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Announcement

12
Mar
2019
ArgoGlobal appoints Alfredo Alonso as Chief Underwriting Officer – Europe, Middle East and Asia
Posted on 12th March 2019  by Mazin Shammas  and has No comment

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced the appointment of Alfredo Alonso as chief underwriting officer for Europe, Middle East and Asia. Alonso takes up his London-based role in March 2019; he will report to Matt Harris, group head of International Operations. […]

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12
Mar
2019
H&T Group plc – preliminary results for the year ended 31 December 2018
Posted on 12th March 2019  by Mazin Shammas  and has No comment

H&T Group (“H&T” or the “Group”) today announces its preliminary results for the year ended 31 December 2018. John Nichols, Chief Executive of H&T Group, said: “Against a challenging background we have produced a strong year’s trading performance. “Development of our digital strategy, which is focused […]

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11
Mar
2019
Skuld appoints chief legal officer to join the executive management team
Posted on 11th March 2019  by Mazin Shammas  and has No comment

Skuld, a leading marine insurance provider, today announces that Hilde Søbstad Løvskar has been appointed chief legal officer (CLO). Løvskar now heads the corporate legal department and joins Skuld’s executive management team. Løvskar started in Skuld as an intern in June 2009. She became a maritime […]

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11
Mar
2019
China Re launches renewable energy consortium for offshore windfarm risks
Posted on 11th March 2019  by Mazin Shammas  and has No comment

China Re Corporation (“China Re”) today announces the launch of a renewable energy consortium at Lloyd’s, focused on project specific reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium along with Canopius Syndicate […]

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06
Mar
2019
Pool Re collaborates with Home Office and UK National Counter-Terrorism Policing on new initiative to make businesses more resilient to terrorism
Posted on 6th March 2019  by Mazin Shammas  and has No comment

Pool Re, Britain’s leading terrorism reinsurer, has invested in a joint project with the UK National Counter-Terrorism Police HQ and the Home Office’s Joint Security & Resilience Centre, helping businesses to more proactively protect against the risk of terrorism. In a ground-breaking collaboration between the insurance industry, […]

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05
Mar
2019
LMA appoints directors to finance and operations roles
Posted on 5th March 2019  by Mazin Shammas  and has No comment

The LMA has announced the appointment of Rob Myers as Operations Director and Paul Davenport as Finance Director. Commenting on the two appointments, LMA CEO Sheila Cameron said: “I am pleased to welcome Rob Myers and Paul Davenport to the LMA.  Both bring with them a […]

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04
Mar
2019
Arthur J. Gallagher & Co. signs agreement to acquire Jardine Lloyd Thompson Group’s global aerospace operations
Posted on 4th March 2019  by Mazin Shammas  and has No comment

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the signing of an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT […]

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01
Mar
2019
Pool Re completes £2.3 billion terrorism retrocession placement
Posted on 1st March 2019  by Mazin Shammas  and has No comment

Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion retrocession programme with more than 50 international reinsurers, led by Munich Re. The programme, provided on a three-year basis, is one of the largest reinsurance deals in the world, and the largest […]

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27
Feb
2019
Digitisation tops LMA priorities for 2019
Posted on 27th February 2019  by Mazin Shammas  and has No comment

Lloyd’s Market Association (LMA) CEO Sheila Cameron today told chief executives from across the Lloyd’s managing agency community that the pursuit of  seamless digitisation, achieving sustained underwriting discipline and working with Lloyd’s to support its central strategy around distribution and international marketing are top of the […]

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27
Feb
2019
Ascent tackles physical damage cyber with Munich Re backing
Posted on 27th February 2019  by Mazin Shammas  and has No comment

Ascent Underwriting, the specialist niche-product managing general agent, today announces the addition of physical damage cover to its flagship CyberPro product – part of its professional and non-tangible risks portfolio. With additional capacity provided by Munich Re, CyberPro now covers physical and property damage plus debris […]

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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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