Bermuda
Fidelis takes stake in surety MGA
Bermuda-based Fidelis has taken an equity stake in small business MGA Firestone Surety.
Axis Capital’s reinsurance CEO to join Brit boards
Brit has chosen Axis Capital’s reinsurance CEO Jay Nichols to join the boards of Sussex Capital and Brit Re as non-executive director
Brit launches Sussex Capital
Specialty insurer and reinsurer Brit has launched a Bermuda-domiciled reinsurance platform, Sussex Capital.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Will the last of the Lloyd’s listed carriers be snapped up in the coming years?
The number of independent Lloyd’s listed carriers is dwindling. What will happen if the last players are swept up?
Fidelis launches MGA Radius
Fidelis has launched its first managing general agent, Radius, to be run by Rob Ashton.
Hamilton appoints Munich Re chief Giuseppina Albo as CEO
Munich Re board member Giuseppina Albo is leaving the group to become CEO of Hamilton Insurance Group.
Novae adopts Axis brand as deal is completed
Axis has completed its acquisition of Novae, which will be merged into the Bermudan-insurers brand.
Steve Eccles named CUO at Argo
Specialty underwriter Argo Group has named Steve Eccles as chief underwriting officer for its international business, subject to regulatory approval.
R&Q raises £45m additional capital to fund growth plans
Randall & Quilter has raised £45m in share capital which will provide “significant growth opportunities” in future, the company said.
Arron Banks's Eldon launches MGA
Arron Banks’s insurance company, Eldon insurance services has launched a managing general agent called Somerset Bridge.
Axis unveils £468m Novae acquisition timeline
Axis has announced the timeline for its £468m acquisition of Novae.
Sciemus to rebrand after securing investing partnership
Specialty Lloyd’s managing general agent Sciemus is set to rebrand after securing an investing partnership with HSCM Bermuda.
ILS reform could be 'too little too late' for UK, says AM Best
The London Market may have missed its chance to become a centre for insurance-linked securities despite a working structure expected in the next few weeks, said AM Best’s head of Europe.
Hurricane Irma insured losses to be 'significantly' higher than anticipated
Insured losses as a result of Hurricane Irma will be "significantly" higher than originally expected.
R&Q to continue trend of disposals and acquisitions in H2
R&Q will continue to dispose of non-key assets in the second half of the year following a 345% increase in pre-tax profit in H1.
Neon looks to Hiscox for new property underwriter
Former Hiscox underwriter Ben Murphy has joined Neon’s property Insurance team in London.
Market veteran Ian Burford joins Fidelis as specialised risks chairman
Ian Burford is joining Fidelis’ London underwriting team as chairman of specialised risks.
Novae shareholders give Axis deal the green light
Novae shareholders have overwhelmingly accepted a £477.6m takeover by Axis Capital with approximately 99.97% of shareholder votes cast in favour of the proposal.
Jabsheh moves to London to take on role as IGI UK executive director
International General Insurance Holdings has appointed Waleed Jabsheh as executive director of its UK board.
Axis increases Novae takeover offer to 715p per share
Axis has improved its cash offer to acquire Novae to 715 pence per share valuing the Lloyd’s listed insurer at approximately £477.6m.
Novae and Axis boards give acquisition the green light
The boards of Novae and Axis have agreed the terms of sale that will see the Bermuda-based reinsurer take over the Lloyd’s carrier.