WR Berkley Lloyd’s co-director of underwriting Campbell exits

Mon 1 Apr 2019

Beach taps Miller and Marsh for London wholesale team as Humphrey exits

(Re)insurance broking house Beach has continued to build out its wholesale operation in London with two hires - Nick Fearon and Lee Bonnett – who join from Miller Insurance Services and Marsh respectively.

Mon 1 Apr 2019

Best and worst Lloyd’s syndicates in 2018

* Axa/XL largest loss at $302mn** Most syndicates in 2018 loss making*** Worst-performing syndicate by 2018 combined ratio ICAT 6123**** Chaucer 1176 leads best-performers with 31 percent combined ratio

Mon 1 Apr 2019

R&Q closes Western Captive acquisition

Legacy acquisition firm Randall & Quilter (R&Q) has received approved from the Central Bank of Ireland to complete the acquisition of Western Captive Insurance Company DAC from its owners, the Coffey Group.

Mon 1 Apr 2019

Chaucer Syndicate 1176 once again best-performing Lloyd’s syndicate

Chaucer’s nuclear specialist Syndicate 1176 has once again topped the performance of best performing Lloyd’s syndicates in 2018 with a mere 30.7 percent combined ratio, analysis by The Insurer can reveal (see table).

Mon 1 Apr 2019

TMK parachutes in HCC’s Brad Irick to advise on governance

TMK, one of Lloyd’s largest (re)insurers, has parachuted in a senior Houston-based executive from sister company Tokio Marine HCC to further improve its operational and management effectiveness after it posted its second annual loss in a row.

Mon 1 Apr 2019

Brit builds out Bermuda property reinsurance team

Brit has appointed Kristina Maffit as vice president of property reinsurance for Brit Global Specialty Bermuda (BGSB).

Mon 1 Apr 2019

Neal takes over LM TOM oversight until Khoury-Haq replacement found

Lloyd’s CEO John Neal has taken over effective responsibility for overseeing process efficiencies in the London Market, a project called LM TOM, until the Corporation appoints a new chief operating officer.

Mon 1 Apr 2019

MMC completes $5.6bn JLT deal

MMC has today completed its £4.3bn ($5.6bn) acquisition of UK-headquartered broker JLT Group, cementing its position as the industry’s largest global (re)insurance broker with a particular pre-eminence in specialty distribution.

Mon 1 Apr 2019

Allied World restructuring returns Lloyd’s arm to profit; latest to exit aviation

* Worst 2017 performer recovers** Exits aviation*** Excludes US biz from group QS**** Acquires $20mn “bespoke” class

Mon 1 Apr 2019

LatAm specialist Probitas finally edges into profit

Mon 1 Apr 2019

Willis’ $1.2bn Tranzact deal likely precludes more big buys in 2019

Willis has followed through on recent signals that it has M&A funds available with the acquisition of Tranzact, a direct-to-consumer healthcare broker, for a price that one estimate said implies 23.7x trailing earnings.

Mon 1 Apr 2019

Arch’s Irish unit expands offering as part of Brexit plan

Arch has revealed a Brexit plan for its European insurance operations, including receiving approval for its Irish mortgage insurance unit to expand into other lines.

Fri 29 Mar 2019

Markel transfer of European business approved

Markel International has completed the transfer of the European business of its London insurance company to its Munich-based insurance company to protect against the impact of Brexit.

Fri 29 Mar 2019

​MMC and JLT London staff in major office restructure with $5.6bn deal closure imminent

Marsh’s London staff will relocate to JLT headquarters later this year following completion of the landmark £4.3bn ($5.6bn) acquisition on Monday (1 April).

Fri 29 Mar 2019

Nexus launches new broker platform and signals imminent acquisition

Expansive intermediary Nexus Group has consolidated its broking operations into a London-based entity called Xenia Broking Group and revealed the new platform has already raised funds for an imminent acquisition.

Fri 29 Mar 2019