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Turnbull takes over from Pearce at Bishopsgate

News

People Moves

Turnbull takes over from Pearce at Bishopsgate

Jonathan Turnbull has taken over as CEO of Ardonagh’s London-based Bishopsgate Insurance Brokers subsidiary, according to the company’s website.

Tue 14 May 2019

News

Argo and Voce battle for shareholder proxy votes at AGM

In the latest installment of the Argo Group and Voce Capital saga, the two firms have gone head-to-head to secure the shareholder support necessary to build their preferred Argo International board of directors ahead of its AGM next week.

Tue 14 May 2019

Comment

Legal/ Regulatory

Finally some good news for Bermuda…

It’s not been a great year thus far for Bermuda’s (re)insurance industry and, by extension, the island’s economy.

Tue 14 May 2019

Bermuda grants first insurance regulatory sandbox licence to Akinova

News

Cyber

Bermuda grants first insurance regulatory sandbox licence to Akinova

Akinova has become the first company to be granted an insurance regulatory sandbox licence by the Bermuda Monetary Authority, under a framework that came into effect last July.

Tue 14 May 2019

Aspen Bermuda CEO, Group COO and head of international exit

News

People Moves

Aspen Bermuda CEO, Group COO and head of international exit

Aspen has parted company with several senior executives as recently installed group CEO and executive chairman Mark Cloutier oversees a restructure of the Bermudian under its new Apollo ownership.

Tue 14 May 2019

Markel swoops on Hiscox Re for head of North American property reinsurance in London

News

People Moves

Markel swoops on Hiscox Re for head of North American property reinsurance in London

Markel International has appointed Nick Lazarus as managing director of North American property reinsurance based in London.

Tue 14 May 2019

News

Chord Re and Verto Syndicate to launch Lloyd’s reinsurance consortium

Lloyd’s syndicate Verto 2689, backed by members’ agent Hampden, is to join a reinsurance consortium for the 2020 year of account, which will also be underwritten by Beat Syndicate-owned Chord Re.

Tue 14 May 2019

News

Cyber

US cyber growth slowed in 2018, Chubb market leader: Fitch

A new Fitch report reveals that US property/casualty insurers’ total cyber direct written premium growth moderated to 8 percent in 2018, down from 37 percent in 2017 and warns the cyber market is still untested.

Tue 14 May 2019

News

People Moves

TigerRisk confirms Bredahl hire

TigerRisk has appointed Rob Bredahl president and COO, with the recently departed Third Point Re executive also joining the firm’s board.

Tue 14 May 2019

News

Private Equity

Lee Equity confirms K2 acquisition

Lee Equity Partners has confirmed it has agreed a deal to buy a majority stake in MGA and program manager K2 Insurance Services in a move first revealed by The Insurer last month.

Tue 14 May 2019

MGA Ensurance launches terrorism unit with hire of Lockton’s Omnyy duo

News

War and terrorism

MGA Ensurance launches terrorism unit with hire of Lockton’s Omnyy duo

Construction and engineering MGA Ensurance has appointed Becky Steel and Dan Moorcraft to lead its new terrorism and sabotage unit.

Tue 14 May 2019

News

Hancock commits to greater consultation with Lloyd’s syndicates

After a bruising 2019 business planning process which led to many Lloyd’s insurers complaining of confusion, unexpected capital loadings and surprise rejection of plans, the Corporation has unveiled details of a more consultative approach.

Tue 14 May 2019

ArgoGlobal swoops on TMK’s Tan for international A&H

News

People Moves

ArgoGlobal swoops on TMK’s Tan for international A&H

ArgoGlobal, the Lloyd’s insurer and part of Argo Group, has appointed Zachary Tan as accident and health underwriter for the Asia Pacific and Middle East regions.

Tue 14 May 2019

News

Allianz P&C profit climbs 14 percent in Q1 despite Boeing and Vale Dam losses

German powerhouse Allianz reported an operating profit of Eur1.46bn ($1.64bn) in its P&C division in the first quarter of 2019, an increase of 14.2 percent on the same three-month period of 2018.

Tue 14 May 2019