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Everest names Klinger head of Continental Europe

News

People Moves

Everest names Klinger head of Continental Europe

Bermuda-based reinsurer Everest Re has named Artur Klinger as managing director of Continental Europe, succeeding Stephan Knipper who will retire after 33 years in the industry.

Tue 21 Jan 2020

News

Carnegie-Brown calls for greater Lloyd’s access to India’s (re)insurance market

Lloyd’s chairman Bruce Carnegie-Brown has called on India’s financial regulators to continue dismantling its protectionist stance over its (re)insurance market with the prize being lower premiums, greater competition and better products.

Tue 21 Jan 2020

London broker Paragon sale price leaps from £42mn to £70mn

News

M&A

London broker Paragon sale price leaps from £42mn to £70mn

Australian broking house PSC Insurance Group will now reach deeper into its pockets to reward the owner-manager shareholders of FI specialist Lloyd’s broker Paragon following a jump in 2019 profits during the earn-out phase.

Mon 20 Jan 2020

News

Hyperion says staff shareholders will soon exceed a thousand as it launches “sustainability” drive

UK-headquartered intermediary Hyperion has kickstarted a major new initiative focused around “sustainability” which it says cover everything from growing its own employee shareholder base and independence to new product classes.

Mon 20 Jan 2020

Hamilton takes PartnerRe’s Sforza for US property reinsurance leader

News

People Moves

Hamilton takes PartnerRe’s Sforza for US property reinsurance leader

Bermuda-headquartered carrier Hamilton has appointed Brad Sforza as senior vice president and head of property reinsurance for its recently established US reinsurance platform.

Mon 20 Jan 2020

Aon names Madell UK health solutions and affinity CBO

News

People Moves

Aon names Madell UK health solutions and affinity CBO

Aon has named Helene Madell as chief broking officer (CBO) for commercial risk solutions, health solutions and affinity in the UK.

Mon 20 Jan 2020

Hyperion reports 11% organic growth at FY19

News

Results

Hyperion reports 11% organic growth at FY19

Hyperion Group – the UK insurance intermediary backed by General Atlantic and CDPQ – continued its growth trajectory last year with organic growth of 11 percent, revenues climbing 17 percent to £725mn ($942mn) and an Ebitda margin of 25 percent for the year ending 30 September 2019.

Mon 20 Jan 2020

Pool Re looks to Marsh for risk management leader

News

People Moves

Pool Re looks to Marsh for risk management leader

Pool Re Solutions (PReS), the recently formed risk services division of Pool Re, has appointed Chris Medhurst-Cocksworth as head of risk management.

Mon 20 Jan 2020

News

Legacy

Darag strikes another US legacy transaction

The deal-hungry legacy acquisitions company Darag has once again combined with TigerRisk in a run-off deal that sees it take on $100mn+ in US general liability reserves for an unnamed “multi-national insurance company”.

Mon 20 Jan 2020

News

Losses

Bushfire losses climb to A$1.41bn: ICA

Losses emanating from bushfires in Australia have now reached A$1.41bn ($970.3mn), as insurers have now received 16,380 claims since 8 November, according to the latest estimate from the Insurance Council of Australia (ICA).

Mon 20 Jan 2020

News

CCR Re fine tunes 157 Re sidecar at 1.1

Paris-headquartered CCR Re has renewed 157 Re, a pioneering onshore French reinsurance securitisation when it first rolled off the production line last year on the 1 April, The Insurer can reveal.

Mon 20 Jan 2020

Lockton Global Re takes Finpro exec Spore from Marsh

News

D&O

Lockton Global Re takes Finpro exec Spore from Marsh

Lockton’s expansive reinsurance intermediary platform has hired Marsh JLT Specialty US Finpro placement leader Greg Spore, The Insurer can reveal.

Fri 17 Jan 2020

Altamont hires Orchid’s Zuk to drive insurance investments

News

M&A

Altamont hires Orchid’s Zuk to drive insurance investments

Joe Zuk has left Orchid Underwriters after less than a year to join Altamont Capital Partners as an operating partner focused on its insurance investments.

Fri 17 Jan 2020

News

LatAm’s improving economic climate to boost stagnant premiums: AM Best

AM Best expects Latin America’s economies to rebound in 2020, which would help the insurance markets in these countries better realise their growth potential.

Fri 17 Jan 2020

Social inflation to prompt “stair stepping” of reserves: Dowling

News

Casualty

Social inflation to prompt “stair stepping” of reserves: Dowling

VJ Dowling has predicted that social inflation will be a huge issue in fourth quarter reporting, partly as an excuse for under-reserving in recent years.

Fri 17 Jan 2020

SterlingRisk promotes DelPrete to president of programs

News

People Moves

SterlingRisk promotes DelPrete to president of programs

Geraldine DelPrete, who was a founding member of TigerRisk, has been promoted to president of programs at privately-owned insurance brokerage SterlingRisk.

Fri 17 Jan 2020