MS Amlin places aviation book into run-off

MS Amlin has confirmed it will be exiting the aviation market and will place its current book into run-off, effective from 14 October when it will cease underwriting aviation renewals or new business.

Mon 14 Oct 2019

Globe builds engineering team with Pioneer’s Watson

Globe Underwriting, the managing general agency which is part of BGC Insurance Group, has appointed Dan Watson to the role of senior engineering underwriter.

Mon 14 Oct 2019

CNA Hardy places DA leader Judge under consultation

Head of delegated authority at CNA Hardy, Bhuvinder Judge, has been placed under consultation at the Lloyd’s carrier, The Insurer can reveal.

Mon 14 Oct 2019

Extinction Rebellion targets the City and insurance buildings

Hundreds of City workers were barred from entering 20 Fenchurch Street – commonly known as the ‘Walkie Talkie’ – in London on Monday morning, as environmental protesters, Extinction Rebellion, stuck their hands to the revolving doors of the building.

Mon 14 Oct 2019

CatCo’s Montgomerie & Vaughan launch Markel-backed Chard Re

Markel CatCo portfolio managers Rick Montgomerie and Charlie Vaughan are to depart from the retro fund manager and set up a new specialist ILS investment manager and fund with backing from Markel – Chard Re Investment Management (Chard Re).

Mon 14 Oct 2019

Hagibis reinsurance loss to spur further hardening at 1.1 and 1.4 renewals: KBW

Typhoon Hagibis – the category 4 hurricane that made landfall off Tokyo over the weekend – will be another material reinsurance loss adding to further upward rate pressure at the upcoming January and April renewals, according to Keefe, Bruyette & Woods (KBW).

Mon 14 Oct 2019

Florida Specialty’s Patschak fights back over insolvency and conduct claims

Homeowners insurer Florida Specialty has denied allegations made by its state regulator and reported in an industry publication that it was legally insolvent and willfully violated the law.

Fri 11 Oct 2019

IGI should be applauded as it runs towards the stampede

In his autobiography “My life and hard times”, the creator of Walter Mitty, James Thurber, writes of a fine day in Spring 1913 when his town of Columbus, Ohio was temporarily gripped with insanity.

Fri 11 Oct 2019

FCA to take 'pragmatic' view on Brexit day

The UK Financial Conduct Authority said it will take a proportionate and pragmatic approach to regulatory oversight on Brexit day and reiterated its warning that leaving the EU during the working week could pose “operational challenges for firms.”

Fri 11 Oct 2019

US habitational casualty rates surge after carrier exits

Rates for habitational coverage for insureds with worse-than-average loss records are at least 30 percent to 50 percent higher for general liability and sometimes doubling on excess layers, according to wholesale broker CRC.

Fri 11 Oct 2019

EmergIn Risk opens Miami hub and makes two senior hires

EmergIn Risk, part of Ryan Specialty’s Underwriting Managers Group, has opened an office in Miami, with David Overton at the helm as director of sales.

Fri 11 Oct 2019

Gallagher nets Howden sporting duo

Gallagher has appointed former Howden brokers Michael Owen and James Summerfield into its sports & entertainment team within the Special Risks division.

Fri 11 Oct 2019

PartnerRe replaces CFO Bonaccorso with Zurich’s Burnet; names Maiden Re’s Gibbs COO

PartnerRe has appointed Nicolas Burnet to the role of CFO, replacing Mario Bonaccorso after three years in the role.

Fri 11 Oct 2019

September US cat losses to top $840mn: Aon

Mainland US insured catastrophe losses from last month are expected to be over $840mn, according to Aon Impact Forecasting’s September Global Catastrophe Recap report.

Fri 11 Oct 2019

HDI SE looks to RSA for UK finance director

HDI Global Specialty SE has hired Simon Hunt as director of finance and operations in the UK.

Fri 11 Oct 2019

AdvantageGo’s Rendez-Vous De Septembre Monte Carlo 2019 Report

Fri 11 Oct 2019