JLT Re head of analytics David Flandro resignsProminent industry analyst David Flandro has become another high-profile defection from JLT Re following the completion of MMC’s $5.6bn acquisition of the UK broker.
Argo commits to reducing board size ahead of high noon AGMAhead of its activist-challenged AGM next week, Bermudian (re)insurer Argo International Holdings Ltd has said it anticipates the size of its board diminishing over the next three years from the current thirteen to ten.
Rob Bredahl set to join TigerRiskFormer Third Point Re CEO Rob Bredahl is set to re-emerge at TigerRisk, The Insurer can reveal.
Nasdaq-listed acquisition vehicle seeks next gen insurance companyCohen & Co’s blank-cheque start-up is considering a broad range of potential targets in the carrier, distribution, insurtech and ILS space as it looks for a single transaction to buy a company seeking access to the public market for its next stage of development.
Axa XL parts ways with senior marine underwriter NewtonAxa XL is understood to have let go of its senior marine underwriter Paul Newton, The Insurer can reveal.
Liberty leads Lloyd’s e-placement Q1 league tableLiberty Syndicate 4472 has topped the first quarter league table of Lloyd’s adopters of PPL, the e-placing platform that is being rolled out in the London subscription market.
Voce slams shareholder proxy group ISS over Argo supportWith less than two weeks to Argo Group’s AGM, shareholder activist Voce Capital has criticised the influential shareholder proxy firm Institutional Shareholder Services (ISS) following its support for all but one of the NYSE-listed (re)insurer’s board resolutions.
THB names Munich Re’s Thurnim as Europe treaty directorAmWINS-owned (re)insurance broker THB has appointed Zamira Thurnim as treaty director of THB Europe, effective immediately.
Lloyd’s calls in Banking Standards Board to lead harassment and discrimination surveyThe vast majority of workers in the London insurance market will shortly be asked to participate in an independent and wide-ranging survey regarding work culture following the sexual harassment allegations published in a recent Bloomberg BusinessWeek article.
Guy Carpenter swoops on Lloyd’s for chief actuary as management reshuffle continuesMMC-owned Guy Carpenter has made a series of new hires, the latest wave of people moves at the broking house following the close of the acquisition of JLT last month.
Looming TRIPRA expiration threatens ratings downgradesAM Best will begin compiling a list of insurers with exposures to terrorism later this year, and request those with material exposure provide plans for mitigating it in the event that TRIPRA is not renewed.
Keith Harrison heads to Lockton ReFormer JLT Re executive Keith Harrison is joining Lockton as the broker continues to build out its reinsurance platform, The Insurer can reveal.
RenRe’s O’Donnell wary about impact of Florida reformsRenaissanceRe is taking a wait and see approach to Florida’s legislative changes that increase the loss adjustment expense (LAE) reimbursement covered by the state cat fund and clamp down on assignment of benefits (AOB) abuse.
Third Point Re’s shares fall 6% following Bredahl resignationInvestors have reacted negatively to the sudden departure of Robert Bredahl from Third Point Re, while the new interim CEO revealed the Bermudian is targeting more than $50mn property cat premiums after entering the market this year.
Prime Risk Partners appoints Reagan ahead of potential sale processReagan Consulting has been appointed to advise Prime Risk Partners as it considers ownership options that could see PE backer Thomas H Lee transition out of the expansive retail agent consolidator after five years as an investor, The Insurer can reveal.
Marcal Paper Mills expected to cost FM Global $400mnFM Global is facing a $400mn loss as a result of the Marcal Paper Mills fire in New Jersey earlier this year, The Insurer can reveal.
AmWINS exits RFIB sale talksAmWINS has followed BGC Partners in pulling out of sale talks for private equity-owned RFIB Insurance Brokers, The Insurer can reveal.
Peak Re top line balloons in 2018Hong Kong-based reinsurer Peak Re booked $1.38bn in gross written premium in 2018, up from the $1.10bn it wrote the previous year.
UPC halves Armor Re II cat bondUnited Insurance Holdings (UPC)’s latest catastrophe bond, Armor Re II Ltd, has been cut to $100mn from its planned $200mn due to its Class A tranche being priced at the upper end of guidance, according to reports.
Perils increases Townsville flood estimate to $728mnLoss aggregation firm Perils has increased its estimate of insured losses stemming from Australia’s Townsville floods earlier this year to AUD$1.04bn ($728mn).