NewsResultsBeazley shares climb on H1 earnings beatLloyd’s (re)insurer Beazley saw its shares climb over four percent in early trading as it posted a consensus-beating profit before tax of $166.4mn for the first half of the year, a combined ratio of 100 percent and positive commentary on rates.Tue 23 Jul 2019
NewsTigerRisk continues expansion with Lloyd’s capital advisory moveFormer Lloyds Bank head of insurance Bill Cooper has reemerged at the London-office of expansive reinsurance broker TigerRisk, The Insurer can reveal.Tue 23 Jul 2019
NewsBeazley profit triples in H1 as rates climbLondon blue chip insurer Beazley saw its pre-tax profit increase nearly three-fold in the first half of the year to $166.4mn, up from the $57.5mn it reported in H1 2018.Tue 23 Jul 2019
NewsResultsBrown & Brown posts 3.9 percent Q2 organic growthUS broker Brown & Brown has revealed 3.9 percent organic growth for the second quarter, bringing its organic growth for the first half of the year to 2.9 percent.Mon 22 Jul 2019
NewsFloodAssociations slam Senate NFIP bill’s WYO provision as unacceptableInsurance associations are strongly opposing a bill introduced in the US Senate that would extend the National Flood Insurance Program (NFIP) for five years.Mon 22 Jul 2019
NewsProperty catastropheILS repricing attracting new investors: Twelve CapitalCat bond investment manager Twelve Capital has revealed “strong inflows” of close to $400mn in 18 months for its latest UCITS fund, and reported new investors are entering the ILS market.Mon 22 Jul 2019
NewsCyberLSM launches cyber centre of excellence with Rigby at the helmLiberty Specialty Markets (LSM) has appointed Jon Rigby to the newly created role of chief cyber officer, to lead the carrier’s new cyber ‘centre of excellence’.Mon 22 Jul 2019
NewsLossesChocolatier’s $49mn Sandy dispute with Chubb unit heads to trialA New York judge has ruled that Madelaine Chocolate Novelties’ long-running $49mn claim against Great Northern Insurance for damage and business interruption losses following Superstorm Sandy has triable issues of fact.Mon 22 Jul 2019
NewsM&ANatixis shuts down Coface sale speculationFrench investment bank Natixis has said there is “no discussion underway” to divest its share in credit insurer Coface, after reports emerged on Friday that US private equity fund Apollo Global Management had made an offer.Mon 22 Jul 2019
NewsBeale: punish UK companies that don’t tackle gender inequalityDame Inga Beale – the former chief executive of Lloyd’s of London – has called on the government to impose financial levies aimed at punishing companies that aren’t seen to be tackling the gender imbalance in the workplace.Mon 22 Jul 2019
NewsM&AGRP continues acquisition spree with 3XD purchaseSpecialist insurance consolidator Global Risk Partners (GRP) has acquired 3XD Limited, an insurance intermediary based in the Ribble Valley in Lancashire.Mon 22 Jul 2019
NewsPeople MovesBrit names Birch head of innovationBrit has appointed James Birch to the newly created role of head of innovation.Mon 22 Jul 2019
NewsRyan Specialty Group launches Barcelona officeExpansive managing general agency Ryan Specialty Group is to open an office in Barcelona as it continues to build out its transactional risk business.Mon 22 Jul 2019
NewsPeople MovesAxa XL promotes Rastoul to XLICSE CUOAxa XL has promoted Paul-Henri Rastoul to chief underwriting officer of XL Insurance Company SE (XLICSE), the insurance company platform for XL Group within Europe and Asia.Mon 22 Jul 2019
NewsPeople MovesThird Point Re confirms Sinclair hireThird Point Re has confirmed the appointment of David Sinclair, as senior vice president of marketing and investments, a move first revealed by The Insurer earlier this month.Mon 22 Jul 2019
NewsSkyknight takes minority stake in Heffernan Insurance BrokersAmWINS backer Skyknight Capital has taken a minority shareholding in retail broker Heffernan Insurance Brokers (Heffernan).Mon 22 Jul 2019