Brexit transition threatens European insurers with UK exposure: Moody’s

European insurers are unlikely to be disrupted during the 11-month transition period as the UK leaves the trading bloc, although continental carriers with the highest UK exposure could see their underwriting profit dented come year end.

Mon 3 Feb 2020

Third Point Re closes in on Lloyd’s deal

NYSE-listed Bermudian reinsurer Third Point Re is in advanced discussions with at least one potential Lloyd’s acquisition target as it looks to deliver on its strategy of growing its exposure yet further to the London market, according to multiple sources.

Mon 3 Feb 2020

CAC Specialty continues build out with CFO and M&A additions

CAC Specialty has continued its buildout with the appointment of former Deutsche Bank executive Chris Trotter as chief financial officer and further additions to its M&A solutions specialty team.

Mon 3 Feb 2020

Get help with The Insurer

Mon 3 Feb 2020

Beazley broker platform goes live in APAC

Blue-chip insurer Beazley has extended its electronic trading platform to the Asia Pacific region, allowing brokers in Hong Kong and Singapore to place cyber and management liability risks.

Mon 3 Feb 2020

Tower Hill’s $200mn Irma creep signals Q4 deterioration for public Floridians

Florida’s Tower Hill increased its projected ultimate Hurricane Irma payout by around $200mn to $1.025bn in Q4 2019 in response to a continued influx of new claims and the re-opening of previously closed claims, The Insurer can reveal.

Mon 3 Feb 2020

A sting in the tail

When Irma dodged a direct Miami hit and weakened to Cat 1 as it headed to Tampa in September 2017, the Florida homeowners market may have breathed a collective sigh of relief.

Mon 3 Feb 2020

RSA’s Codan appoints new global offshore wind head

RSA’s Nordic marine insurance offshoot Codan has promoted Igor Silence to the position of global head of offshore wind energy, The Insurer has learned.

Mon 3 Feb 2020

AIG ordered to pay out in $6mn email scam case

A New York judge has ruled that an AIG professional liability policy does cover a settlement that SS&C Technology made with a former client whose funds were transferred to fraudsters conducting an email scam.

Mon 3 Feb 2020

AFL appoints Ed’s White as PI director

Lloyd’s broker AFL has hired Kevin White as director of professional indemnity, based in London.

Mon 3 Feb 2020

Get help with The Insurer

Mon 3 Feb 2020

QBE’s Crane to succeed Murphy as THB CEO

AmWINS has appointed Matthew Crane to the role of chief executive at broker THB Group and president of the international division at AmWINS, succeeding long serving Frank Murphy in the dual role.

Mon 3 Feb 2020

Reserve charges at Antares and Qatar Re push QIC to 103.3% CR

QIC has reported a 2019 FY combined ratio of 103.3 percent, which the carrier said was driven by reserve strengthening in its international business, which houses Lloyd’s carrier Antares, UK motor insurer/MGA Markerstudy Group as well as Bermudian Qatar Re.

Mon 3 Feb 2020

PE house Searchlight Capital Partners to take over GRP

UK broker consolidator Global Risk Partners (GRP) has agreed terms with private equity house Searchlight Capital Partners.

Mon 3 Feb 2020

BMS looks to AJG’s Kennell-Webb for financial lines hire

BMS has appointed Kirsty Kennell-Webb as a senior financial lines broker, based in Sydney.

Mon 3 Feb 2020

Aon takes WTW’s Carpenter to lead super yacht business

Aon has appointed Emma Carpenter as global super yacht leader, effective early March.

Mon 3 Feb 2020