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Crum & Forster backs Nexus Specialty’s US trade credit book

Nexus Specialty – part of Nexus Group – has inked a program arrangement with US P&C insurer Crum & Forster allowing the MGA and Lloyd’s coverholder to underwrite trade credit products on a fully admitted basis in the US.

Mon 6 Jan 2020

HW Wood hires Kelsh as international non-marine head

News

People Moves

HW Wood hires Kelsh as international non-marine head

Independent Lloyd’s broker HW Wood has brought in Martin Kelsh as head of international non-marine and added the new arrival to parent company HW International’s board of directors, The Insurer has learned.

Mon 6 Jan 2020

Brown & Brown promotes insider to lead retail unit

News

People Moves

Brown & Brown promotes insider to lead retail unit

US broker Brown & Brown has promoted Barrett Brown as an executive vice president and president of the company’s retail segment, with immediate effect.

Mon 6 Jan 2020

Topsail Re hires Arch Re’s Bishop as CUO

News

People Moves

Topsail Re hires Arch Re’s Bishop as CUO

Cayman Islands start-up reinsurer Topsail Re has hired Jay Bishop from Arch Re as its new CUO, The Insurer can reveal.

Mon 6 Jan 2020

News

Insurtech deal value triples to $969mn in December: KBW

Transaction funding in the insurtech space reached $969.1mn in December 2019, up from $312.5mn in the month prior and $608.5mn during the same month in 2018, according to the latest calculation from equity analyst Keefe, Bruyette & Woods (KBW).

Mon 6 Jan 2020

Hiscox hires Millard as chief investment officer

News

People Moves

Hiscox hires Millard as chief investment officer

London-listed insurer Hiscox has appointed James Millard as chief investment officer to manage $6.4bn of the group’s assets.

Mon 6 Jan 2020

Coverys launches European MGA platform with former Generali duo

News

People Moves

Coverys launches European MGA platform with former Generali duo

Medical professional liability insurer Coverys has unveiled an MGA – Coverys European Holdings (CEH) – appointing Steven Spano as CEO and Doug Robare as CUO to lead the investment platform.

Mon 6 Jan 2020

BGCI names aerospace business Piiq Risk Partners

News

Aviation

BGCI names aerospace business Piiq Risk Partners

BGC’s insurance arm – which also owns broking houses Besso and Ed – has branded its global aviation and aerospace (re)insurance intermediary Piiq Risk Partners.

Mon 6 Jan 2020

News

People Moves

Aston Lark names CEO and CFO in Ireland

Goldman Sachs-backed Aston Lark has named former Aviva Ireland executive Robert Kennedy as CEO and former AA financial controller Mark Nolan as chief financial officer of its growing business in Ireland.

Mon 6 Jan 2020

News

Aviation

Capsicum Re latest broker to enter aviation (re)insurance market

Reinsurance broker Capsicum Re has become the fourth broker to enter the aviation market in the past year, appointing former global head of aerospace at AIG, David Bell, to head up the division.

Mon 6 Jan 2020

Gallagher builds Asian presence with SP&G stake

News

M&A

Gallagher builds Asian presence with SP&G stake

Gallagher has continued its expansion in the Asian market with a minority stake in specialist Malaysian broker SP&G Insurance Brokers (SP&G).

Mon 6 Jan 2020

News

Losses

Australian bushfire losses climb to $300mn: ICA

Insurers have now handled more than 6,000 claims this bushfire season, resulting in approximate insurance losses of A$431mn ($299.4mn), according to the latest calculation from the Insurance Council of Australia.

Mon 6 Jan 2020

News

Cyber

Lloyd’s insurer builds out cyber practice with another AIG hire

Brit – one of the largest Lloyd’s cyber insurers behind Beazley – has lured another AIG underwriter to join its New York-based team.

Mon 6 Jan 2020

Guy Carpenter names Saper CEO of Pacific region

News

People Moves

Guy Carpenter names Saper CEO of Pacific region

Global reinsurance intermediary Guy Carpenter has appointed Jeff Saper chief executive of the Pacific region.

Mon 6 Jan 2020

Guy Carp resolves dispute with Lockton Re defectors

News

Legal dispute

Guy Carp resolves dispute with Lockton Re defectors

Guy Carpenter and three executives that left the reinsurance broker last year to join Lockton Re have reached a settlement in the litigation over the defections.

Fri 3 Jan 2020

Allied World veteran D’Orazio leaves after 16 years

News

Commercial insurance

Allied World veteran D’Orazio leaves after 16 years

Allied World corporate COO and chief of staff Frank D’Orazio has stepped down from the role at the Fairfax Financial-owned carrier, The Insurer can reveal.

Fri 3 Jan 2020