Announcement ‹ Press Releases

Apr

2019

Pro to acquire Vibe MGA Management Ltd.

Posted on 25th April 2019 by Mazin Shammas and has No comment

Pro Global Insurance Solutions (Pro), the (re)insurance outsourcing and consultancy specialists, today announces it has signed a sale and purchase agreement to acquire Vibe MGA Management Ltd (VibeMM), the MGA incubator business of Vibe UK Holdings, the owner of Lloyd’s managing agent Vibe Syndicate Management (VibeSM). […]

Apr

2019

Argo Group appoints Tony Cicio as new head of HR

Posted on 23rd April 2019 by Mazin Shammas and has No comment

Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products, today announced the appointment of Tony Cicio as chief human resources officer. He will report to Argo Group CEO Mark E. Watson III. “Our longstanding commitment to invest in our […]

Apr

2019

Willis Re finds total reinsurance dedicated capital was down 5% at year-end 2018

Posted on 23rd April 2019 by Mazin Shammas and has No comment

Total capital dedicated to the global reinsurance industry measured USD 462 billion at year-end 2018. The largest component of this figure is the total shareholders’ equity of the 32 reinsurance companies tracked in the Willis Reinsurance Index which was down 10% to USD 335.7 billion, reversing […]

Apr

2019

Canopius and AmTrust Lloyd’s merger agreement signed

Posted on 18th April 2019 by Mazin Shammas and has No comment

Canopius AG (“Canopius”) today announces the signing of the definitive sale and purchase agreement that will see the merger of its Lloyd’s business with that of AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, expected in Q3 2019, the transaction […]

Apr

2019

Stephen Mathews joins Capsicum Re’s Mortgage Indemnity Reinsurance division

Posted on 17th April 2019 by Mazin Shammas and has No comment

Capsicum Re, the specialist reinsurance broker, is pleased to announce the appointment of Stephen Mathews to its market leading Mortgage Indemnity Reinsurance division. Mathews is based in Capsicum Re’s New York office and is heading up the division’s global analytics capability. He reports to Steven Rance, […]

Apr

2019

‘Talent & tech’ key to delivering world-class claims service, LMA report finds

Posted on 11th April 2019 by Mazin Shammas and has No comment

The Lloyd’s Market Association (LMA) and PwC today published a report, following engagement with London market carriers, on the transformation of their claims departments. The report, entitled Claims Workforce of the Future – London Market, found that while high-calibre technical claims handling skills are prevalent, a […]

Apr

2019

Tokio Marine Kiln adds new A&H team

Posted on 11th April 2019 by Mazin Shammas and has No comment

Tokio Marine Kiln (TMK) is delighted to announce that David Robotham has recently joined the company as the Divisional Head of Accident & Health Insurance, reporting to Holly Strettle (Departmental Head of Accident, Contingency & Equine). Robotham – a leader in the specialist Lloyd’s A&H market […]

Apr

2019

Third Point Reinsurance Ltd. grows its specialty treaty division with two hires

Posted on 11th April 2019 by Mazin Shammas and has No comment

Third Point Reinsurance Ltd. (NYSE: TPRE) (“Third Point Re” or the “Company”) today announces two appointments to its Specialty Treaty division. Rachael Afford and Melanie Lopes have joined as Vice President and Underwriter respectively. Both report to Tracey Gibbons, head of Specialty Reinsurance. Dan Malloy, CEO […]

Apr

2019

Third Point Reinsurance Ltd. expands specialty treaty division with the appointment of Tracey Gibbons

Posted on 9th April 2019 by Mazin Shammas and has No comment

Third Point Reinsurance Ltd. (NYSE: TPRE) (“Third Point Re” or the “Company”) announces that it has hired Tracey Gibbons to lead its specialty treaty portfolio. The portfolio will initially include workers compensation catastrophe, PA/Life catastrophe and other niche lines of business including, but not limited to, […]

Apr

2019

Ariel Re strengthens marine & energy operations with appointment of David Martin

Posted on 8th April 2019 by Mazin Shammas and has No comment

Ariel Re, a member of Argo Group (NYSE: ARGO), today announced the appointment of David Martin as head of marine & energy, reinsurance, effective immediately. He will report to Matthew Wilken, deputy global head of reinsurance at Ariel Re. Martin will work closely alongside Emily Leitch, […]

Mar

2019

Willis Towers Watson Securities acts as lead structuring agent for the first reinsurance sidecar domiciled in France

Posted on 28th March 2019 by Mazin Shammas and has No comment

Willis Towers Watson Securities, the securities affiliate of Willis Re, acted as lead structuring agent for French reinsurer CCR Re on the first ever Insurance-linked Securities (ILS) instrument governed by French law. 157 Re will assume a quota share of CCR Re’s worldwide property catastrophe portfolio, […]

Mar

2019

Neon leads new London Political Risks Insurance Consortium

Posted on 27th March 2019 by Mazin Shammas and has No comment

Neon is pleased to announce that it will lead the newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party. Spearheaded by Neon’s recently promoted Head of Specialty, Nicholas Robinson, the new initiative has been created in response to increased levels […]

Mar

2019

Willis Re appoints Steve Robson as head of London Market Reinsurance Claims

Posted on 25th March 2019 by Mazin Shammas and has No comment

Claims veteran Steve Robson has joined Willis Re as head of London Market Reinsurance Claims, effective today. He brings extensive client-side experience and perspectives, and supports the closer alignment of the servicing and placement teams of Willis Re, the reinsurance division of Willis Towers Watson, a […]

Mar

2019

LMA Statement in response to reports of sexual harassment in the insurance industry

Posted on 21st March 2019 by Mazin Shammas and has No comment

In response to recent reports of sexual harassment in the insurance industry, Sheila Cameron, CEO of the LMA stated “Sexual harassment is simply indefensible in any workplace and all instances should be dealt with swiftly and appropriately. We, like all other industries facing this issue, must […]

Mar

2019

Antares names Martin Campbell Head of Financial Institutions

Posted on 18th March 2019 by Mazin Shammas and has No comment

Antares, the Lloyd’s Managing Agency and member of the QIC Group, today announces that Martin Campbell has been appointed head of Financial Institutions at Antares Syndicate 1274, effective immediately. Campbell brings 30 years’ experience in the Lloyd’s market to Antares, most recently as Head of Financial […]

Mar

2019

Completion: Preservation Capital invests to build MGA powerhouse

Posted on 18th March 2019 by Mazin Shammas and has No comment

Financial services-focused private equity firm Preservation Capital Partners (“Preservation Capital”), today announces the successful completion of its strategic investment in US construction-focused MGA Cove Programs (“Cove”) after receiving all necessary regulatory approvals. Together with insurTech-driven cyber and specialty lines MGA Ascent Underwriting (“Ascent”), which Preservation Capital […]

Mar

2019

Pioneer appoints Nick Greggains as US CEO

Posted on 15th March 2019 by Mazin Shammas and has No comment

Pioneer Underwriters (“Pioneer”) today announces that it has appointed Nick Greggains as CEO of Pioneer’s US operation. Nick Greggains, who takes up his appointment on 25th March, will be based in New York and will report to Andrew McMellin, Pioneer Group CEO. Gene Hinman, current US […]

Mar

2019

Pool Re publishes fourth Terrorism Frequency Report to strengthen industry understanding of the peril

Posted on 13th March 2019 by Mazin Shammas and has No comment

Pool Re, Britain’s leading terrorism reinsurer, has announced the publication of its fourth Terrorism Frequency Report, a quarterly view of the contemporary threat which is produced by the Terrorism Risk and Analysis Centre (TRAC) – the in-house expert analysis team at Pool Re. As well as […]

Mar

2019

BMS revenues grow 25% to exceed £100mn in 2018

Posted on 13th March 2019 by Mazin Shammas and has No comment

BMS, the independent specialist insurance and reinsurance broker, today announces that in 2018 annual revenues for the first time exceeded £100mn, one of a number of financial landmarks achieved by the business over the course of the year. Overall revenue grew by 25%. BMS’s London wholesale […]

Mar

2019

Channel appoints Matt Ackland as Chief Commercial Officer

Posted on 13th March 2019 by Mazin Shammas and has No comment

Channel Syndicate 2015 at Lloyd’s (“Channel”) is pleased to announce the appointment of Matt Ackland as chief commercial officer of the London platform. He begins this role with immediate effect and reports to Stuart McMurdo, CEO of Channel. Matt has worked at Channel for over six […]

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