Editorial Team

RSA appoints Ademoyo as UK construction lead

RSA Insurance has appointed Ade Adeyemo to head up construction for RSA’s UK risk consulting team, with long-time UK construction lead Trevor Chainey set to retire.

NFP continues UK M&A drive with GRS acquisition

Property and casualty broker NFP has continued its recent run of UK M&A with the acquisition of community insurance broker Gravity Risk Services (GRS).

DTW Syndicate 1991 investors face ~70% cash call for 2018 YoA

Investors in the defunct DTW Syndicate 1991 now face a near 70 percent cash call for the balance of the 2018 year of account (YoA) loss, as well as the 9.5 percent balance of the 2019 YoA loss and the 25.5 percent balance with the 2020 YoA loss in full.

Wakam restructures leadership with Charrier-Leflaive as CEO

French digital insurer Wakam has revealed a revamped governance structure with Olivier Jaillon as chairman and Catherine Charrier-Leflaive as CEO.

French insurance M&A wave continues as CVC supports KKR’s April acquisition

Private equity firm CVC’s credit arm is to support KKR’s acquisition of French insurance broker April Group with the commitment of senior credit facilities in a move which continues an active period of M&A in the French (re)insurance sector.

Swiss Re appoints Kerényi as CRO for P&C reinsurance

Swiss Re has appointed industry veteran Attila Kerényi as its chief risk officer and member of the executive committee for P&C reinsurance.

Gallagher appoints Sherbahn as Asia’s head of financial lines

Gallagher has appointed industry veteran Ralph Sherbahn as its head of financial lines for Asia.

Oneglobal names Spicer as global specialty CEO in executive shake-up

Oneglobal Broking has undertaken a number of changes to its senior leadership team including Roger Spicer’s promotion to CEO of global specialty.

Axa XL bolsters marine and mid-market with Lait and Hosking additions

Axa XL has announced two senior appointments including Adam Lait’s addition as senior underwriter of marine liability and ports for the UK and Lloyd’s.

Oneglobal launches partnership with MBPH in Taiwan

Oneglobal has partnered with insurance broker Mitsui Bussan Pana Harrison (MBPH) in Taiwan after the recent appointment of Huichih Ko as executive director of Oneglobal Asia.

Marine cyber MGA Astaara doubles underwriting limit to $25mn

Marine cyber MGA Astaara has increased its underwriting capacity and insurance limit from $12.5mn to $25mn.

LMA launches CUO committee with Chaucer’s Stacey as chair

The Lloyd’s Market Association has unveiled the membership of its newly formed chief underwriting officer committee (CUOC) with Chaucer’s CUO Nicola Stacey as its chair.

Chaucer: Fall in FX reserves driving demand for political risk cover

Chaucer has flagged a spike in demand for political risk insurance cover with a $1.07tn fall in global foreign exchange reserves driving an increase in economic uncertainty, raising the prospect of governments failing to pay foreign suppliers.

Acrisure expands in Central and Eastern Europe with Unilink acquisition

Acrisure has expanded its central and eastern European presence with the acquisition of its largest insurance distribution platform, Unilink Group (Unilink).

Ocean Re adds former Canopius reinsurance head Wakeling as CUO

Barbadian reinsurance carrier Ocean International Reinsurance Company (Ocean Re) has hired Jamie Wakeling as its chief underwriting officer in London.

Howden expands Middle East presence with Bahrain launch

Howden has launched Howden Bahrain after receiving a regulatory licence to establish operations from the Central Bank of Bahrain.

Gen Re adds McAuliffe and Zeller to international executive board

Gen Re has appointed Margaret McAuliffe and Alexander Zeller to the executive board of its German entity and main risk carrier for international business, General Reinsurance AG.

Aon appoints Pachlatko as head of cyber in Switzerland

Aon has appointed Manuel Pachlatko as head of cyber in Switzerland and merged the country’s cyber broking and cyber risk consulting units into one centre for cyber.

AIG’s $600mn+ HNW Lloyd’s unit posts $64.2mn loss despite remedial efforts

AIG’s high net worth (HNW) Syndicate 2019 posted an underwriting loss of $64.2mn last year, despite attempts throughout 2022 to reduce the volatility of its portfolio through a number of re-underwriting initiatives.