Editorial Team

Lloyd’s shuts down Austria, Finland and Poland offices

Lloyd’s Insurance Company S.A (Lloyd’s Europe) has announced it has closed its Austria, Finland, and Poland offices, effective from 31 July.

Allianz Commercial appoints Thiem and Vincenzi to lead CEE and southern Europe

Allianz Commercial has revealed that Stefanie Thiem has been appointed to lead the Central & Eastern Europe region, while Marco Vincenzi will head up Southern Europe.

Sompo International names Emily Poh as head of professional lines for Asia Pacific

Sompo International has named Emily Poh as its head of professional lines insurance for Asia Pacific.

Insuring women’s football: Protecting the game and its players

Exploring the relationship between women's football and the insurance industry captures the evolving understanding of risk, the role of technology and data, and the necessity of insurance to a maturing sport, writes Guy Bonwick, head of international A&H at Axis.

Marsh McLennan acquires Costa Rica-based broker Asprose

Marsh McLennan has reached an agreement to acquire Costa Rican insurance broker, Asprose Corredora de Seguros (Asprose).

Thomas Miller Specialty names Volger CUO

Thomas Miller Specialty (TMS Marine) has appointed Heldge Volger as its chief underwriting officer in its strategy as part of its strategy to move its P&I capacity to the UK P&I Club.

Everest Insurance International bolsters leadership with Chubb’s Brionne and Benson

Everest Insurance International, a division of Everest Group, has named Véronique Brionne as insurance head of Europe and Martyn Benson as head of operations.

Clear Group continues MGA drive with Profile Underwriting acquisition

UK broker consolidator Clear Group has continued its expansion into the MGA market with the acquisition of leading specialist commercial lines MGA, Profile Risk Solutions (Profile Underwriting).

Pen forms standalone UK financial lines and specialist liability division

Gallagher’s UK-based MGA Pen Underwriting is to separate out its international & financial lines (IFL) division and form a standalone UK financial lines and specialist liability division.

Cincinnati Global’s Syndicate 318 sees NWP jump 19% in Q2

Cincinnati Global, which operates Cincinnati’s Lloyd’s Syndicate 318, has reported its second quarter results with a 19 percent increase in net written premiums year on year to $82mn.

Chubb’s management denies reports of prospective Kotak acquisition

Chubb’s management has denied reports that it is in talks to acquire a stake in India’s Kotak General Insurance, according to a note by Citi Bank analyst, Michael Ward.

Arch places London MGA platform Castel up for sale

Arch Capital Group has placed its London-headquartered MGA platform Castel Underwriting Agencies up for sale, The Insurer can reveal.

Allianz Trade partners with TFG on trade finance initiative

Trade Finance Global (TFG) has partnered with Allianz Trade in the launch of TFG Distribution Finance, an initiative to bridge the trade finance gap.

Helios acquires Park Farm Underwriting for £3.23mn

Acquisitive investment and underwriting vehicle Helios Underwriting has completed a further limited liability vehicle (LLV) transaction with the acquisition of Park Farm Underwriting for £3.23mn ($4.14mn).

Conduit appoints Shelley as non-executive director

Conduit Holdings Limited (CHL), the parent company of Conduit Re, has appointed Rebecca Shelley as a non-executive director, with effect from 24 July 2023.

Chubb promotes Habils to head of property in Asia

Chubb has promoted Adrian Habils as head of property in Asia for its general insurance business.

AIG appoints Chubb’s Cairns to lead Australia and New Zealand

AIG had appointed Chubb’s Grant Cairns as its CEO of AIG Australia and head of Australia and New Zealand.

Allianz Trade names Markesteijn as head of surety and guarantees for Asia Pacific

Allianz Trade has appointed Chris Markesteijn as regional head of surety and guarantees in Asia Pacific.

GRP continues M&A drive with KPTI acquisition

Brown & Brown owned GRP has continued its recent M&A run with a deal to purchase 100 percent of the share capital of commercial broker SB2 Limited, the holding company for IS Insurance Solutions (KPTI).

NZIA ditches emissions targets

The Net-Zero Insurance Alliance (NZIA) has abolished the requirement for remaining members to publicly set or publish targets related to the decarbonisation of their underwriting portfolios.

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