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Duclos named non-exec chair of Lloyd’s Global Network

News

People Moves

Duclos named non-exec chair of Lloyd’s Global Network

Lloyd’s has named industry veteran David Duclos as non-executive chairman of Lloyd’s Global Network, effective immediately.

Tue 5 Feb 2019

News

Sompo launches mortgage protection insurance for US lenders

Sompo International has unveiled a new mortgagee protection insurance product for US lenders.

Tue 5 Feb 2019

Sillat and Calise return with Balance Partners MGA

News

People Moves

Sillat and Calise return with Balance Partners MGA

Michael Sillat and Joe Calise have launched a new US specialty lines MGA platform called Balance Partners, The Insurer can reveal.

Tue 5 Feb 2019

RSA UK & International CEO Lewis exits; Egan takes helm

News

People Moves

RSA UK & International CEO Lewis exits; Egan takes helm

The chief executive of RSA’s UK & International division Steve Lewis is departing from the UK insurer.

Tue 5 Feb 2019

News

Cyber

Beazley launches combined cyber and executive risk division

London carrier Beazley has launched a cyber and executive risk division led by its head of cyber and executive risk Mike Donovan.

Tue 5 Feb 2019

News

Casualty Reinsurance

Hannover Re grows top line by 15.4%

Reinsurance giant Hannover Re reported a 0.9 percent premium pricing increase on renewals at 1 January with an overall double-digit boost of 15.4 percent to the top line of its traditional P&C portfolio.

Tue 5 Feb 2019

Scor defends Covea legal action as spat with CIAM intensifies

News

Results

Scor defends Covea legal action as spat with CIAM intensifies

The chairman and CEO of Scor, Denis Kessler has written a response to activist investor CIAM in defence of legal actions taken against French powerhouse Covea.

Tue 5 Feb 2019

News

Global Risk Partners acquires Peter Cullum’s Trimulgherry Investments

Specialist insurance consolidator Global Risk Partners (GRP) has acquired Trimulgherry Investments Ltd (TIL) for an undisclosed sum.

Tue 5 Feb 2019

Numis drops Lancashire FY profit estimate to $16mn

News

Losses

Numis drops Lancashire FY profit estimate to $16mn

Numis Securities expects Lancashire to post a “small” profit of $16mn at full year, despite forecasting the London-market carrier to report an above-consensus loss of $33mn for the fourth quarter.

Tue 5 Feb 2019

ProAssurance to review Dale Syndicate 1729 participation

News

Results

ProAssurance to review Dale Syndicate 1729 participation

ProAssurance is set to review strategic options for its Lloyd’s platform after higher-than-expected losses from Hurricane Michael contributed to a fourth quarter profits warning.

Mon 4 Feb 2019

The Hartford beats and unveils $1bn share buyback plan

News

Results

The Hartford beats and unveils $1bn share buyback plan

The Hartford shrugged off higher cat losses in its P&C division as it delivered a solid fourth quarter earnings beat and announced a new $1.0bn share repurchase plan.

Mon 4 Feb 2019

Munich Re America looks to flatten UW structure

News

People Moves

Munich Re America looks to flatten UW structure

Munich Re America has realigned its executive leadership and appointed heads of property, casualty, specialty and innovation in a move that it says reflects a flatter underwriting structure.

Mon 4 Feb 2019

PG&E paid a mere $27mn for totalled $200mn cat bond

News

Losses

PG&E paid a mere $27mn for totalled $200mn cat bond

Californian utility PG&E paid a mere $26.8mn for its $200mn wildfire cat bond - Cal Phoenix Re - which is expected to have been totalled only months after its launch, according to a bankruptcy motion filed by the energy provider.

Mon 4 Feb 2019