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People Moves

Starr swoops on HDI for head of Europe

Starr Insurance Companies has appointed Joost Vink as head of Europe.

Mon 1 Oct 2018

News

Cyber

Guy Carpenter names Marsh’s O’Brien as cyber centre head

Guy Carpenter has named Siobhan O’Brien as head of the cyber centre of excellence for international and global specialties, the reinsurance broker announced today.

Mon 1 Oct 2018

News

Brexit

Markel’s German Brexit hub handed A rating by S&P

Markel’s German subsidiary that was set up to handle European business after Brexit has been given an A rating from S&P.

Fri 28 Sep 2018

News

Marine

CNA Hardy shutters marine hull book

CNA Hardy has become the latest Lloyd’s carrier to scale back its marine business as it pulls out of the hull market, Re-Insurance can reveal.

Fri 28 Sep 2018

News

Greenlight Re Innovations announces first investment

Greenlight Re’s technology and innovation fund has announced its first investment since it was launched in the first quarter of the year.

Fri 28 Sep 2018

News

Results

RSA shares plunge after profit warning

Shares in RSA were trading down by almost 10 percent this morning after the insurer warned of “disappointing” results in its London market business.

Fri 28 Sep 2018

MMC-JLT deal makes space for Holborn as top-10 reinsurance broker

Analysis

APCIA

MMC-JLT deal makes space for Holborn as top-10 reinsurance broker

MMC’s unexpected $5.6bn deal to acquire JLT, which will cement Marsh’s position as the world’s largest intermediary, will promote US broker Holborn into the number ten slot in Re-Insurance’s list of largest reinsurance brokers by revenue.

Fri 28 Sep 2018

News

Scor accuses Covea of significantly disrupting its business

Reinsurance powerhouse Scor has accused French mutual Covea of “significantly disrupting the functioning” of its business with a “hostile and unfriendly” takeover bid.

Fri 28 Sep 2018

News

RSA’s third quarter results hit by UK underwriting loss

London-headquartered insurer RSA has reported an underwriting loss of £70mn ($91mn) in the third quarter for its UK and London market business.

Fri 28 Sep 2018

News

Lloyd’s applies to PRA for £110mn Brussels loan

Lloyd’s investors will be asked to loan the Central Fund £110mn in 2019 to underpin the capital of Lloyd’s Brussels SE, its newly created European subsidiary that is designed to overcome potential “Brexit” hurdles.

Thu 27 Sep 2018

News

Cyber

Brokers find cyber threats most concerning emerging risk: Argo

Brokers have said cyberthreats are the emerging risk that they are most concerned about, according to a study by Bermudian (re)insurer Argo.

Thu 27 Sep 2018

News

Marine

Markel exits marine equipment business threatening jobs

Markel International has pulled out of writing marine equipment business with three underwriters facing the axe, Re-Insurance can reveal.

Thu 27 Sep 2018

News

CIAM continues Scor M&A war of words

The war of words between activist European investor group CIAM and Scor has continued this week with the former now accusing the French reinsurer’s executive management of holding its Board “hostage” with its resistance to a takeover approach from mutual group Covea.

Thu 27 Sep 2018

Ardonagh hires Turnbull as wholesale finance boss retires

News

People Moves

Ardonagh hires Turnbull as wholesale finance boss retires

Ardonagh’s finance director for its wholesale division Russell Benzies is to retire from the firm and be replaced by former RFIB CEO and industry heavyweight Jonathan Turnbull.

Thu 27 Sep 2018