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Updated: 10 min 46 sec ago

Charles Taylor agrees £261m deal to go private; firm says the offer was 'compelling'

19 September, 2019 - 15:35
Insurance services firm Charles Taylor has agreed to a "compelling" takeover deal by private equity firm Lovell Minnick Partners, which it hopes will deliver attractive returns to its shareholders.

Cayman-based Greenlight Re takes stake in digital managing general underwriter Coterie

19 September, 2019 - 15:32
Greenlight Re Innovations has acquired a stake in Coterie Applications, a digital managing general underwriter (MGU) focusing on the small and medium-sized enterprise commercial insurance market.

Finance firms 'quieter on Brexit' suggests planning mostly done: EY

19 September, 2019 - 15:10
As the number of financial services jobs and assets being relocated from the UK eases off, EY has suggested that this shows the sector is ready for Brexit.

Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US

19 September, 2019 - 15:00
Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.

Munich Re-backed commercial auto insurtech Inshur plans global expansion; hires Uber veteran to lead strategy

19 September, 2019 - 14:23
Munich Re-backed insurtech Inshur, a provider of commercial auto insurance for private hire drivers, has strengthened its leadership team to support its market expansion plans globally. The company currently operates in New York and the UK.

QBE North America appoints head of surety from Ironshore

19 September, 2019 - 14:04
Specialist insurer QBE North America has appointed Charles Cygal as head of surety.

Brit Re gets rating boost from AM Best; mulls reinsurance expansion in 2020

19 September, 2019 - 11:03
Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet.

Accounting standard IFRS 17 highlights how low interest rates hurt insurers: S&P

19 September, 2019 - 10:52
Accounting standard IFRS 17 is more realistic and consistent than the standard it replaces, IFRS 4, and will show how lower interest rates are hurting insurers.

Generali launches new specialty insurance division in the US

19 September, 2019 - 10:45
The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.

AXA LM builds run-off position with Munich Re Malaysia deal

19 September, 2019 - 10:40
AXA Liabilities Managers (AXA LM), the non-life re/insurance legacy firm, has acquired the non-life legacy portfolio of Munich Re Malaysia. The portfolio transfer will become effective on October 1, 2019.

Berkshire's BHSI expands France leadership with AIG, AXA XL hires

19 September, 2019 - 10:28
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its leadership team in France with the appointment of Katell Pouliquen as head of claims, Louis du Ché as head of property, and Ludovic Ruiller as head of environmental.

IGI to highlight workplace harassment at Dive In diversity event in Jordan

19 September, 2019 - 10:17
International General Insurance (IGI) is to focus on workplace harassment as it hosts the Dive In festival in Jordan later this month.

Markel taps Hamilton's Brenton Slade to build new ILS fund Lodgepine

19 September, 2019 - 10:08
Markel Corporation has hired Hamilton's Brenton Slade as president of Lodgepine Capital Management, its new retrocessional insurance linked securities (ILS) fund based in Bermuda.

Ascent hires MS Amlin's Paul Western as CUO post Cove merger

19 September, 2019 - 09:44
London-based cyber and specialty lines managing general agent Ascent Underwriting and Cove Programs, a US construction-focused MGA, has appointed Paul Western as group chief underwriting officer (CUO).

Coverys Managing Agency, which looks after Lloyd's syndicates 1975, 1991 and 3330, appoints David Hipkin as a non-executive director

19 September, 2019 - 09:35
Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991 and 3330, has appointed David Hipkin as a non-executive director.

BMS rings changes in US reinsurance actuarial and analytics team

18 September, 2019 - 15:50
BMS has announced the retirement of chief actuary Dave Spiegler, as it makes changes to its US reinsurance actuarial and analytics team.

Paul Houska joins reinsurance broker Holborn as senior VP; firm seeks US midwest growth

18 September, 2019 - 15:47
US reinsurance broker Holborn Corporation has appointed Paul Hoska as senior vice president, based in Kansas, as it seeks to grow further in the midwest region.

Firms ‘struggle’ to build strong cybersecurity culture’ as leaders spend less than a day a year on cyber risk, finds Marsh

18 September, 2019 - 15:40
A majority of board members and senior executives with responsibility for their organisation’s cyber risk management spent “less than a day in the last year” focusing on cyber risk issues, according to a survey from insurance broker Marsh and tech company Microsoft.

Operational risks such as pricing are top concerns for Lloyd’s CROs, finds LMA survey

18 September, 2019 - 11:28
Pricing, cost reduction and other “bread and butter” issues are the top concerns for chief risk officers (CROs) within Lloyd’s managing agencies.

Bahrain’s Trust Re hires new executive management talent to boost corporate governance; forms committee

18 September, 2019 - 11:23
Reinsurance firm Trust Re, headquartered in the Kingdom of Bahrain, has strengthened its executive management team with new appointments and formed a new executive committee.

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