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Antares head of specialty Oliver to stand down

News

People Moves

Antares head of specialty Oliver to stand down

Antares’ long-standing head of specialty Kieran Oliver is to leave the Lloyd’s carrier next month, Re-Insurance can reveal.

Wed 26 Sep 2018

Hiscox Re & ILS names Dolphin chief operating officer

News

People Moves

Hiscox Re & ILS names Dolphin chief operating officer

London-listed carrier Hiscox has promoted Andrew Dolphin to the position of chief operating officer of its reinsurance and alternative capital arm - Hiscox Re & ILS.

Wed 26 Sep 2018

The Hartford’s bid for Navigators unchallenged during ‘go-shop’ period

News

M&A

The Hartford’s bid for Navigators unchallenged during ‘go-shop’ period

US insurance group The Hartford’s $2.1bn acquisition of specialty insurer Navigators went unchallenged during a 30-day “go-shop” period, paving the way for a shareholder vote on the deal.

Wed 26 Sep 2018

News

Losses

Insured losses for Typhoon Mangkhut could hit $2bn: AIR

Cat risk modelling firm AIR Worldwide has said insured losses across mainland China, Hong Kong, and Macau from Typhoon Mangkhut are likely to be between $1bn and $2bn.

Wed 26 Sep 2018

Broking veteran Newman set to retire from Ardonagh

News

People Moves

Broking veteran Newman set to retire from Ardonagh

London market broking veteran Gordon Newman is set to retire from the Ardonagh Group at the end of the year, re-Insurance can reveal.

Tue 25 Sep 2018

Underlying Lloyd’s H1 2018 CR stubbornly above 100%

Analysis

Results

Underlying Lloyd’s H1 2018 CR stubbornly above 100%

The challenges faced by Lloyd’s head of underwriting Jon Hancock to restore Lime Street’s underwriting fortunes were highlighted last week when, on an underlying basis, it was revealed Lloyd’s syndicates lost money from underwriting in H1 2018 with an accident year combined ratio of 101.2 percent, analysis by reveals.

Tue 25 Sep 2018

Comment

Results

Lloyd’s H1 results show there is much work to do

It takes a long time to turn an oil tanker around so no one should be surprised that Lloyd’s “closing the performance gap” initiative had little impact on the market’s H1 results that were published last week.

Tue 25 Sep 2018

Axis Insurance names Cullum international business development boss

News

People Moves

Axis Insurance names Cullum international business development boss

Axis has promoted Paul Cullum to the newly-created role of head of business development in its international division.

Tue 25 Sep 2018

Canopius: Hurricane Florence an ‘earnings’ event

News

Losses

Canopius: Hurricane Florence an ‘earnings’ event

Top-ten Lloyd’s insurer Canopius has today said the impact of Hurricane Florence was likely to be an “earnings event” for its flagship Syndicate 4444.

Tue 25 Sep 2018

Leadenhall Capital expands with Markel analyst

News

People Moves

Leadenhall Capital expands with Markel analyst

Leading London-based ILS fund manager Leadenhall Capital has tapped Markel for Sam Maynard as it continues to build out its non-life portfolio management team.

Tue 25 Sep 2018

News

Losses

Florence insured losses could hit $5bn: RMS

Modelling firm RMS has estimated that insured losses from Hurricane Florence will be between $2.8bn and $5bn.

Tue 25 Sep 2018

News

Energy

Alesco bolsters energy division with Miller hire

London market wholesaler Alesco has hired Steve Dewey from rival firm Miller.

Tue 25 Sep 2018

News

M&A

CBL’s administrators sell off EISL

The administrators of defunct New Zealand carrier CBL have sold its Tunbridge Wells-based construction insurer EISL.

Mon 24 Sep 2018

Kessler accuses CIAM of 'baseless' accusations in fightback

News

M&A

Kessler accuses CIAM of 'baseless' accusations in fightback

Scor chairman and CEO Denis Kessler has accused the European activist investor CIAM of making “baseless, false and misleading” accusations in its attempts to publicly draw the French reinsurer into takeover talks with bidder Covea.

Mon 24 Sep 2018