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26
Feb
2019
Pool Re places the world’s first-ever terrorism cat bond
Posted on 26th February 2019  By Mazin Shammas  and has No comment

Pool Re, Britain’s state-backed terrorism reinsurer, has broken new ground with its placement of a GBP £75 million catastrophe bond. Issued through a special-purpose vehicle, Baltic PCC Ltd., the bond is the first-ever insurance-linked securities (ILS) contract to cover terrorism risk exclusively, and only the second […]

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25
Feb
2019
Global growth spurs strong 2019 P&I renewals for Skuld
Posted on 25th February 2019  By Mazin Shammas  and has No comment

Skuld, a leading marine insurance provider, today announces a positive outcome from renewals with a 4.3% net increase in mutual P&I gross tonnage year-on-year from 2018 to 2019, including committed tonnage for delivery throughout 2019. Completing on 20 February 2019, Skuld’s committed mutual P&I tonnage now […]

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25
Feb
2019
Willis Towers Watson: InsurTech investment by re/insurers rises as new tools are developed to manage cyber risk
Posted on 25th February 2019  By Mazin Shammas  and has No comment

Sixty-three InsurTech deals with a total value of $1.59 billion were announced world-wide in Q4, 2018, up 24% and 155% respectively over Q4, 2017. The total, including all-stage investments in property/casualty and life & health ventures, is the second-highest ever behind the exceptional second quarter of […]

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21
Feb
2019
THB announces new CFO and senior board appointments
Posted on 21st February 2019  By Mazin Shammas  and has No comment

THB Group, the specialist insurance and reinsurance broker which just celebrated its 50th birthday, today announces four senior board appointments. Kay Smith joins THB as group chief financial officer, taking over from Rob Wilkinson, who transitions to commercial director. Kay has held a number of senior […]

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20
Feb
2019
LMA welcomes FCA’s wholesale broker market findings
Posted on 20th February 2019  By Mazin Shammas  and has No comment

The LMA welcomes the findings of the FCA’s review into the wholesale insurance broker market and the fact that it is final, therefore minimising any ongoing regulatory burden on insurers. Sheila Cameron, LMA CEO said: “We are actively pursuing technological advancements such as PPL which should […]

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20
Feb
2019
Willis Re launches Agriculture team in Asia Pacific and appoints David Gregori as Head of Agriculture for the region
Posted on 20th February 2019  By Mazin Shammas  and has No comment

Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company (NASDAQ:WLTW), announced today the appointment of David Gregori as Head of Agriculture for Asia Pacific and the set-up of its Agriculture team for the region. Based in Hong Kong, […]

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19
Feb
2019
Preservation Capital invests to build MGA powerhouse
Posted on 19th February 2019  By Mazin Shammas  and has No comment

Preservation Capital Partners (“Preservation Capital”), the financial services-focused private equity firm which last year acquired an interest in the insurTech-driven cyber and specialty lines MGA Ascent Underwriting (“Ascent”), has made a strategic investment in US construction-focused MGA Cove Programs (“Cove”). Together the business will manage in […]

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18
Feb
2019
Antares appoints Joe Battle as Chief Executive Officer
Posted on 18th February 2019  By Mazin Shammas  and has No comment

Antares the Lloyd’s Managing Agency and member of the QIC Group today announces the appointment of Jonathan (Joe) Battle current Active Underwriter as Chief Executive Officer (subject to necessary regulatory approvals). Stephen Redmond, current Managing Director of Antares, has been appointed to the newly created role […]

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15
Feb
2019
Tokio Marine Kiln announces latest Lloyd’s syndicate results and forecasts
Posted on 15th February 2019  By Mazin Shammas  and has No comment

Highlights Syndicates 510 and 557 each delivered profits on the 2016 year of account The 2017 year of account forecast for Syndicates 510 and 557 reflects the US hurricane losses Syndicate 308 is loss making on both the 2016 and 2017 years of account, with the […]

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14
Feb
2019
POP announces strategic partnership with Rakuten
Posted on 14th February 2019  By Mazin Shammas  and has No comment

POP Insurance Holdings (“POP”), a specialist insurance group, headquartered in Sydney, Australia, and its subsidiary Fusion Specialty M&A MGA (“Fusion M&A”), have launched a strategic partnership (“the Partnership”) with Rakuten General Insurance Co. Ltd (“Rakuten”), focused on mergers and acquisitions transactions in Japan, and supporting Rakuten’s […]

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13
Feb
2019
Pioneer appoints Andrew Corton as a project cargo underwriter
Posted on 13th February 2019  By Mazin Shammas  and has No comment

Pioneer Underwriters (“Pioneer”) today announces that it has appointed Andrew Corton as a project cargo underwriter, effective 1st March. Corton will be based in London and will report to Brook Styles, underwriter in marine specialty, and will underwrite project cargo and specialist cargo risks as well […]

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12
Feb
2019
Firms better protected against terrorism: Royal Assent for bill allowing Pool Re to cover non-damage business interruption
Posted on 12th February 2019  By Mazin Shammas  and has No comment

Pool Re today welcomed Royal Assent being given to the Counter-Terrorism and Border Security Bill 2018 which will allow Pool Re to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before the […]

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12
Feb
2019
Agile appointed as StarStone partner across Australasia
Posted on 12th February 2019  By Mazin Shammas  and has No comment

Agile Underwriting Services Pty Ltd (“Agile”), the InsureTech-driven underwriting agency, today announced that it has been appointed as a representative agent for global specialty insurer, StarStone in Australia and New Zealand. Agile has been a strategic partner since StarStone launched its Australian underwriting capability in 2016.  […]

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8
Feb
2019
Channel appoints Nick Forti as Active Underwriter
Posted on 8th February 2019  By Mazin Shammas  and has No comment

Channel Syndicate 2015 at Lloyd’s (“Channel”) is pleased to announce the appointment of Nick Forti as Active Underwriter, subject to regulatory approval. He will begin this role on 19th March and will report to Stuart McMurdo, CEO of Channel. Tom Corfield remains Chief Underwriting Officer of […]

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7
Feb
2019
Ed appoints Laura Skaanild to Professional & Executive Risk Team
Posted on 7th February 2019  By Mazin Shammas  and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Laura Skaanild as Client Director, Professional and Executive Risk. She will report to Paul Richards, Managing Director of Professional and Executive Risk. Laura will focus on managing and developing Ed’s client base in […]

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6
Feb
2019
LMA CEO Cameron sets out vision for a ‘seamless digital marketplace’
Posted on 6th February 2019  By Mazin Shammas  and has No comment

LMA chief executive Sheila Cameron has called for the creation of a digital re/insurance marketplace in London where processing tasks are linked seamlessly from end to end, from proposal to claims, freeing market experts to concentrate on adding genuine value for customers. Cameron said: “Our goal […]

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31
Jan
2019
elseco acquires MGA Malakite and Zurich-based airlines & products portfolio from StarStone
Posted on 31st January 2019  By Mazin Shammas  and has No comment

elseco, the high-tech specialty underwriting platform, has entered into an agreement with global specialty insurer StarStone to acquire its Dubai-based MGA, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio. Under a new strategic partnership arrangement, StarStone will continue to […]

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31
Jan
2019
Pioneer creates single global platform for Financial Institutions
Posted on 31st January 2019  By Mazin Shammas  and has No comment

Pioneer Underwriters (“Pioneer”) today announces it has unified its Financial Institutions (FI) businesses into one overarching global underwriting operation.  Richard Coello leads the global FI team which will be responsible for all FI business written by Pioneer, utilizing the same capital base to write business from […]

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31
Jan
2019
THB completes leadership transition in European division
Posted on 31st January 2019  By Mazin Shammas  and has No comment

THB, the specialist insurance and reinsurance broker, today confirms the completion of its THB Europe leadership transition. Joaquim Caria, who has been facilitating a smooth transfer of responsibility to managing director Ricardo Borges since his appointment in August, retires today after more than 40 years in […]

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29
Jan
2019
Willis Re: ILS growth to $93bn in 2018 bodes well for a continued healthy market
Posted on 29th January 2019  By Mazin Shammas  and has No comment

Growth of the ILS market continued in 2018, to reach $93 billion of outstanding non-life capital, despite a slow-down during the final quarter of the year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson, the leading global […]

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