RSA’s third quarter results hit by UK underwriting lossLondon-headquartered insurer RSA has reported an underwriting loss of £70mn ($91mn) in the third quarter for its UK and London market business.
Ardonagh hires Turnbull as wholesale finance boss retiresArdonagh’s finance director for its wholesale division Russell Benzies is to retire from the firm and be replaced by former RFIB CEO and industry heavyweight Jonathan Turnbull.
Ardonagh confirms £165mn swoop for SwintonThe Ardonagh Group has acquired UK personal lines broker Swinton for £165mn, the equivalent of roughly one times turnover.
Hiscox Re & ILS names Dolphin chief operating officerLondon-listed carrier Hiscox has promoted Andrew Dolphin to the position of chief operating officer of its reinsurance and alternative capital arm - Hiscox Re & ILS.
Broking veteran Newman set to retire from ArdonaghLondon market broking veteran Gordon Newman is set to retire from the Ardonagh Group at the end of the year, re-Insurance can reveal.
Alesco bolsters energy division with Miller hireLondon market wholesaler Alesco has hired Steve Dewey from rival firm Miller.
Pioneer names XL Catlin’s McMellin Doherty’s successorPioneer has named Andrew McMellin as its next CEO, with the XL Catlin veteran set to take the reins at the London MGA next month.
Markel names Dickel senior PA and contingency underwriterMarkel International has appointed Peter Dickel as senior underwriter in its personal accident, contingency, entertainment (PACE) team.
Over half of managing agents join centralised DA platformThe London Market Group’s delegated authority platform goes live this week with a reported 60 percent of managing agents already signed up to the service.
Dual’s Tamesis takes Love from Hiscox ReHyperion-owned specialty excess of loss treaty reinsurance managing general agent Tamesis Dual has appointed Ben Love as director of underwriting.
Beach taps Marsh for Tritton to lead new wholesale unitReinsurance broker Beach has appointed Jonathan Tritton senior vice president of its newly formed London wholesale practice.
Pioneer builds out political violence team with Advent hirePioneer has appointed Mark Kelsey as an underwriter in its political violence team.
BMS continues energy team build-out with more Price Forbes hiresLondon wholesaler BMS has continued to build out its nascent energy insurance team with three more hires from rival Price Forbes and a fourth addition from JLT.
Ed not under pressure to find a buyer: HearnThe boss of London-headquartered broker Ed Steve Hearn has said that its owners Lightyear Capital were not pressuring his firm into a speedy sale.
Insurers must practice what they preach when it comes to claims: IGICarriers from across the market must elevate the claims process in the (re)insurance value chain, Tim Deardon, group head of claims at IGI has said.
Aon confirms Stubbings hire amid a swathe of promotionsAon has confirmed the appointment of Peter Stubbings as CEO of Global ReSpecialty, the latest in a string of management changes at the broker.
THB swoops on Ed for aviation brokerAmWins-owned broking house THB has plucked Matthew Gould from rival Ed as it builds out its aviation team.
Scor commits to remain independent after EUR8.3bn Covea bidFrench reinsurance powerhouse Scor has called an unsolicited EUR8.3bn takeover offer from French mutual Covea “incompatible” with its “strategy of independence” as it said any revised public bid would be deemed hostile.
Guy Carp takes Willis Re’s Sinniah as specialties strategy bossGuy Carpenter has hired Shaun Sinniah as head of strategy and client engagement within the reinsurance broker’s international and global specialties division.
Tokio Marine swoops on Munich Re for global head of cyber riskTokio Marine Holdings has appointed Daljitt Barn to the newly-created role of global head of cyber risk, the carrier announced today.