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Brady and D’Antoni among Burns & Wilcox promotions

Blaise D’Antoni and Matthew Brady are among a string of promotions at US wholesale broker and underwriting platform Burns & Wilcox.

Wed 13 Nov 2019

News

Pioneer Programs Insurance Solutions launches $10mn targeted violence program

Pioneer Programs Insurance Solutions has teamed up with security expert and London-based EC3 brokers to launch a new targeted violence program with limits up to $10mn.

Wed 13 Nov 2019

News

People Moves

Horbelt appointed Munich Re America CFO

Oliver Horbelt has been named chief financial officer for Munich Reinsurance America, after serving as head of the company’s Capital Partners Americas unit since 2015.

Wed 13 Nov 2019

Maiden returns to operating profit despite adverse development

News

Results

Maiden returns to operating profit despite adverse development

Maiden Holdings has reported operating earnings for the first time since Q1 2018, in a third quarter that included reserve increases for general liability and commercial auto liability.

Wed 13 Nov 2019

Waypoint gets $15mn TMK capacity to write workers comp cat reinsurance

News

Workers' compensation

Waypoint gets $15mn TMK capacity to write workers comp cat reinsurance

Waypoint Underwriting Group will underwrite and manage workers compensation catastrophe reinsurance on behalf of Tokio Marine Kiln’s Lloyd’s Syndicate 510 from 1 January 2020, The Insurer has learned.

Tue 12 Nov 2019

Alliant to “vigorously defend” Aon construction hires lawsuit

News

Legal dispute

Alliant to “vigorously defend” Aon construction hires lawsuit

Alliant has said it will “vigorously defend” against a lawsuit brought by Aon in relation to the California-based retail broker’s hiring of seven executives from its larger rival’s Construction Services Group (CSG).

Tue 12 Nov 2019

News

Argo discloses its perquisite controls were ineffective in AGM proxy statement

Argo Group has revealed that disclosure controls and procedures included in its proxy statement for its annual meeting were not appropriately designed.

Tue 12 Nov 2019

RiverStone strikes Channel Syndicate RITC

News

M&A

RiverStone strikes Channel Syndicate RITC

Fairfax-owned run-off manager Riverstone is to take over Scor-owned Channel Syndicate’s 2017 and prior years of account.

Tue 12 Nov 2019

News

Lloyd’s will be rife with ‘holy grail’ intangible products in 30 years: TMK’s Hoad

The Lloyd’s market will be “rife” with products that will close the growing insurance gap between tangible and intangible risks in three decades’ time, Tokio Marine Kiln’s head of innovation Tom Hoad has said.

Tue 12 Nov 2019

News

People Moves

Aon’s UK&I co-head Jenner exits for GC

Aon Reinsurance Solutions’ Dean Jenner – co-leader of its UK & Ireland and specialty casualty business – is set to leave the broker for rival Guy Carpenter after a matter of weeks in the role, The Insurer can reveal.

Tue 12 Nov 2019

News

Chard Re engages Aon Securities and begins fundraising for 1.1 start

Markel Corp-backed Chard Re has begun fundraising and anticipates raising “hundreds of millions of dollars” of fresh capital to write reinsurance/retro business at 1.1, The Insurer can reveal.

Tue 12 Nov 2019

Scor joins Lloyd’s in being removed from Covéa’s XoL treaty

News

Brexit

Scor joins Lloyd’s in being removed from Covéa’s XoL treaty

Paris-headquartered Scor will be removed from fellow French firm Covéa’s Eur1.6bn ($1.8bn) excess of loss (XoL) property cat treaty program when it renews at 1.1, The Insurer can reveal.

Tue 12 Nov 2019

News

People Moves

Rokstone and Rock part ways

Renowned London market property fac underwriter Les Rock has stepped away from London MGA Rokstone, The Insurer can reveal.

Tue 12 Nov 2019

News

Construction

Excess capacity fleeing certain construction classes

CRC Group has reported that reductions in capacity are challenging the US construction industry, particularly for commercial auto where the wholesale broker is often having to provide buffers.

Tue 12 Nov 2019