Lloyd’s/London
PIB Group acquires Citynet
PIB Group has bought Citynet Insurance Brokers.
Structured Data Capture now live for all classes of business
The first phase of Structured Data Capture is now complete and live across all classes of business in the Lloyd’s market.
BP Marsh takes £5m stake in EC3 Brokers
BP Marsh has taken a 20% equity stake in Lloyd’s broker EC3 Brokers for a cash consideration of £5m.
Navigators secures market access through Belgian acquisitions
Navigators has purchased two Belgium-based businesses in a €35m deal which it hopes will allow continued access to the European market after Brexit.
Marsh names Moody as CEO of UK specialties
Broking giant Marsh has named Paul Moody as CEO of its UK specialties division.
Fidelis takes stake in surety MGA
Bermuda-based Fidelis has taken an equity stake in small business MGA Firestone Surety.
Tysers buys Cosmos’ London commercial lines business
Tysers has bought the London-based commercial lines business of Cosmos Services for an undisclosed sum.
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.
Guernsey-based funds complete first ILS trades on blockchain
Solidum Re has successfully completed the first two secondary market ILS trades on a blockchain.
Hood Group partners with Canopius Syndicate 4444
Data and technology insurance specialist, Hood Group, has partnered with Canopius Lloyd’s Syndicate 4444.
Duke of Norfolk joins Helios as non-executive director
Edward Fitzalan-Howard, the duke of Norfolk, has joined Helios Underwriting as a non-executive director.
Sector welcomes PM’s first Brexit deal
The insurance sector has welcomed news that the UK and EU plan to move onto the next phase of Brexit talks but stresses the need for certainty on the UK’s future trading relationship with the bloc.
Penny Black's Social World: December 2017
Astronauts, assault courses and an art bonus
Neon appoints Tim Overton as head of pricing
Neon has appointed Tim Overton to the newly created role of head of pricing.
Blog: Insurers need to manage currency risks
George Chapman, in charge of fund and institutional sales at Afex, explains how insurers can manage currency risks after the fall in sterling following the UK's vote to leave the European Union.
Former Lloyd’s management director Tom Bolt joins AIG
AIG has named former Lloyd’s performance management director Tom Bolt as chief underwriting officer, general insurance.
Hiscox Re names underwriting director
Hiscox has named Megan McConnell as director of underwriting for Hiscox Re in London.
Hiscox launches virtual cyber unit, names management team
Hiscox has brought together its cyber expertise to form a ‘virtual business unit’.
London market issue guide on GDPR
Trade bodies from across the London market have published guidance to help members navigate the impending implementation of the General Data Protection Regulation.
Compre CEO to step down
Compre’s Nick Steer will step down as CEO of the business, effective from March 2018.
Coverys gains Lloyd’s nod on med-mal Syndicate 1975
Boston-based medical malpractice insurer Coverys has received in principle approval from Lloyd’s to launch Syndicate 1975.
Industry welcomes ILS legislation approval
The insurance sector has welcomed the decision taken yesterday by the Delegated Legislation Committee in Parliament to allow proposed insurance-linked securities regulations to pass.
German D&O market marked by insured v insured claims
Ulrich Schaller, portfolio manager, financial & specialty markets, at QBE Insurance (Europe), explains the specificities of the German D&O market.