Astaara hires ex-RSA marine product head Potter to head of cyberNewly launched Astaara has brought in RSA’s former marine product director Howard Potter as head of marine cyber.
Aviva’s Blanc backs turnaround with £1mn share purchaseAviva CEO Amanda Blanc has snapped up £1mn worth of shares in the London-listed insurer in a move that sees the executive stake her own money behind the turnaround of the insurance giant.
New Dawn Risk targets Asia with SpecialistRe partnershipBroker New Dawn Risk Group has partnered with Singapore-based SpecialistRe to strengthen its reach and offering across China, Japan and South-East Asia.
Lockton Re hires CJC Re head Ben Day to lead London fac practiceExpansive reinsurance intermediary Lockton Re has added CJC Re’s Ben Day to lead its facultative practice in London, the broker confirmed today.
Nexus names Coles CEO of Xenia to lead separation pushNexus Group has named chief operating officer Tim Coles as CEO of Xenia Broking Group, part of a broader reorganisation management team that will oversee the separation of its trade credit and surety operations.
Neal to oversee Lloyd’s performance into 2021; search for chief of markets continuesLloyd’s CEO John Neal is set to continue to oversee performance management at Lloyd’s into 2021 as the Corporation continues its search to fill its newly created chief of markets role.
Aston Lark acquires Lloyd’s broker Brunel ProfessionsAston Lark, the acquisitive UK broker backed by Goldman Sachs, has acquired Lloyd’s broker Brunel Professions.
ABI names Zurich UK CFO Pickford as audit committee chairThe Association of British Insurers (ABI) has named Zurich UK chief financial officer Helen Pickford as the chair of the audit committee.
Insurers could need to bolster capital against climate risks, warns PRAUK regulated insurers could be required to have their balance sheet exposures to climate risk reflected in the amount of capital they are required to maintain, according to the Prudential Regulation Authority’s (PRA) Anna Sweeney.
Lockton Re names Riley to lead London aviation and aerospaceLockton Re has added Guy Carpenter’s Dominic Riley to lead the aviation and aerospace practice in London.
Fraudulent insurance claims climb 5% in 2019: ABIInsurers uncovered 107,000 fraudulent insurance claims worth £1.2bn ($1.6bn) last year, according to the Association of British Insurers (ABI).
Platforms to the foreWith Covid-19 causing major disruption to the (re)insurance industry, Igor Best-Devereux – the founder and CEO of electronic placing platform eReinsure – tells The ReInsurer how the pandemic has brought the cost of distribution to the fore…
Hiscox creates London market crisis management divisionHiscox has created a crisis management division within its London market operations to bring together related parts of the business.
McGill and Partners bolsters treaty reinsurance team with Aon hiresWarburg Pincus-backed broking start-up McGill and Partners has added Aon’s Simon Coles and Stewart Smith to its rapidly growing treaty reinsurance team.
Lloyd’s Neal tackles 400km cycle in Corporation charity challengeLloyd’s CEO John Neal is tackling a gruelling 400km (250 mile) cycle to raise money for three charities as part of the Corporation’s wider ambition to cover 10,000km for charitable causes over September.
LMG launches client research programThe London Market Group (LMG) has teamed up with the Boston Consulting Group (BCG) to launch a new client research programme to help insurers create better risk transfer solutions.
Capsicum Re continues hiring drive with Aon’s SalamaCapsicum Re has added Aon’s former head of London market marine and energy reinsurance Adam Salama to its expanding reinsurance business.
IUA names Dalziel director of public policyThe International Underwriting Association (IUA) has appointed Helen Dalziel as director of public policy.
Underwriters warn on “unsustainable” legal PI insuranceProfessional indemnity insurance could become unsustainable if underwriters are not given more freedom to cancel policies where the premium is not paid as a result of the Covid-19 pandemic, London underwriters have warned.
Ed adds Lock to professional and executive risk teamBGC Insurance-owned Ed has bolstered its professional and executive risk team with the appointment of Michael Lock as divisional director.