NewsCommercial autoWR Berkley launches commercial auto unit led by former AIG execUS insurer WR Berkley has formed Berkley Prime Transportation, with former AIG executive Jeanne Fenster as president of the new division.Thu 27 Jun 2019
NewsLossesPuerto Rico insurer One Alliance’s credit rating downgradedAM Best has downgraded the credit rating of One Alliance Insurance Corporation – a Puerto Rican insurer set up in late 2015 – because its Hurricane Maria losses are close to exhausting its reinsurance.Thu 27 Jun 2019
NewsM&AIAG considers disposal of stake in India’s SBI GeneralSydney-headquartered Insurance Australia Group (IAG) has held talks with external parties on the potential sale of all or part of its 26 percent stake in India’s SBI General Insurance Company (SBIG).Thu 27 Jun 2019
NewsLegal disputeGuy Carp demands trial in Lockton defectors caseGuy Carpenter and Marsh & McLennan Companies (MMC) have filed an amended complaint in their dispute with former executives Tim Gardner, Nick Durant and Claude Yoder, demanding a trial over their defections to Lockton Re.Thu 27 Jun 2019
NewsPeople MovesAon unveils shared global broking and specialty leader rolesAon has expanded the responsibilities for several leaders in its Commercial Risk Solutions division, including appointing a global chief broking officer (CBO) and co-leaders of the Global Specialties segment.Thu 27 Jun 2019
NewsPeople MovesApollo hires former XL Catlin political risk underwriterApollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969.Thu 27 Jun 2019
NewsPeople MovesAIG appoints Tata exec as head of shared servicesAIG has hired Shane Fitzsimons in the newly created role of global head of shared services, joining from Tata Group.Thu 27 Jun 2019
NewsHomeowners insuranceFedNat hires former Heritage CUO to lead Monarch growthFedNat has hired former Heritage and UPC Insurance executive Mel Russell as vice president and head of its Monarch National subsidiary.Thu 27 Jun 2019
NewsPeople MovesAIG’s Blackboard appoints underwriting head from CNAJohn Mizzi has been appointed head of growth and underwriting at Blackboard Insurance, replacing Ed Pulkstenis, who moves into a newly created role of head of machine augmented solutions.Thu 27 Jun 2019
News‘Light touch’ approval won’t change our strategy: Munich Re Syndicate’s CEOThe receival of automatic approval for its 2020 business plan at Lloyd’s will not change Syndicate 457’s approach to growing its business, Munich Re Syndicate CEO Thomas Artmann has told The Insurer.Thu 27 Jun 2019
NewsPeople MovesTigerRisk confirms JLT Re binding authority and program hiresTigerRisk has appointed Neill Cotton and Mark Sleet partners at the expansive broking house in a move first revealed by The Insurer earlier this month. Thu 27 Jun 2019
NewsPeople MovesHiscox seeking new CUO as Watson retiresHiscox’s chief underwriting officer Richard Watson will retire from his role after 33 years at the Lloyd’s blue-chip. Thu 27 Jun 2019
NewsPeople MovesSwiss Re’s Higginbotham replaces Plunkett as Asia CEOSwiss Re has named Russell Higginbotham CEO of reinsurance in Asia and regional president. Thu 27 Jun 2019
NewsLegal/ RegulatoryCalifornia disaster insurance bill clears key committeeA bill that would enable the state of California to take out insurance and buy catastrophe bonds against wildfires and other disasters has cleared a key committee in the Assembly, following Senate approval in May.Wed 26 Jun 2019
NewsProgramProgram/MGA trio leave JLT Re for BMSJohn Speckman, Desmond Bohan and Greg Alberti are the latest former JLT Re executives to join BMS in the US, The Insurer can reveal.Wed 26 Jun 2019
NewsCasualty ReinsuranceNA casualty chief Holtmeier to leave JLT ReGregg Holtmeier, who was North American casualty team leader at JLT Re, is set to leave the firm as its operations are integrated with Guy Carpenter, The Insurer can reveal.Wed 26 Jun 2019