Editorial Team

Darag completes novation transaction with Cayman-based captive

Legacy acquirer Darag has concluded a transaction with an undisclosed Cayman-based captive insurance company through its Bermudian insurance carrier, Darag Bermuda.

Pet insurer PPG expands into UK with Animal Friends acquisition

Pan-European pet insurance provider Pinnacle Pet Group (PPG) has expanded into the UK with the acquisition of pet insurer Animal Friends Investment.

Cowbell launches UK operation led by CFC’s Hughes

Cyber MGA Cowbell has launched its UK operations with CFC’s Simon Hughes appointed as general manager for Cowbell UK.

Gallagher Re bolsters renewable energy practice with Siemens’ McMillan

Gallagher Re has appointed Robert McMillan as renewable energy practice leader within its global marine and energy team.

BMS launches Middle East operations with acquisition in UAE

BMS has launched its Middle East operations with the acquisition of a majority share in broker Berns Brett Masaood (BBM).

Swiss Re’s organisational restructure goes live

Swiss Re’s organisational restructure has gone live with its reinsurance units separated into property and casualty reinsurance (P&C Re) and life and health reinsurance (L&H Re) under new leadership, confirming reporting by The Insurer in February.

Lloyd’s appoints Loynes as CEO of Asia

Lloyd’s has appointed Emma Loynes as its country manager for Lloyd’s in Singapore and as CEO of Lloyd’s Asia.

PPL Next Gen opens to placements for the entire market

PPL Next Gen has today opened to placements for the entire market following four weeks of limited access while market firms completed training and preparation activities.

US convective storm to cost hundreds of millions in insured losses: Aon

The series of convective storms that broke out in the US between March 23-27 is anticipated to have caused insured losses that will reach the hundreds of millions according to Aon.

Arch promotes Page to head of marine hull and war

Arch Insurance International has promoted Jason Page as its head of marine hull and war following the retirement of Mark Watters.

IRLA restructures board for 2023/24 as Corver steps down

The Insurance Reinsurance Legacy Association (IRLA) has restructured its board for 2023/24 with longtime member and former board chairman Paul Corver set to retire.

Tremor launches cat bond issuance platform

Reinsurance pricing and placing platform Tremor Technologies has launched a cat bond issuance platform called Tremor Issuer.

WTW: Global dealmakers outperform wider market in first quarter

Global M&A deal activity fell to its lowest point in eight years in the first quarter of 2023, according to research from WTW, but the global broker found that firms engaged in high-value deal activity continued to outperform listed peers.

Gallagher set to launch direct presence in Sweden

Gallagher is set to launch its first direct presence in Sweden following the integration and rebranding of its three individual Swedish businesses Brim, Nordic and Proinova.

Cincinnati Global rules out EACOP coverage

Lloyd’s insurer Cincinnati Global has confirmed it will not insure the East African Crude Oil Pipeline, according to Insure Our Future, joining the list of 22 other (re)insurance companies that have ruled out coverage for the controversial project.

Perils estimates insured loss for Cyclone Gabrielle at NZ$1.54bn

Loss aggregator Perils has released an initial industry loss estimate of NZ$1.54bn ($960mn) for Cyclone Gabrielle, which brought strong winds and rainfall to New Zealand’s North Island from 11 to 17 February.

IAG appoints Thorpe as independent non-exec director

IAG has appointed Wendy Thorpe as an independent non-executive director to the IAG Board.

Data Council publishes CDR v3.2 and MRC v3 to continue market modernisation drive

The London Market Data Council has published its Core Data Record (CDR v3.2) for open market business and the latest version of the Market Reform Contract (MRC v3).

BMS adds Munich Re’s Tigleanu as divisional director of cyber strategy

Broker BMS has appointed Munich Re’s Monica Tigleanu as its divisional director of cyber strategy.

Lemonade’s Crypto Climate Coalition backs nearly 7000 Kenyan farmers in first pilot

Lemonade’s Crypto Climate Coalition has concluded its first pilot with nearly 7000 farmers in Kenya enrolling in the blockchain-powered parametric crop protection scheme.

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