Hiscox looks to the future under HussainWith Aki Hussain now confirmed as Bronek Masojada’s successor at the helm of Hiscox, The Insurer examines what he might bring to the role and the challenges he will face in charge of the London-listed carrier.
MGA Aqueous names Stephenson as senior underwriterMGA and Lloyd’s coverholder Aqueous Underwriting has appointed Alex Stephenson as senior underwriter.
Beazley comfortably beats consensus on back of 20% rate increases across portfolioAverage rate increases of 20 percent across its renewal portfolio during the first half of 2021 helped Beazley deliver a pre-tax profit of $167.3mn, ahead of analyst consensus of $110.5mn.
Guy Carpenter’s Carter named first female deputy chair of Lloyd’sLloyd’s has appointed Guy Carpenter’s Vicky Carter deputy chair of the Council, effective 1 September 2021.
MGA Nexus instructs Canaccord to raise M&A debt finance to fuel growthExpansive London MGA/intermediary Nexus Group has appointed Canaccord Genuity to advise on a potential debt refinancing and new issue of up to $200mn to fuel further growth through M&A, The Insurer can reveal.
Miller adds Mar Risk’s Pandey to marine teamMiller has continued the build-out of its London-based marine unit with the appointment of marine business development specialist Seema Pandey.
Aon London veteran Paul Constantinidi RIPPaul Constantinidi, a popular and well-respected Aon London market figure, sadly passed away last week (5 July) following a fight against cancer. He was 57 years of age.
Howden strikes back in acrimonious Guy Carp UK reinsurance poaching disputeHowden has hit back against Guy Carpenter in its increasingly bitter reinsurance poaching dispute accusing its larger rival of lodging a “bullying” and “hypocritical” claim in a bid to deter employees from joining a “highly attractive employer”.
Start-up Nardac adds Besso Re’s Schoch to London teamNardac Insurance Services has continued the build-out of its London operation with the hire of Gabriela Schoch from Besso Re, The Insurer has learned.
Jencap secures London platform with Worldwide Special Risks acquisitionWholesale program management and binding authority business Jencap Group has bought London-based Lloyd’s coverholder Worldwide Hole ‘N One, which operates as Worldwide Special Risks with a contingency team focusing on the live events market.
LMA promotes Davison to underwriting directorThe Lloyd’s Market Association has promoted Patrick Davison to the role of underwriting director.
Hiscox strengthens London energy team with Chubb’s ThanduparakkalHiscox has bolstered its energy insurance capabilities in London with the hire of Riaz Thanduparakkal from Chubb as the London-listed carrier looks to support clients as they shift towards cleaner and greener technologies.
Lockton Re builds specialty division with WTW’s LaytonLockton Re has bolstered its London-based specialty division with the hire of political risk and credit insurance specialist Kazimierz Layton.
Tokio Marine HCC strengthens London professional risks team with triple hireTokio Marine HCC has expanded its professional risks team with a trio of London appointments.
European P&C stocks build on momentum to make H1 gainsEuropean P&C equities underperformed banks, technology and travel and leisure stocks in the six months to 30 June but maintained strong upward momentum as investor sentiment continued to rise
McGill and Partners boosts structured solutions team with Chesman hireMcGill and Partners has added Peter Chesman as a partner in its UK structured solutions team.
UK government to back live entertainment insurance scheme: reportsThe UK government is expected to announce an insurance scheme to support live events so that they can go ahead during the pandemic.
Wilson succeeds Stovin as president of Markel InternationalMarkel Corporation has promoted Simon Wilson to president of Markel International, succeeding William Stovin, who has led the division since 2008.
CV Starr hires Marsh’s O’Brien to lead London marineCargo insurance specialist John O’Brien has left Marsh and joined CV Starr to lead its marine offering in London.
London market CFO Nielsen leaves Hiscox roleChristian Nielsen has left his role as chief financial officer at Hiscox London Market, The Insurer understands.