Brit invests in Canadian MGU Sutton Special RiskFairfax-owned Lloyd’s insurer Brit has made a significant investment in specialist accident & health managing general underwriter Sutton Special Risk.
Pool Re returns contingency terror cover to commercial marketUK terror mutual Pool Re will cease to reinsure its members for the contingency cover it provides to insureds due to sufficient capacity now existing within the commercial insurance and reinsurance markets.
Hamilton hires new Lloyd’s CFO from WRBExpansive Hamilton Insurance Group has appointed a new CFO for its Lloyd’s Insurance arm, Hamilton Underwriting Ltd, following the departure of Simon Barrett last month.
Miller completes takeover of London (re)insurance broker Alston GaylerWholesale broking house Miller has completed its acquisition of Dutch-owned London wholesaler Alston Gayler.
GRP’s Mike Bruce promoted to Group MDGlobal Risk Partners’ broking CEO Mike Bruce has been named Group managing director, as the specialist consolidator continues its push for targeted 2020 run rate ebitda of £53.5mn.
Former Argo execs launch wholesale MGA platform AccelerantThe former Argo executive and erstwhile CEO of Bermudian reinsurer PXRE Jeff Radke has launched a new London-headquartered wholesale MGA, Accelerant Holdings, The Insurer can reveal.
Broker adoption of PPL rises 350 percentThe number of risks bound by brokers on e-placement platform, PPL, has risen by 350 percent in the last 12 months, according to figures from the London and International Insurance Brokers Association (LIIBA).
All managing agents join centralised DA platformAll managing agents involved in live delegated authority business have signed up to the London Market Group’s delegated authority platform, the trade body announced today.
Brit launches K&R product with SchillingsBrit has partnered with Schillings Critical Risk – a reputation and privacy consultancy – to create a new kidnap and ransom insurance product.
GRP sees gross written premium climb 27% to £700mnSpecialist insurance consolidator Global Risk Partners has seen gross written premium exceed £700mn, up 27 percent on 2016/17 as the Peter Cullum led firm builds on ambitions to be a £1bn GWP business.
Lloyd’s in search of next cohort of InsurTech start-upsLloyd’s Lab - the innovator accelerator launched by the Lloyd’s market last September – has launched a global search for the next cohort of InsurTech innovators.
Hiscox’s Jeremy Pinchin to retireJeremy Pinchin, the man who won many plaudits for his stewarding of Lloyd’s claims-paying response to the 9/11 attacks, will retire from Hiscox plc after 13 years in various senior roles.
Resurrected Folgate handed B rating by AM BestFolgate Insurance Company has been assigned a B financial strength rating and bb+ issuer credit rating from AM Best, days after the UK insurer announced it had penned a quota share underwriting deal with MS Amlin.
Further delay in publication of FCA wholesale broker probe findingsThe Financial Conduct Authority (FCA) has once again pushed back the publication date of the initial findings of its wholesale insurance broking study to the first quarter of next year.
Lloyd’s COO Khoury-Haq to leave in 2019Lloyd’s chief operating officer Shirine Khoury-Haq is to leave the Corporation in the first half of 2019 after nearly 5 years in Lime Street.
Beazley, AEGIS and Allied World lead first-ever PPL league tableSyndicates managed by Beazley, AEGIS and Allied World lead the first published league table of Lloyd’s adopters of PPL, the e-placing platform that is being rolled out in the London subscription market.
MS Amlin partners with Folgate for 2019 relaunchUK insurer Folgate has entered into a co-insurance deal with MS Amlin in as the formerly-defunct insurer prepares to underwrite live risks once again.
Beazley facilities syndicate 5623 increases to $133mnLloyd’s insurer Beazley plc has received permission to more than double the size of its innovative facilities-only SPA Syndicate 5623 from $50mn in 2018 to $133mn next year, Re-Insurance can reveal.
CSAM Syndicate confirms 2019 Lloyd’s approvalIn contrast to the imminent withdrawal of ILS fund manager Securis from the Lloyd’s market, Credit Suisse Asset Management (CSAM) has confirmed its Lloyd’s platform Arcus 1856 will trade next year.
Canopius, BMS unveils London energy hiresLloyd’s insurer Canopius has confirmed the hiring of Beazley’s deputy head of energy Rachel Sabbarton to replace veteran Geoff Tin.