted on 27th September 2018  By Mazin Shammas  and has No comment

AXIS Specialty UK Holdings Limited announced today it has been certified as a GCHQ Certified Training provider for its course “Understanding Cybersecurity and Insurance.” AXIS offers GCHQ Certified Training and related resources to insureds and brokers through the AXIS Cyber Center of Excellence, a global resource […]

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25
Sep
2018
Alesco bolsters upstream offering with senior technical hire
Posted on 25th September 2018  By Mazin Shammas  and has No comment

Alesco Risk Management Services (Alesco) – the specialist insurance and risk management broker – today announces the appointment of Steve Dewey as Executive Partner in its energy division. Steve will join the business early next year and focus on upstream business, primarily in the US, reporting […]

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24
Sep
2018
Pioneer appoints Andrew McMellin as CEO, Dane Douetil becomes Chairman
Posted on 24th September 2018  By Mazin Shammas  and has No comment

Pioneer Underwriters (“Pioneer”) is pleased to announce the appointment of Andrew McMellin as chief executive officer, effective 8th October 2018 and pending regulatory approval. Dane Douetil, CEO of Pioneer’s parent company, Minova Insurance Holdings Ltd., and currently CEO at Pioneer, will become chairman of the business. […]

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14
Sep
2018
Fidelis restructures to support Four Pillar Strategy
Posted on 14th September 2018  By Mazin Shammas  and has No comment

Fidelis Insurance Holdings Limited (the “Company” or “Fidelis”) is pleased to announce a restructuring of its business to deliver enhanced focus and execution.  Richard Brindle, Chairman and Group CEO, will reassume the additional role of Group Chief Underwriting Officer leading the underwriting across four pillars.  Fidelis’ […]

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13
Sep
2018
China Re announces acquisition of Chaucer Group
Posted on 13th September 2018  By Mazin Shammas  and has No comment

China Reinsurance (Group) Corporation (“China Re”) has agreed to acquire Chaucer Group from Hanover Insurance Group Inc. for a consideration of US$865m. The transaction comprises Hanover Insurance International Holdings Ltd, Chaucer Insurance Company DAC and Hanover Australia HoldCo Pty Ltd and is subject to shareholder and […]

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11
Sep
2018
Colony Specialty appoints Jeff Canfield to Lead Casualty Business
Posted on 11th September 2018  By Mazin Shammas  and has No comment

Colony Specialty, member of Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced the appointment of Jeff Canfield to serve as head of Casualty, effective immediately. Canfield succeeds Jim Cornwell, who now serves as SVP of Argo Construction, […]

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10
Sep
2018
Lancashire Holdings Limited – planned underwriting and actuarial changes
Posted on 10th September 2018  By Mazin Shammas  and has No comment

Lancashire Holdings Limited (“LHL”) has today announced the appointment of James Irvine as the Chief Underwriting Officer for Lancashire Insurance Company Limited in Bermuda (“LICL”) with effect from 1 October 2018 (subject to immigration and regulatory approvals). LHL has also today announced the appointment of Ben […]

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10
Sep
2018
BMS Group’s Australian wholesale operation rebrands as Lions Gate Placement Services
Posted on 10th September 2018  By Mazin Shammas  and has No comment

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces that its Australian wholesale broking operation has rebranded to Lions Gate Placement Services (“Lions Gate”), to mirror BMS Group’s wholesale underwriting agency Lions Gate Underwriting. Lions Gate is led by Brett Field and […]

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7
Sep
2018
Skuld reports positive 2018 half-year result
Posted on 7th September 2018  By Mazin Shammas  and has No comment

Skuld, a leading marine insurance provider, today announces a positive result for the first six months of the 2018/19 policy year. Skuld reports a bottom-line result of USD 14 million compared with USD 8 million at the half year in 2017. The result is mainly derived […]

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6
Sep
2018
Underlying Return on Equity deteriorates at H1 2018: Willis Re Reinsurance Market Report
Posted on 6th September 2018  By Mazin Shammas  and has No comment

Shareholders’ equity in 34 reinsurance companies tracked in the Willis Reinsurance Index[1] totalled $364.9 billion, a 1.6% decrease from $371 billion at year-end 2017. The decrease occurred despite an improvement in net income of nearly 75% to $14.5 billion, largely due to lower natural catastrophe losses […]

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5
Sep
2018
TMK and Covered Insurance launch the market’s first ‘On Demand’ aviation insurance product for manned aircraft
Posted on 5th September 2018  By Mazin Shammas  and has No comment

Tokio Marine Kiln (TMK) today announced the launch of FlyCovered; the market’s first on demand aviation product for manned aircraft. TMK has worked closely with InsurTech leaders Covered Insurance, which built the online FlyCovered platform, through which policies will be offered via coverholder 3XD. All capacity […]

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4
Sep
2018
THB appoints senior aviation broker in further extension of ambitious growth strategy
Posted on 4th September 2018  By Mazin Shammas  and has No comment

THB, the specialist insurance and reinsurance broker, today announces the appointment of Matthew Gould as senior broker for its aviation team, effective immediately and reporting to Tom Thompson, THB’s director of aviation. The appointment follows the new multi-sector UK strategy announced last week by Darren Nightingale, […]

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4
Sep
2018
Ed bolsters Actuarial team with the appointments of James Francis and Laura Baird
Posted on 4th September 2018  By Mazin Shammas  and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointments of James Francis and Laura Baird to its actuarial team. Francis brings more than a decade of industry experience to Ed, particularly in the areas of capital modelling, reinsurance analytics, as well as expertise […]

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3
Sep
2018
Tokio Marine appoints global head of cyber risk
Posted on 3rd September 2018  By Mazin Shammas  and has No comment

Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly-created post of global head of cyber risk.  Barn – who will be based in London – joins from Munich Re and is an industry leader in cyber insurance and cyber risk, […]

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31
Aug
2018
Canopius signs partnership with Anvil Underwriting Ltd
Posted on 31st August 2018  By Mazin Shammas  and has No comment

Canopius today announces that it has signed a partnership with Anvil Underwriting Ltd (Anvil) a credit and political risk MGA. The agreement is effective from 3rd September and will allow Anvil to underwrite credit insurance, contract frustration and political risks on behalf of Canopius. Through its […]

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30
Aug
2018
New professional body for global Marine Warranty Surveyors
Posted on 30th August 2018  By Mazin Shammas  and has No comment

The Society of Offshore Marine Warranty Surveyors (SOMWS), a new professional body for individuals in this specialist field, is to launch on 18 September. This follows work by London’s Joint Rig Committee (JRC) to standardise insurers’ approach to the appointment of marine warranty surveyors (MWS), and […]

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23
Aug
2018
Beat Capital Partners and Paraline UK to merge
Posted on 23rd August 2018  By Mazin Shammas  and has No comment

Beat Capital Partners (“Beat”) and Paraline UK are pleased to announce that they are to merge to enhance and further build Beat’s platform to support independent underwriting businesses.  As a result of this merger, Paraline Group, a Bermuda-based insurance holding company, will join Neon Holdings Ltd. […]

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