Announcement ‹ Press Releases

Jan

2019

Argo Group Appoints Bill Wharton to Head of Argo Insurance Bermuda

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

Nigel Mortimer to lead International Casualty Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today announced the appointment of Bill Wharton to Head of Argo Insurance Bermuda, effective immediately. Wharton will also continue as Head of Professional Lines in […]

Jan

2019

Neon sponsors second NCM Re transaction

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

Neon today announces that it has successfully raised third party capital to support its second ILS transaction through its UK-based transformer vehicle (NCM Re). This marks the first reinsurance renewal under the UK’s nascent regulatory regime for alternative capital investment in the reinsurance sector. The transaction, […]

Jan

2019

Hawkins succeeds Matson as Compre CFO

Posted on 7th January 2019 by Mazin Shammas and has No comment

Compre, the independent legacy acquirer, today announces the appointment of Simon Hawkins as chief financial officer, effective immediately. He succeeds Paul Matson, who played a key role in Compre’s substantial growth over the last three years and completed a four-month handover to Hawkins before departing at […]

Jan

2019

Arthur J. Gallagher & Co. signs definitive agreement to acquire Stackhouse Poland Group Limited

Posted on 7th January 2019 by Mazin Shammas and has No comment

Arthur J. Gallagher & Co. today announced that it has signed a definitive agreement to acquire 100% of specialist UK insurance broker Stackhouse Poland Group Limited (“Stackhouse Poland”). The transaction is subject to regulatory approval and is expected to close in the first quarter 2019. Founded in […]

Jan

2019

Pool Re returns contingency cover against terrorist acts to the commercial reinsurance market

Posted on 7th January 2019 by Mazin Shammas and has No comment

Pool Re today announced that as a result of sufficient capacity now existing within the commercial insurance and reinsurance markets to cover contingency losses arising from acts of terrorism, it will cease to reinsure Members for the contingency cover they provide to their insureds. The state-backed […]

Jan

2019

Contrasting realities for 2019 reinsurance renewals: Willis Re 1st View

Posted on 2nd January 2019 by Mazin Shammas and has No comment

Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re, the […]

Dec

2018

Neon announces senior management promotions

Posted on 21st December 2018 by Mazin Shammas and has No comment

Neon Underwriting Limited (“NUL”), Neon’s Lloyd’s Managing Agency, today announces the promotions of Theo Butt to Chief Executive Officer and Matthew Washington to Managing Director with immediate effect, subject to Lloyd’s and PRA approval. Theo joined Neon Holdings Limited (“Neon Holdings”) earlier this year as Group […]

Dec

2018

Compre receives regulatory approval for Generali legacy transaction

Posted on 20th December 2018 by Mazin Shammas and has No comment

Compre, the independent (re)insurance legacy specialist, confirms that regulatory approval has been received from IVASS, the Institute for the Supervision of Insurance in Italy, and all other relevant regulators for the previously disclosed acquisition of two portfolios from Assicurazioni Generali S.p.A. (“Generali”). This transaction provides legal […]

Dec

2018

Unicorn Underwriting continues expansion with hire of Neil Russell

Posted on 20th December 2018 by Mazin Shammas and has No comment

Unicorn Underwriting is pleased to announce Neil Russell will be joining the firm as of 1st January 2019. Russell will initially be working on the development of new facilities and capacity for the firm with plans to join the Property Underwriting team mid-year. In addition, Russell […]

Dec

2018

Willis Towers Watson: InsurTech investment doubles in Q3; parametric cover in focus

Posted on 20th December 2018 by Mazin Shammas and has No comment

More than $1.3 billion of InsurTech funding was completed during Q3 2018, double the figure from the previous quarter. While individual investment rounds were larger, the number of transactions reported declined 20% to 57, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the […]

Dec

2018

Kevin Rehnberg to serve as Argo Group Chief Administrative Officer

Posted on 19th December 2018 by Gavin Warren 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 Kevin Rehnberg to serve as chief administrative officer in addition to continuing as the head of Argo’s insurance business for the U.S. and Latin America. […]

Dec

2018

BMS expands Bermuda operation

Posted on 17th December 2018 by Mazin Shammas and has No comment

BMS Group Limited (“BMS”), the independent specialist insurance and reinsurance broker, today announces the build out of its Bermuda market operation with the hiring of George Bowring from Price Forbes and Kian Wookey from JLT. The build out in Bermuda will focus on North American liability […]

Dec

2018

Gallagher Bassett acquires Property Claims Management Services Limited

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

Gallagher Bassett (GB) has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Limited (PCMS). With origins dating back to 1991, the Tamworth, Staffordshire based PCMS business provides property claims management services to insurers and commercial third-party claims administrators through […]

Dec

2018

Ascent to launch Transactional Risk proposition with Alex Smith hire

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

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announces the appointment of Alex Smith as head of transactional risk, effective February 2019. Reporting to chief underwriting officer Gareth Tungatt, Smith will establish a transactional risk business line and build a team as part of […]

Dec

2018

Gallagher extends footprint in South-West with acquisition of UK regional commercial broker Pavey Group

Posted on 7th December 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management and consulting firm Gallagher today announces the acquisition of leading South West commercial insurance broker Pavey Group Holdings (UK) Limited (trading as Pavey Group) in the UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey […]

Dec

2018

Ed appoints Jo Kendall as Head of Catastrophe & Exposure Management

Posted on 6th December 2018 by Mazin Shammas and has No comment

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Jo Kendall as Head of Catastrophe & Exposure Management, reporting to the Group Chief Actuary, Jonathan Tilman. Kendall brings 15 years of industry experience to Ed. She joins from Willis Re where she […]

Nov

2018

LMA launches Gemini to tackle claims expert spend

Posted on 29th November 2018 by Mazin Shammas and has No comment

Gemini, a claims expert management solution and platform for Lloyd’s carriers, has been launched this week. Developed by the Lloyd’s Market Association (LMA), in partnership with Advent Insurance Management Limited, and driven by claims professionals from the Lloyd’s market, Gemini will enable carriers to understand their […]

Nov

2018

Christopher Andrew’s The Secret World: A History of Intelligence wins the Airey Neave Book Prize

Posted on 28th November 2018 by Mazin Shammas and has No comment

”Magisterial survey” with mischievous humour recognised in award sponsored by Pool Re, the UK’s terrorism reinsurer The 2018 Airey Neave Book Prize has been awarded to The Secret World: A History of Intelligence, written by Professor Christopher Andrew, by a panel of experts assessing the most […]

Nov

2018

New Nordic Advisors places Qudos Insurance into liquidation; enters into risk transfer deals with DARAG

Posted on 27th November 2018 by Mazin Shammas and has No comment

New Nordic Advisors (“New Nordic”), the investment management company, today announced that it has placed its wholly-owned insurance subsidiary Qudos Insurance (“Qudos”) into liquidation, effective immediately, following a comprehensive review of the insurance company’s position. New Nordic has entered into a number of retrospective reinsurance treaties […]

Nov

2018

DARAG Guernsey acquires SOBC Services and agrees to acquire four US carriers and a Bermuda-based cell, subject to change of control approval

Posted on 20th November 2018 by Mazin Shammas and has No comment

Further to the announcement in July regarding the joint venture between DARAG and SOBC, we are delighted to announce that DARAG Guernsey via its wholly owned subsidiary, SOBC DARAG Holdings Ltd has now acquired the entire share capital of SOBC Services. SOBC Services is focused on […]

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