Aon’s veteran power and utilities specialist Nadel retires

Aon’s long-serving executive Marshall Nadel has left after 31 years with the broker, with the industry veteran retiring after a career that stretches back to 1980.

Wed 8 Jan 2020

Texas E&S premium increased 14.4% in 2019

The Surplus Lines Stamping Office of Texas (SLTX) has revealed that E&S premium in the state reached a record $6.95bn in 2019, up 14.4 percent over 2018’s $6.08bn of premium.

Wed 8 Jan 2020

QBE NA hires former Aon exec Fitzgerald as Grange replacement

QBE North America has brought in former Aon executive Tom Fitzgerald as the new president for its specialty and commercial business, replacing Jeff Grange who left the company to join Argo late last year.

Wed 8 Jan 2020

Generali closes pair of Portuguese acquisitions

Generali has completed its 100 percent acquisition of insurer Seguradoras Unidas and service company AdvanceCare in Portugal from US private equity fund Apollo Global, having received all relevant regulatory approval.

Wed 8 Jan 2020

Brazil’s reinsurers must improve underwriting profitability: AM Best

AM Best’s outlook for the Brazilian reinsurance market remains negative but the ratings agency believes that conditions are moving in the right direction in the country.

Wed 8 Jan 2020

XoLs safe for now as Australian bushfires imperil QS and agg covers

Wed 8 Jan 2020

BMA appoints Swan deputy CEO as part of Cox succession plan

The Bermuda Monetary Authority (BMA) board has appointed Craig Swan as deputy CEO, a role the BMA said was created to fulfil the strategic objective of succession planning ahead of the departure of executive chairman Jeremy Cox in 2021.

Wed 8 Jan 2020

Watford hires Nautilus’s Cunningham as CRO

Liz Cunningham has joined Watford Holdings as chief risk officer based in its Bermuda office.

Wed 8 Jan 2020

AIG wins PIA lead from Chubb with smaller rate rise

US carrier AIG has taken over the airline account for Pakistan International Airlines (PIA) from Chubb after conceding a smaller rate increase at the fourth quarter renewal, The Insurer understands.

Wed 8 Jan 2020

Amanda Blanc takes on two more NED positions

The former Axa and Zurich exec Amanda Blanc has taken on two more non-executive positions, taking the count to five roles she has taken up since December.

Wed 8 Jan 2020

Edward Pray

President, RT Specialty - New York

Wed 8 Jan 2020

Jill Beggs, CPCU, ARe

President of Excess and Surplus Lines, Munich Re Specialty Insurance

Wed 8 Jan 2020

Global Aerospace leads Ukraine International airline crash

Aviation agency Global Aerospace leads the programme for the Ukraine International Airlines (UIA) flight PS752, which crashed this morning in Iran, killing all 176 people on board, The Insurer can reveal.

Wed 8 Jan 2020

2019 nat cats cost $52bn: Munich Re

Insured losses for natural catastrophes in 2019 fell substantially to $52bn, according to Munich Re.

Wed 8 Jan 2020

Atrium parts ways with marine class underwriter Tomlin

Lloyd’s carrier Atrium’s class underwriter for marine property Richard Tomlin is set to leave the carrier, The Insurer can reveal.

Wed 8 Jan 2020

​Risk Strategies’ wholesale arm formally launches as One80

One80 Intermediaries, the Matt Power-led wholesale broking arm of expansive US broker Risk Strategies, has officially opened its doors in a move first revealed by The Insurer in September.

Wed 8 Jan 2020