Why Gibraltar’s French construction storm may spread beyond CBLWhy has the French construction class “dommages-ouvrage” blown a hole in CBL’s balance sheet and will other (re)insurers be affected?
Pioneer founder Doherty bows outLondon MGA Pioneer’s long-serving CEO and founder Darren Doherty is to depart the company.
MGAA adds Tempo’s Del Carlo to boardThe Managing General Agents’ Association (MGAA), the trade organisation for MGAs, has appointed Marco Del Carlo, managing director of Tempo Underwriting, as a new board director.
Nexus acquires D&O MGA Apsley SpecialtyThe up-for-sale London-based managing general agent Nexus has acquired a smaller rival in the financial institutions space Apsley Specialty.
Volante launches second MGA targeting Nordic marketVolante Global, the MGA platform led by Talbir Bains, has launched its second MGA of 2018 - Bridge Underwriting.
Volante swoops on QBE for chief actuarial officerVolante, the recently-launched multi-class MGA platform founded by Talbir Bains, has appointed Chris Drew as chief actuarial officer.
Nexus preps for sale by hiring ex-AmTrust CUOLondon-based specialty MGA Nexus has revealed plans to sell a portion of its equity as it announced that former chief underwriting officer for AmTrust’s Lloyd’s operation had joined to run its insurance and reinsurance operations.
Hyperion earnings climb by almost a quarter to £152mnHyperion, which owns Howden, RKH and Dual, saw profits climb by 24 percent to £152mn ($205.4mn) in the 12 months leading up to the end of September last year.
R&Q's CEO-elect departs in major restructureTom Booth, the CEO-elect of the London-listed insurance group R&Q, has resigned as a director with immediate effect and will be leaving the organisation to “pursue alternative opportunities”, the firm announced this morning (8 January).
Beale to replace Philipps as MS Amlin CEOSimon Beale, MS Amlin’s Chief Underwriting Officer, will succeed Charles Philipps as CEO at the (re)insurer following his retirement in April.
Ed hires Clarkson-led marine teamHeather Clarkson, a senior London market Aon marine executive, joins the private equity backed wholesaler Ed in early 2018 to become the managing director of the broker’s marine practice, Reinsurance can reveal.
New MGA Volante launches with capital from NephilaVolante, a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018.
Giles to join London Market broker as chairmanLondon broker Endeavour Insurance Services is poised to signal its ambitious growth strategy with the arrival of the well-known UK insurance figure Chris Giles, Reinsurance can reveal.
London market marine merry-go-round continuesThe changes in the London market marine underwriting classes have continued this week with two significant departures.
Exin hires Oman Insurance CEO AdamantiadisExin– the ambitious pan-European insurance start-up backed by Calamos Asset Management – has lured the CEO of Oman Insurance Company, Christos Adamantiadis, to become head of its expansive European operations, Reinsurance can reveal.
Enderby to leave Marsh in London efficiency driveDominic Enderby, Marsh’s Marine UK Placement Leader, is one of the most prominent market figures likely to leave the broking giant following a recent restructuring, Reinsurance understands.
Brit launches $100mn Bermuda collateralised reinsurer Sussex ReLeading Lloyd’s (re)insurer Brit Insurance is launching a $100mn capacity Bermuda-based collateralised reinsurance vehicle, Sussex Capital, that will write both third-party collateralised reinsurance and provide collateralised capacity to Brit’s Lloyd’s Syndicate 2987.
Fidelis adds surety capacity with MGA FirestoneFidelis, the Bermudian (re)insurer has taken an equity stake in a new MGA and will be providing underwriting capacity.
Tokio Millennium Re loses UK claims headEd Gooda, the head of claims at Tokio Millennium Re’s UK branch office, has resigned from the company, Reinsurance can reveal.
Nichols to join Brit's new Bermuda platformFormer Axis Capital and RenaissanceRe executive Jay Nichols has joined the Board of Brit Ltd’s new $100mn collateralised Bermuda reinsurer, Sussex Capital.