D&F writers face $30mn US Ecology lossLondon underwriters are facing their share of a $30mn loss after an explosion at a hazardous waste facility in Grand View, Idaho last month, The Insurer can reveal.
Distinguished founder Potash retakes helm as CEO departsDistinguished LLC is parting company with CEO Jeremy Hitzig and two other senior executives after founding chairman emeritus Andrew Potash decided to step back in and take the reins at the US program manager, The Insurer can reveal.
IG eeks out rate reductions at 2019/20 renewalThe International Group has achieved rate reductions for the fifth consecutive year on its excess of loss (XoL) reinsurance treaty.
Alliant swoops on Willis for Bill CallahanUS specialty broking powerhouse Alliant has named William (Bill) Callahan senior vice president.
AIR pegs Marriott breach losses at up to $600mnRisk modelling firm AIR Worldwide has estimated cyber losses for the Marriott breach will be between $200mn and $600mn.
Beggs to lead Munich Re’s E&S insurance driveJill Beggs will oversee Munich Re’s expansion into the US excess and surplus lines (E&S) market under the umbrella of the newly formed specialty insurance unit led by Mike Kerner, The Insurer can reveal.
Brit still writing construction and engineeringBrit Insurance is continuing to write international construction and engineering risks albeit in a reduced fashion, the London-headquartered (re)insurer confirmed today.
Marsh unveils regional and specialty leadership team post-JLT acquisitionMarsh has set-out the leaders for its regional, specialty, and placement teams worldwide when its acquisition of JLT completes next year.
Lloyd’s shakes-up regional leadershipLloyd’s has appointed new directors in the Americas, APAC and EMEA who will be responsible for leading the Corporation in their respective regions.
RenRe launches Class 3B property cat reinsurerBermudian carrier RenRe has teamed up with Dutch pension fund manager PGGM to launch a property cat reinsurer - Vermeer Reinsurance.
Argo Group unveils senior management restructureFormer AIG executive Matt Harris will lead Argo Group’s international operations as part of a wider restructure that also gives an elevated role to the head of the Americas, Kevin Rehnberg.
Insured cat losses fall to $79bn in 2018: Swiss ReThe total insurance bill for natural and man-made catastrophes in 2018 has fallen to around $79bn, according to Swiss Re’s latest Sigma report.
Lloyd’s confirms Carter’s appointment to Council in 2019Victoria Carter have been appointed a working member of the Lloyd’s Council, as first revealed by The Insurer.
RLI and Zurich FOTs suggest modest improvement for casualty reinsurersThe flow of casualty and professional liability treaty renewal firm order terms (FOTs) is beginning to pick up with indications so far pointing to flat or moderate improvements of terms for reinsurers, The Insurer can reveal.
Frudd named CEO of Sompo International as Charman becomes executive chairmanSompo International is to shake-up its top brass with a number of changes to its operating structure designed to make the firm more nimble.
Garvey’s EPIC brings home Integro USA dealOak Hill Capital Partners-backed EPIC Holdings has bought the US operations of rival broker Integro in a deal that will take combined revenues to almost $600mn.
Pembroke pulls out of cargo businessUnder review Pembroke Managing Agency has jettisoned its cargo business, The Insurer can reveal.
Hiscox names Bob Thaker UK CEOHiscox has named Bob Thaker its next UK chief executive officer, with the exec set to take reins in March.
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.
BMS builds out Bermuda team with two hiresWholesale broker BMS has continued its push in Bermuda with two new hires.