Consilium appoints Ed’s Richards as co-CEOInternational specialty wholesale broker Consilium has continued its assault on The Ardonagh Group’s Ed Broking with the appointment of Paul Richards as co-CEO.
Miller hires Connolly as head of M&AMiller has appointed Claire Connolly as head of M&A, a move the broker said would support the firm’s continued growth ambitions.
Sompo Intl hires Aon’s Dixon as Canada P&C CEO, promotes AgriSompo duoSompo International has announced a trio of appointments, with Rohan Dixon as its Canadian P&C division’s president and CEO and two promotions within its multinational crop insurance platform, AgriSompo.
Skyward Specialty shares close up 27%+ after first day of tradingShares in Skyward Specialty Insurance Group ended their first day of trading up over 27 percent at $19.10 after the carrier had earlier rang the bell and successfully went public on Nasdaq on Friday morning with an upsized IPO at $15 a share which could raise up to $154mn including a green shoe option.
Skyward Specialty prices upsized $154mn IPOSkyward Specialty Insurance Group has priced its upsized initial public offering (IPO) at $15 a share which will raise up to $154mn including a green shoe option with the stock set to begin trading under the ticker SKWD on the Nasdaq Global Select Market on Friday.
Intact facing C$143mn Q4 cat hitIntact Financial Corporation’s fourth quarter 2022 results will include an estimated C$143mn ($107mn) of pre-tax catastrophe losses with windstorms in Canada and freezing weather in the UK and Ireland (UK&I) late last year accounting for the bulk of the hit.
First Underwriting launches into motorsport insurance with SlipstreamSpecialist insurance MGA First Underwriting, wholly owned by Kingfisher UK Holdings, has launched Slipstream Underwriting (Slipstream), its new motorsport insurance brand.
R&Q head Spiegel nets £1.9mn after selling half of his golden hello stock allocation to fund tax billWilliam Spiegel has sold more than half of the R&Q shares he was allocated after joining the company in 2020 citing tax reasons for the decision.
GRP makes third acquisition of 2023 with BPW buyBrown & Brown-owned UK intermediary Global Risk Partners (GRP) has acquired broker BPW Insurance Services Ltd (BPW).
WTW to combine Asia and Australasia operations under WeaverWTW has combined its Asia and Australasia operations into one Asia Pacific region under the leadership of Simon Weaver.
Mosaic opens new Dubai office with three specialist underwriter hiresMosaic has opened an office in Dubai and appointed three specialist underwriters to operate out of the location.
Clyde & Co makes Giani hire to lead new Italy practiceInsurance specialist law firm Clyde & Co has hired insurance partner Leonardo Giani, and has also announced the opening of a new office in Milan.
Lords push forward UK’s post-Brexit financial services reformsThe House of Lords has cleared controversial reforms to bolster the City of London's role as a global financial centre and which promise to unlock “tens of billions of pounds” of insurance capital for investment.
IAG renews 20% whole account quota share with Berkshire for 7 yearsIAG has renewed its 20 percent whole account quota share (WAQS) with Berkshire Hathaway subsidiary National Indemnity (NICO), with the revised terms of the transaction extending from 1 January 2023 all the way to the end of 2029.
Gallagher acquires student insurance specialist JCBGallagher has acquired California-based John C. Breckenridge Insurance Solutions (JCB) for an undisclosed fee.
CyberCube’s portfolio manager used for debut cyber cat bondCyber modelling insurtech CyberCube has revealed that it acted as a modelling agent for Beazley’s $45mn private cyber cat bond, the industry’s first dedicated and tradeable cyber cat bond.
WTW launches knowledge sharing platform for aerospace industryWTW has launched an online knowledge sharing platform for the aerospace sector known, in a move the broker says will help to build industry resilience.
Markel International promotes Lawton-Bryce to COOMarkel International (Markel) has promoted wholesale director Carys Lawton-Bryce to the role of chief operating officer (COO).
AM Best cuts Grange FSR to B++ on challenged UW and restricted surplus growthGrange Insurance Group has had its financial strength rating (FSR) cut from A- to B++ by AM Best over what the agency described as the carrier’s “challenged underwriting performance” and “restricted surplus growth” over a prolonged time period.
WTW: Life science premiums grow to $10bn but many risks still uninsuredThe insurance market for life sciences is set for continued growth with many firms operating in the sector currently underinsured, according to WTW’s Global Life Sciences Risk Outlook 2023.