Theatres set the stage for state-backed insurance schemeUK theatres are said to be close to striking a deal with the government for a state-backed insurance scheme that would enable audiences to return and performances to go ahead.
Lockton Re adds Guy Carp’s Jones to marine and energy teamLockton Re has strengthened its marine and energy team with the hire of Ollie Jones from rival Guy Carpenter.
Guy Carp alleges misappropriation and information misuse in 31-strong Howden poaching disputeGuy Carpenter has laid out the particulars of claim in its poaching lawsuit against Howden, in a filing that states the number of defections has reached 31 and reveals the Marsh McLennan reinsurance broking subsidiary is investigating an alleged prying open of a locked cabinet in its London office.
Tokio Marine HCC committed to international contingency market despite recent turbulenceTokio Marine HCC has reaffirmed its commitment to the international contingency market and tasked Neil Paddon with leading its London market and Europe platform with the carrier offering “refreshed” limits of €50mn ($61mn) for event cancellation.
LMG calls on policymakers to boost market competitiveness post-BrexitThe London Market Group (LMG) has called on UK policymakers and regulators to use Britain’s exit from the European Union to rethink capital rules, boost the (re)insurance sector’s competitiveness and bring in foreign investment.
Retailers urge gov to extend credit insurance schemeBritish retailers are lobbying the government to extend the trade credit insurance guarantee scheme amid fears that firms could be left without cover when it ends.
Insurtech Urban Jungle raises £8mn in latest funding roundInsurtech start-up Urban Jungle has raised £8mn ($11.3mn) from investors including Mundi Ventures, technology-focused venture capital firm Eka Ventures and a host of high-profile private investors.
Brit launches marine war consortiumFairfax-owned Brit has announced the launch of a new marine consortium which is designed to revolutionise the writing of marine war and breach call risks.
Eliot Partnership adds Williams to London teamInsurance sector executive search firm Eliot Partnership has added Nigel Williams as a senior consultant in the latest addition to its London team.
Guy Carpenter names Arthur as head actuary for UK non-specialtyGuy Carpenter has named Brit’s David Arthur as head actuary of its UK non-specialty business, which encompasses global casualty, accident and health, UK property and UK motor.
RSA sale completes as scheme of arrangement becomes effectiveThe scheme of arrangement facilitating RSA’s acquisition by Intact Financial and Tryg has taken effect as expected today following its approval by the High Court on 25 May.
Lloyd’s, LMA and IUA agree central processing partnership with DXC TechnologyLloyd’s has announced a partnership that will see DXC Technology develop new digital processing capabilities to help achieve the ambitions set out in the market’s Blueprint Two initiative.
ERS-backed Arcus expands into specialty classesFast-expanding Lloyd’s insurer ERS has received approval for Arcus Syndicate 1856 to commence writing new lines of business including D&F property, cargo and specie, marine and energy liability and political risk.
LSM adds to war and terrorism team with AGCS’ HumphriesLiberty Specialty Markets (LSM) has strengthened its London-based war and terrorism risk team with the hire of Amy Humphries from Allianz Global Corporate & Specialty (AGCS).
Operational resilience – strength from withinMonique Alder, chief operating officer at Volante Global, considers the operational shift in the London market driven by the pandemic and considers how it might alter the operating environment moving forward.
MS Amlin Underwriting adds Trilovszky to boardLloyd’s (re)insurer MS Amlin Underwriting Limited (MS AUL) has appointed Munich Re executive Heike Trilovszky to its board as a notified independent non-executive director.
Numis raises Lancashire price target on specialty lines expansionNumis Securities has raised its target share price on London-listed carrier Lancashire on the back of its specialty lines expansion, highlighting the potential for strong returns and capital distributions in future years.
Ki CEO: more competitors will adopt digital follow-only modelKi CEO Mark Allan has predicted others will attempt to follow the model of a digital follow-only syndicate, stating that the platform’s early success serves as proof for the potential and growing need for technology in the London market.
Masojada: market hardening to continue until 2023Hiscox CEO Bronek Masojada has said that the (re)insurance market will continue to benefit from hardening rates for the next two years after the carrier reported top-line growth driven by favourable pricing momentum in the first quarter of 2021.
Brit’s Ki bound 1,000+ risks in Q1; launches Broker APIBrit Insurance’s pioneering follow-only syndicate Ki bound over 1,000 risks in the first quarter of this year, the platform revealed as it announced the release of its Broker API.