Announcement ‹ Press Releases

Jun

2018

Capsicum Re second white paper addresses ‘silent’ cyber

Posted on 12th June 2018 by Mazin Shammas and has No comment

Capsicum Re, the specialist reinsurance broker, is today launching its second cyber report, ‘Are we heading towards Property, Casualty & Cyber (PC&C)?’. This report considers the way the cyber market is likely to evolve, and a natural path it may follow to join property and casualty […]

Jun

2018

ArgoGlobal strengthens Credit and Political Risk offering with appointment of Daniel Byrne

Posted on 12th June 2018 by Mazin Shammas and has No comment

ArgoGlobal, the Lloyd’s insurer and member of Argo Group International Holdings, Ltd. (NYSE: ARGO), today announced the appointment of Daniel Byrne as credit and political risk underwriter. Byrne takes up his role with immediate effect and will report to Jeremy Shallow, credit and political risks class […]

Jun

2018

Alesco looks to Middle East and Africa expansion with hire of Nadim Semaan

Posted on 12th June 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 Nadim Semaan, as a Partner. Nadim will join Alesco in July 2018 and report to Simon Clarkson, Managing Partner. This newly created role will see Nadim work […]

Jun

2018

AmWINS’ MGA Unicorn launches SME division with dual appointments

Posted on 11th June 2018 by Mazin Shammas and has No comment

US-based global broker AmWINS Group, Inc. (“AmWINS”) today announces the launch of an SME division within its London-based managing general agent Unicorn Underwriting (“Unicorn”). As part of the launch, Kevin Hawkins and Richard Ellis have joined as UK SME underwriting director and UK SME pricing director, […]

Jun

2018

Argo Group launches Construction Business Unit

Posted on 11th June 2018 by Mazin Shammas and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced it is establishing Argo Construction as a stand-alone underwriting business to pursue the growing construction sector. Jim Cornwell, senior vice president, will lead this new operation. “The construction sector […]

Jun

2018

Zurich-based Hesse & Partner AG joins forces with global insurance broker and risk management services firm Gallagher

Posted on 11th June 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management services and consulting firm Gallagher has expanded its speciality broking capabilities and broadened its footprint in continental Europe by acquiring a 65% stake in specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH (“Hesse”). Terms of the transaction were […]

Jun

2018

Argo appoints Katie Partington Howarth to Group Head of Ceded Reinsurance

Posted on 8th June 2018 by Mazin Shammas and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced the appointment of Katie Partington Howarth to serve as the group head of ceded reinsurance, effective immediately. In this role, she will lead strategy and implementation of the company’s […]

Jun

2018

Neon continues to expand Bermuda operation

Posted on 8th June 2018 by Mazin Shammas and has No comment

Stephanie Outerbridge appointed assistant vice president – property insurance Roy Fellowes made non-executive director Neon Bermuda is pleased to announce the appointments of Roy Fellowes and Stephanie Outerbridge, effective immediately. Roy Fellowes joins as non-executive director, taking over from Gavin Hunter who is relocating from the […]

Jun

2018

Argo Group rebrands Ariscom to ArgoGlobal Assicurazioni S.p.A.

Posted on 5th June 2018 by Mazin Shammas and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced the rebranding of subsidiary Ariscom to ArgoGlobal Assicurazioni S.p.A. following the recent acquisition by Argo Group in March 2018. As announced in April 2018, Giovanni Tucci serves as Managing […]

Jun

2018

Ascent strengthens senior team with CFO hire

Posted on 5th June 2018 by Mazin Shammas and has No comment

Ascent Underwriting today announces the appointment of Rob Harden as chief financial officer, subject to regulatory approval. Harden brings over 20 years of experience in the Lloyd’s and London markets, and joins from the Lloyd’s business of Canopius Group where he was finance director. Having started his […]

Jun

2018

Fidelis launches Socium ILS Sidecar

Posted on 4th June 2018 by Mazin Shammas and has No comment

Fidelis Insurance Holdings Limited (“Fidelis”) today announced that a new Bermuda-domiciled special purpose insurer, Socium Re Limited (“Socium”), has been launched to provide collateralised capacity support for Fidelis’ reinsurance portfolio. Socium has entered into a quota share agreement with Fidelis, incepting 1 June 2018, under which […]

Jun

2018

Capsicum Re extends cyber presence to New York

Posted on 4th June 2018 by Mazin Shammas and has No comment

Capsicum Re, the specialist reinsurance broker, is pleased to announce the launch of its New York cyber hub. Led by Patrick Bousfield, who has been promoted to Executive Director, the unit opened for business on 01 June. Bousfield will report to Ian Newman, Global Head of […]

May

2018

Canopius hires Stephan Ott as head of Continental Europe, reinsurance

Posted on 24th May 2018 by Mazin Shammas and has No comment

Canopius today announces the appointment of Stephan Ott as its new head for Continental Europe, reinsurance. Ott was most recently chief underwriting officer for Emirates Re and has held various senior underwriting positions in his career, particularly in Germany and the Middle East. Jamie Wakeling, chief […]

May

2018

Gallagher Hires Marketing and Communications Executive Alison Bain

Posted on 23rd May 2018 by Mazin Shammas and has No comment

Gallagher Positions Itself for Future Regional Growth by Bolstering Marketing and Communications Function Gallagher today announced that Alison Bain has joined the company as its Head of Marketing and Communications for Europe, Middle East and Africa (EMEA), in a new role based in London. “Alison and her […]

May

2018

Neon appoints group underwriting director

Posted on 23rd May 2018 by Mazin Shammas and has No comment

Neon is delighted to announce that Theo Butt will be joining on 14th September this year in the newly created role of group underwriting director for Neon Holdings Limited. Theo will report to Martin Reith, group chief executive. Theo joins Neon from Ascot Underwriting where he […]

May

2018

Hawkins to join Compre as COO

Posted on 11th May 2018 by Mazin Shammas and has No comment

Compre, the independent legacy acquirer, today announces that Simon Hawkins will join as chief operating officer of the group in quarter three 2018, subject to regulatory approval. Hawkins brings over 20 years of legacy-sector experience, which will support Compre’s ambition of achieving further strong, sustained growth. […]

May

2018

15 consecutive years of positive underwriting results as Skuld launches members’ performance bonus

Posted on 11th May 2018 by Mazin Shammas and has No comment

Skuld, a leading marine insurance provider, today announces a positive bottom line result of USD 58 million (USD 51 million in 2016 before members’ credit) for its 2017 financial year ending 20 February 2018, as well as a total combined ratio of 97%. Gross earned premium […]

May

2018

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

Posted on 10th May 2018 by Mazin Shammas and has No comment

Highlights Syndicates 510 and 557 have shown small improvements on the 2016 year of account following a benign quarter Syndicates 510 and 557 remain forecasting a loss for the 2017 year of account reflecting the US hurricane losses Syndicate 308 is loss making on both 2016 […]

May

2018

Pen Underwriting creates first cornerstone capacity placement as virtual insurer evolution continues

Posted on 10th May 2018 by Mazin Shammas and has No comment

Pen Underwriting has completed the next phase of its strategic development as a virtual insurer by consolidating 15 UK household and SME portfolios into a five-year, £550 million, single quota share arrangement led by Legal & General. This cornerstone placement will provide capacity for £110m of […]

May

2018

Gallagher acquires UK regional commercial insurance broker Risk Services (NW) Ltd

Posted on 9th May 2018 by Mazin Shammas and has No comment

Gallagher today announces the acquisition of regional commercial insurance broker Risk Services (NW) Ltd (‘Risk Services’) based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by Managing Director Steve Lowe to deliver tailor-made cost-effective solutions for corporate and commercial […]

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