Aspen applies to Irish regulator to set up Dublin subsidiaryUp-for-sale Bermudian carrier Aspen has put in an application with the Central Bank of Ireland (CBI) to set up a Dublin subsidiary ahead of Brexit.
Fidelis wins Fidelity trademark suitRichard Brindle’s London-based carrier Fidelis has triumphed in a trademark case brought by Fidelity in which the Boston-based investment house claimed consumers would conflate the two businesses over similarities in their names.
Parry confirms muted ILS appetite for Lloyd’s Central FundLloyd’s outgoing CFO John Parry has confirmed reports by this publication that ILS investors have shown little interest in providing reserve risk cover for the Central Fund.
Beazley top line jumps 10% as rates rise amid market ‘recalibration’London market carrier Beazley said it grew gross written premiums (GWP) by around 10 percent in the first quarter to $631mn as the Andrew Horton-led firm noted substantial rate increases across the majority of its underwriting lines.
Lloyd’s tells underwriters to withdraw insurance to NRALloyd’s of London has informed underwriters to pull out of any programmes associated with the National Rifle Association of America (NRA).
TMK’s hull underwriter departsLong serving hull underwriter Des Keane has resigned from Tokio Marine Kiln, re-Insurance.com understands.
GCube’s Richardson heads to Travelers as renewable energy bossCharlie Richardson, senior energy underwriter at Lloyd’s coverholder GCube, is leaving the firm for Travelers.
XL: London and Bermuda enjoying positive rates ‘in all lines’XL Group has revealed that its London Market and Bermuda operations both enjoyed revenue growth of 14 percent in the first quarter while providing encouragement to investors on strong 2018 rate movements.
Charles Taylor InsureTech inks delegated authority deal with LMGCharles Taylor’s InsureTech arm has signed up to a three-year deal with the London Market Group (LMG) to provide central services for the market’s delegated authority business.
UPDATE: Lancashire shares jump 5% on Q1 resultsLancashire’s shares have risen as much as 8 percent this morning before giving up some ground to trade nearly 5 percent higher at around 627p per share after the firm posted a sterling set of first quarter results before markets opened.
Lloyd’s finance boss Parry to departLloyd’s CFO John Parry is to step down from the Corporation in surprise move that will see him leave early next year.
Goldsmith joins Eliot PartnershipVeteran London market broker John Goldsmith has joined the insurance executive search firm Eliot Partnership as senior adviser and partner.
'Trader’s market' continues says JLTLondon-listed broker JLT has once again described the global (re)insurance and specialty industry as a “trader’s market” with inconsistent rate renewal movements following the circa $130bn of cat losses last year.
R&Q profits leap 38 percent and shares surge as new strategy takes shapeThe slimmed-down Randall & Quilter Investment Holdings Ltd (R&Q) saw its underlying profits climb 38 percent in 2017 while executing a major strategic drive to simplify the business around two core offerings: legacy acquisitions and program management.
Pool Re picks GC Securities for 2019 ILS placementUK terrorism mutual Pool Re has appointed GC Securities to advise on a potential 2019 ILS issuance which would be a ground-breaking first for the fast-expanding alternative reinsurance markets, re-Insurance.com can reveal.
Alesco swoops on JLT for seven-strong construction teamAlesco, the expansive London market broker, has plucked seven long-standing employees from rival JLT’s construction business, re-Insurance.com can reveal.
BMS continues build out of new energy teamIndependent BMS Group is continuing to build out its new energy division following re-Insurance.com revealed the firm’s ambitions with the hire of former Price Forbes executive James Chicken earlier this year.
London market pledges £1mn for Bishopsgate bombing commemorationInsurers and brokers from across the London Market have committed to raising £1mn ($1.4mn) to commemorate the 25th anniversary of the IRA Bishopsgate bombing.
FCA’s Bailey urges EU to reduce Brexit financial instability riskAuthorities in the UK and the European Union must “come together” to reduce the risks posed by Brexit to financial stability, Andrew Bailey, CEO of the Financial Conduct Authority (FCA) has warned.