Announcement ‹ Press Releases

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

Sep

2018

Pioneer strengthens political violence offering with appointment of Mark Kelsey

Posted on 20th September 2018 by Gavin Warren and has No comment

Pioneer Underwriters (‘Pioneer’) is pleased to announce the appointment of Mark Kelsey as an underwriter in the Pioneer Political Violence team. Kelsey has nine years of experience in the specialty political violence space and joins from Advent Underwriting, where he was a terrorism and political violence […]

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’ […]

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, […]

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 […]

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 […]

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 […]

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 […]

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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