Former Aspen head launches Chord Re MGA

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Former Aspen Re head Stefan Long has launched managing general agent Chord Re, which will underwrite on behalf of Neon Syndicate 2468.

The group will start quoting for specialty-focused reinsurance lines, including marine and marine composite, property, engineering, aviation & space, terror, nuclear and cyber, from 1 January 2018.

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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