Search | The Insurer TV

News

Lloyd’s unveils prospectus to lower costs, enhance capital and simplify market access

The CEO of Lloyd’s John Neal has today rolled out his six-point turnaround strategy for the market, The Future at Lloyd’s.

Wed 1 May 2019

BMS looks to JLT Re’s Moss for Group CFO

News

People Moves

BMS looks to JLT Re’s Moss for Group CFO

London-headquartered (re)insurance broker BMS has named former JLT Re finance director Nick Moss as group chief financial officer reporting to CEO Nick Cook.

Wed 1 May 2019

News

Results

Arch beats despite Jebi creep

Arch Capital Group reported an earnings beat as it booked strong top line growth and high underwriting income for the first quarter, despite $16mn of loss creep from Typhoon Jebi.

Wed 1 May 2019

Markel’s combined ratio increases 5 points in Q1; CatCo fees plunge

News

Results

Markel’s combined ratio increases 5 points in Q1; CatCo fees plunge

Markel has reported a combined ratio of 95 percent for the first quarter compared to 90 percent for the first quarter of 2018, driven by less favourable development on insurance loss reserves and a slightly higher expense ratio.

Wed 1 May 2019

Marsh’s South: “We will fight” to keep every client

News

M&A

Marsh’s South: “We will fight” to keep every client

Marsh’s US executives have acknowledged that more departures will come in the aftermath of the JLT acquisition, but report that clients have been supportive.

Wed 1 May 2019

US commercial and London wholesale pricing boosts Chubb’s Q1

News

Rates

US commercial and London wholesale pricing boosts Chubb’s Q1

Analysts welcomed positive news on pricing from Chubb even as the carrier reported a modest miss on Wall Street earnings forecasts.

Wed 1 May 2019

News

Willis to begin middle market panel rollout with general industry offering

Willis Towers Watson North America is working on a general industry (GI) panel with eligible premium of around $600mn as part of a new Differentiated Broking Solutions (DBS) strategy for middle market clients, The Insurer can reveal.

Tue 30 Apr 2019

News

Cyber

Arch UK expands into cyber

The UK arm of Bermudian carrier Arch Insurance is set to launch its first cyber product aimed at businesses in the small to medium enterprise bracket.

Tue 30 Apr 2019

Comment

Ideas are easy, execution is the tough bit…

Tomorrow morning, Lloyd’s brokers and underwriters will gather for the publication of CEO John Neal’s plans to transform the fortunes of the market.

Tue 30 Apr 2019

JLT’s Construction Risk Partners in MBO negotiations

News

People Moves

JLT’s Construction Risk Partners in MBO negotiations

The leadership team of Construction Risk Partners is in the process of negotiating a management buy-out of the majority stake held in it by JLT following the broker’s acquisition by MMC, The Insurer can reveal.

Tue 30 Apr 2019

Besso bags JLT partner Coggill as post-MMC merger exits continue

News

People Moves

Besso bags JLT partner Coggill as post-MMC merger exits continue

Stuart Coggill, senior partner at JLT Specialty, is the latest to leave the broking house following the completion of the MMC merger, The Insurer can reveal.

Tue 30 Apr 2019

News

Neal promises no levy for Lloyd’s transformation

Speaking on the eve of the roll-out of his eagerly-awaited Lloyd’s transformation plan, Lloyd’s CEO reassured the market that there will be no market levy to fund the bold initiatives which include creating a risk exchange for vanilla, commodity-style risks.

Tue 30 Apr 2019

Gen Re moves Faraday CEO D’Arcy into new role

News

People Moves

Gen Re moves Faraday CEO D’Arcy into new role

Andrew D’Arcy has relinquished his role as Faraday CEO to become head of Gen Re international property casualty.

Tue 30 Apr 2019

News

NFP hires Pestana and other JLT execs for LA office

MMC-owned JLT Specialty USA real estate practice leader Gary Pestana is one of several executives to leave the firm to join expansive private equity-backed US retail broker NFP, The Insurer can reveal.

Tue 30 Apr 2019

DeMuth latest to depart JLT; moves to BMS

News

People Moves

DeMuth latest to depart JLT; moves to BMS

BMS has become the latest broking house to swoop on JLT, taking its Capital Markets senior vice president Chris DeMuth, in the growing fallout of staff following its acquisition by MMC.

Tue 30 Apr 2019

Argo’s Watson stresses shareholder support

News

Results

Argo’s Watson stresses shareholder support

Argo Group chief executive Mark Watson has highlighted support from “almost all” investors on long-term value creation, while refusing to be drawn on Voce criticism during a first quarter investor call with analysts.

Tue 30 Apr 2019