NewsChaucer and Qomplx team up on parametric multi-peril insurance for SMEsVirginia-based analytics platform Qomplx and specialty carrier Chaucer have launched the first multi-peril parametric insurance product specifically aimed at small to medium-sized enterprises (SMEs), The Insurer can reveal.Thu 5 Dec 2019
NewsKershaw named Lancashire CFONatalie Kershaw is to be the new group CFO at Lancashire Holdings.Thu 5 Dec 2019
NewsCatalina Holdings to acquire Asia Capital ReBermuda-headquartered legacy firm Catalina Holdings has reached an in-principle agreement to acquire Singapore-headquarted Asia Capital Reinsurance Group (ACR), its first such deal in Asia.Thu 5 Dec 2019
NewsLegal disputeBurns & Wilcox denied TRO in CRC disputeBurns & Wilcox has been denied a temporary restraining order and preliminary injunction in its litigation with rival wholesale broker CRC Group over the hiring of almost 50 of its employees.Wed 4 Dec 2019
NewsPeople MovesBHSI hires AIG’s Adams for Canada surety headBerkshire Hathaway Specialty Insurance has appointed Andrew Adams as head of surety in Canada.Wed 4 Dec 2019
NewsPeople MovesWarwicker joins Chubb Bermuda to head excess liabilityChubb Bermuda has hired industry veteran Michael Warwicker as senior vice president and head of excess liability.Wed 4 Dec 2019
NewsPeople MovesMunich Re confirms Wallace as property E&S headMunich Re Specialty Insurance has announced former Navigators executive Jim Wallace as head of property, excess and surplus lines, a move first revealed by The Insurer in November.Wed 4 Dec 2019
NewsPeople MovesMarsh names Sathe Bluestream and US affinity leaderMarsh has appointed Anita Sathe as global leader of Bluestream, its cloud-based digital broker platform for the affinity market, and head of the broker’s US affinity business.Wed 4 Dec 2019
NewsPeople MovesExpansive CAC hires trio for PL and cyber platformCAC Specialty’s rapid build out has continued with the launch of a new professional liability (PL) and cyber practice group which will be supported by three new arrivals to the business, The Insurer can reveal.Wed 4 Dec 2019
NewsLegacyFaraday set to takeover Vibe’s FI business when syndicate closesFaraday Syndicate 435 is in talks to take over a five-strong financial institutions team and its book of business from the soon-to-be closed down Vibe Syndicate, The Insurer can reveal.Wed 4 Dec 2019
NewsM&AVibe specialty head Glasse departs for StarStoneStarStone has appointed former Vibe Syndicate Management’s specialty risk solutions class underwriter Henry Glasse as specialty underwriter, The Insurer can reveal.Wed 4 Dec 2019
NewsPeople MovesIprism names Arch’s Woodhams underwriting managerProperty and high net worth MGA Iprism has hired Aaron Woodhams for the newly created role of underwriting manager.Wed 4 Dec 2019
NewsPeople MovesBMS takes Paragon’s Pawar for M&A unit launchBMS Group has launched a private equity, mergers and acquisitions (M&A) and tax insurance division, appointing Tan Pawar as managing director.Wed 4 Dec 2019
NewsRating actionsS&P downgrades Agrus unit for ‘materially hindering’ AGCS performanceRating agency Standard & Poor’s (S&P) has revised the outlook of Allianz Global Corporate & Specialty (ACGS) subsidiary Allianz Global Risk US (Agrus) from stable to negative, citing the units “underperformance relative to peers.”Wed 4 Dec 2019
NewsSpaceLloyd’s launches $25mn per risk space consortium led by Brit and HiscoxLloyd’s has launched a new multi-million-pound space insurance policy targeted at the so-called ‘new space’ sector and backed by a consortium of 18 syndicates led by Brit and Hiscox MGA.Wed 4 Dec 2019
NewsM&AGallagher acquires Brown & Brown Pacific Northwest marine unitArthur J Gallagher has completed a deal to hire the Pacific Northwest marine broking team and book of business of Washington-based Brown & Brown.Wed 4 Dec 2019