Search | The Insurer TV

Bermuda proposes new collateralised reinsurer class

News

Legal/ Regulatory

Bermuda proposes new collateralised reinsurer class

The Bermuda Monetary Authority (BMA) has released a proposal to introduce new classes of fully collateralised reinsurer and a new class of intermediary to reflect the growing interest in insurtech.

Wed 15 May 2019

Fatt takes up lead construction role at Gallagher

News

People Moves

Fatt takes up lead construction role at Gallagher

Broker Gallagher has promoted Stuart Fatt from head of international construction to managing partner of the business unit.

Wed 15 May 2019

Georgia insurance commissioner indicted over alleged $2mn scheme

News

Legal/ Regulatory

Georgia insurance commissioner indicted over alleged $2mn scheme

Georgia insurance commissioner Jim Beck has been indicted by a federal grand jury on charges of wire fraud, mail fraud and money laundering.

Wed 15 May 2019

What happens when an ILW trigger underdelivers? A critical look at 2018…

Comment

Losses

What happens when an ILW trigger underdelivers? A critical look at 2018…

Last year the industry was reminded of the importance of using accurate loss data triggers for ILWs. Will the lesson be learnt, asks Thomas Johansmeyer, co-head of PCS.

Wed 15 May 2019

News

Glass Lewis throws weight behind Voce in Argo battle

Shareholder proxy group Glass Lewis has backed two of activist investor Voce Capital Management’s nominations for the Argo board, as well as the removal of chairman Gary Woods.

Wed 15 May 2019

THB swoops on JLT Re for binding authority duo

News

People Moves

THB swoops on JLT Re for binding authority duo

AmWins-owned broker THB has lured two former JLT Re partners, Lee Collins and Adrian Steele, to lead its binding authorities unit.

Wed 15 May 2019

News

Energy

Clyde & Co launches parametric product for solar energy users

Contract will pay out in the event of poor weather

Wed 15 May 2019

News

Ontario Teachers, Canadian funds in BMS sale talks

Ontario Teachers’ Pension Plan (OTPP) is a frontrunner in the sale process for expansive London wholesaler BMS, The Insurer can reveal.

Wed 15 May 2019

News

Goldman Sachs frontrunner to buy UK broker Aston Lark

The private equity arm of Goldman Sachs has emerged as the likely winner in the bidding process for UK commercial broker Aston Lark Group and a formal announcement could be imminent, The Insurer understands.

Wed 15 May 2019

News

Recruit top talent or get left behind, BIBA’s White warns

The UK broking sector must do better at recruiting tech-savvy talent as well as attracting the range of skills needed in the fast-changing insurance broking sector, the chief executive of the British Insurance Brokers’ Association has said.

Wed 15 May 2019

News

Results

Gard sinks to $53mn loss in 2018

Despite reporting a $27mn profit at the half-year mark, the largest of the P&I clubs made a loss of $53mn in 2018 – compared to an after-tax annual profit of $193m in the previous year.

Wed 15 May 2019

BIBA names Evans to replace Lord Hunt as chair

News

People Moves

BIBA names Evans to replace Lord Hunt as chair

The British Insurance Brokers’ Association (BIBA) has named former Insurance Minister Jonathan Evans as chair of the trade body, succeeding Lord David Hunt of Wirral whose tenure ends in December 2019.

Wed 15 May 2019

News

Cyber

Beazley introduces cyber cover to marine portfolio

London carrier Beazley has launched a cyber product to cover loss of hire and physical damage to a vessel in the event of a cyber incident impacting its operational capabilities.

Wed 15 May 2019

BIBA and Pool Re launch broker guide to terrorism insurance

News

Political risk

BIBA and Pool Re launch broker guide to terrorism insurance

Britain’s state-backed terrorism reinsurer Pool Re and the British Insurance Brokers’ Association (BIBA) have collaborated with numerous government departments to launch a guide on terrorism insurance, to support brokers’ understanding of the risk class.

Wed 15 May 2019