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AGCS promotes alternative capital business duo following restructure

News

People Moves

AGCS promotes alternative capital business duo following restructure

Allianz Global Corporate & Specialty (AGCS) has made two promotions in its Alternative Risk Transfer (ART) unit, with Grant Maxwell and Dan Tomlinson transitioning into new roles.

Thu 9 May 2019

Arcus 1856 taps Markel for head of North America property treaty

News

People Moves

Arcus 1856 taps Markel for head of North America property treaty

Credit Suisse’s Arcus Syndicate 1856 has appointed Nick James as underwriting manager for North America property treaty.

Thu 9 May 2019

Talanx Group Q1 operating profit up 4% to Eur616mn

News

Results

Talanx Group Q1 operating profit up 4% to Eur616mn

Germany’s Talanx Group – which includes HDI Specialty and Hanover Re – saw first quarter operating profit increase by 4 percent to EUR616mn, off the back of a healthy increase in gross written premium, up 11 percent compared to the prior year period to Eur11.7bn.

Thu 9 May 2019

News

Zurich P&C Q1 top line dips 2% despite rate uptick

Zurich Insurance P&C gross written premium slipped 2 percent in the first quarter of 2019 to $9.18bn.

Thu 9 May 2019

RSA UK premium income down 5%; underwriting actions take effect

News

Results

RSA UK premium income down 5%; underwriting actions take effect

London-Listed RSA saw first-quarter premium income fall 5 percent in its UK and international business, which the insurer said was in line with plans and reflects the impact of remedial underwriting actions taken last year.

Thu 9 May 2019

News

Results

Beazley premiums climb 16% in Q1

Lloyd’s blue-chip insurer Beazley saw gross written premiums climb 16 percent to $731mn in the first three months of 2019 driven by growth in both its specialty and political, accident and contingency divisions.

Thu 9 May 2019

Enstar’s StarStone combined ratio jumps to 132.6%

News

Results

Enstar’s StarStone combined ratio jumps to 132.6%

Enstar reported first quarter profits that benefited from gains on its investment portfolio, but also revealed a significant deterioration in the underwriting performance of its StarStone operation.

Thu 9 May 2019

Demeusy named US vice chairman of Aon Reinsurance Solutions

News

People Moves

Demeusy named US vice chairman of Aon Reinsurance Solutions

Aon has named Jay Demeusy as US vice chairman of its Reinsurance Solutions business.

Thu 9 May 2019

RSG to buy wholesaler Atlantic Specialty Lines

News

M&A

RSG to buy wholesaler Atlantic Specialty Lines

Expansive Ryan Specialty Group (RSG) has announced another acquisition with an agreement to buy wholesale broker Atlantic Specialty Lines.

Wed 8 May 2019

MMC sues NFP defectors to enforce non-solicitation and confidentiality agreements

News

Legal/ Regulatory

MMC sues NFP defectors to enforce non-solicitation and confidentiality agreements

MMC has sued NFP and four former JLT Specialty USA employees over the defection of real estate and property teams from the newly acquired broker.

Wed 8 May 2019

Guy Carpenter seeks to reinforce LatAm operations

News

People Moves

Guy Carpenter seeks to reinforce LatAm operations

Guy Carpenter has sought to bolster its Latin American operations in the wake of the JLT takeover with the formation of a Latin American and Caribbean (LAC) senior leadership group.

Wed 8 May 2019

Guy Carp names Carter Global Capital Solutions chair in latest management reshuffle

News

People Moves

Guy Carp names Carter Global Capital Solutions chair in latest management reshuffle

Guy Carpenter’s Vicky Carter has been appointed chairman of Global Capital Solutions International in a wide-ranging management reshuffle at the MMC-owned reinsurance intermediary.

Wed 8 May 2019

Beazley swoops on Zurich North America for head of property

News

People Moves

Beazley swoops on Zurich North America for head of property

Beazley has appointed Richard Montminy as global head of the carrier’s property division.

Wed 8 May 2019

Former JLT chairman Howard steps down from new GC role

News

People Moves

Former JLT chairman Howard steps down from new GC role

Industry veteran and former JLT Re chairman Ross Howard is set to retire from his new role at Guy Carpenter.

Wed 8 May 2019

Everest encouraged by T&Cs ahead of “potentially messy” renewals

News

Results

Everest encouraged by T&Cs ahead of “potentially messy” renewals

Everest Re’s management on an earnings call said, while it is not a hard market, the carrier is encouraged by pricing as well as improved terms and conditions ahead of the mid-year reinsurance renewals.

Wed 8 May 2019

JC Flowers appoints headhunting firm for SSL Endeavour chair role

News

People Moves

JC Flowers appoints headhunting firm for SSL Endeavour chair role

SSL Endeavour’s new owners – the private equity firm JC Flowers – has appointed headhunters Eliot Partnership to find a respected market figure to lead the newly-combined London market broker after a raft of departures and integration challenges.

Wed 8 May 2019