ASR appoints O’Donnell as CFO to replace outgoing co-founder HowettPan-African reinsurance group Africa Specialty Risks has appointed Ciaran O’Donnell as its chief financial officer.
Aon names Alcott as UK chief commercial officerAon has named Matthew Alcott as its UK chief commercial officer (CCO), as well as serving as its large and mid-market segment leader.
Rokstone launches Great American-backed PI facilityInternational specialty (re)insurance MGA Rokstone, part of the Aventum Group, has launched a global professional indemnity facility with the hire of Optio’s Josh Smith.
Stubben Edge mulls Lloyd’s SIAB launch after valuation hits £175mnStubben Edge is mulling plans to enter the Lloyd’s market in the near future through the launch of a syndicate-in-a-box after the London-headquartered fintech last week secured a £175mn ($211.28mn) valuation, The Insurer understands.
Markel International expands T&L team with dual hireMarkel International (Markel) has hired Jared Short and Joe Holiday as senior underwriter and underwriter within its transport and logistics team (T&L).
AM Best goes negative on Fidelis after completion of MGU splitAM Best has revised the outlook to negative from stable on its A (Excellent) financial strength ratings of Fidelis Insurance Bermuda (Fidelis) and its subsidiaries due to concerns over its $2bn+ MGU split.
Australia’s insurers urge policymakers to tackle extreme weather riskAustralian insurers met with federal ministers for the first hazards insurance partnership meeting earlier this week to discuss how the sector can work with government to tackle worsening extreme weather events that have been driving up insurance costs.
Amwins Global Risks acquires marine and energy broker RAPAmwins Global Risks, the Lloyd’s wholesale broker formerly known as THB Group, has acquired specialist broker Roberts Armytage & Partners (RAP).
Swiss Re to split reinsurance business in operational restructureSwiss Re is set to revamp its organisational structure through the split of its reinsurance business into separate P&C Re and L&H Re units.
AGCS takes Chaucer’s Graham to lead London marine unit as Whitehouse departsAllianz Global Corporate & Specialty has appointed Chaucer’s Philip Graham as head of marine for its London and Nordic practice and global product lead for marine liability.
Aspen appoints Duffy as a non-executive directorAspen has appointed Mike Duffy as a non-executive director of Aspen Managing Agency and Aspen Insurance UK.
Boxx raises $14.4mn in Zurich-led Series B roundCyber insurtech Boxx Insurance has raised $14.4mn in a Series B funding round led by Zurich Insurance Group.
Moody’s adjusts European P&C outlook to negativeMoody’s has adjusted its outlook for the European P&C insurance sector to negative, suggesting that its operating conditions are expected to deteriorate over the course of 2023.
WTW launches $50mn excess layer cyber facility, CyXSWTW has launched a $50mn excess layer cyber facility called CyXS, available to WTW clients that purchased excess layer cyber programmes.
Tryg CEO Hübbe to step down and be succeeded by BrammerDanish insurer Tryg has appointed Johan Kirstein Brammer as group CEO of Tryg A/S and Tryg Forsikring A/S as long-serving Morten Hübbe steps down after 20 years on the executive board and 12 years in the top role.
Hauser: Isle of Man Insurtech Accelerator Program “exceeded our expectations”The first-ever Isle of Man Insurtech Accelerator Program has concluded its four-month program with the organisers suggesting it “exceeded our expectations.”
Clyde & Co grows in LatAm with Hoetz as partner in ChileGlobal law firm Clyde & Co has hired (re)insurance and claims settlement expert Felipe Hoetz as a partner within Clyde & Co Chile.
Allianz Partners appoints Latchford as chief sales officerAllianz Partners UK and Ireland (Allianz Partners) has appointed Marcus Latchford as its chief sales officer.
At-Bay becomes full-stack carrier following licensed E&S insurer acquisitionCyber insurtech At-Bay has completed the acquisition of Delaware-domiciled excess and surplus lines P&C insurer At-Bay Specialty Insurance Company from XL Insurance America Inc, marking the firm’s transition to a full-stack carrier.
North and Standard Club receive formal approvals to finalise mergerProtection and indemnity (P&I) mutuals North and Standard Club have received the required formal approvals from regulators to finalise a proposed merger and to form a new combined entity, NorthStandard.