News
VIG bolsters market share with Seesam acquisition
Vienna Insurance Group has acquired Estonia-based Seesam Insurance.
Chubb names Church as international property head
Chubb has named Brian Church executive vice president and head of international property for Chubb’s overseas general business, effective 1 January 2018.
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.
Insurance start-up Insure Pal to launch £15m initial coin offering
Insurance start-up Insure Pal is raising $18m (£15m) in an Initial Coin Offering to fund its UK motor launch in H1 2018.
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.
AGCS's board to change in July 2018
Several senior members of Allianz Global Corporate & Specialty's board are retiring in the middle of next year.
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.
Nat cat impact softened by strong commercial performance for Skuld
Skuld saw a 68.7% improvement to its bottom line result in the first nine months of the year to $27m (£20.1m), with the contingency reserve standing at $421m.
McLarens takes aim at HNW with Cunningham Lindsey hires
McLarens has hired two senior Cunningham Lindsey bosses to head up its new high net worth business.
JLT appoints head of employee benefits in Singapore
Global broker JLT has appointed an experienced head of employee benefits in Singapore.
French promoted at Chubb in Asia-Pacific
John French, Chubb's country president for Australia and New Zealand, has been appointed senior vice president, head of broker distribution for Asia-Pacific, starting next year.
Generali appoints Jaime Anchustegui as group chief operations and insurance officer
Jaime Anchustegui Melgarejo has been appointed as group chief operations and insurance officer of Assicurazioni Generali.
Canopius signs up to Flood Re
Canopius has agreed to cede risks to the UK government-backed Flood Re scheme.
GRP posts £150m GWP boost for 2017
Specialist insurance consolidator Global Risk Partners has seen gross written premiums rise £150m over the course of 2017.
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
FCA launches guidance on senior managers and certification regime
The Financial Conduct Authority has published proposals on how firms and individuals will move to the senior managers and certification regime.
Plum opens underwriting and service hub
Plum Underwriting has opened an underwriting and service centre in Basildon, Essex.
Brit launches Sussex Capital
Specialty insurer and reinsurer Brit has launched a Bermuda-domiciled reinsurance platform, Sussex Capital.
Axa divests from oil sands and commits €12bn for environmentally-friendly projects
Global French insurer Axa has divested from 25 oil sands (also known as tar sands) companies and made other environmental commitments at the One Planet Summit in Paris.
Guernsey-based funds complete first ILS trades on blockchain
Solidum Re has successfully completed the first two secondary market ILS trades on a blockchain.
Man sentenced after 13 false insurance claims
A man has been sentenced at Liverpool Crown Court after attempting to claim compensation on 13 separate occasions for alleged damage caused to his car.
Hood Group partners with Canopius Syndicate 4444
Data and technology insurance specialist, Hood Group, has partnered with Canopius Lloyd’s Syndicate 4444.