Aviation broker Chad among a duo of hires to land at JLTThe former UK CEO and the deputy chairman of Marsh’s global aviation practice Marcel Chad has touched down at JLT, re-Insurance.com can reveal.
MS Amlin given greenlight for Belgium hubMS Amlin has received approval from the National Bank of Belgium to re-domicile one of its UK businesses Amlin Insurance SE (AISE), from the UK to Brussels.
Markerstudy consolidates subsidiaries after Qatar Re takeoverMotor insurance MGA Markerstudy has set out plans to brings its entities under a single brand - Markerstudy Insurance Services Limited (MISL).
Schinnerer Group plans to double premium to $2bn following rebrandMarsh & McLennan Companies-owned managing general underwriter, Schinnerer Group, has rebranded to Victor as it looks to double premiums to $2bn.
Luxembourg approves RSA post-Brexit subsidiaryRegulators in Luxembourg have approved London-based RSA’s application to set up an insurance subsidiary in the country in the wake of the UK’s decision to leave the EU.
Canopius exits professional indemnity and financial institutionsLloyd’s insurer Canopius is pulling out of its professional indemnity (PI) and financial institutions (FI) business lines in London, re-Insurance.com can reveal.
Tampakakis becomes the latest hull underwriter to leave TMKKonstantinos Tampakakis has become the latest marine underwriter to resign from Tokio Marine Kiln, re-Insurance.com can reveal.
Guy Carp hires Goldman’s Kumar as new GC Securities chiefGuy Carpenter has recruited Goldman Sachs’ executive Shiv Kumar as the new president and global leader of its GC Securities Capital Markets unit.
Fidelis mints $50mn Bermuda sidecarFidelis has launched a $50mn ILS sidecar based in Bermuda to provide collateralised capacity support for the carrier’s reinsurance book.
XL Catlin lures Smyth back from Aspen to head excess casualty businessXL Catlin has appointed former employee Donnacha Smyth as president of its global excess casualty insurance business.
AmTrust postpones vote on $2.7bn take-private deal after shareholder mutinyAmTrust has postponed the shareholder vote on a $2.7bn deal tabled by its CEO, his in-laws and their backers to take the firm private after it failed to gain enough support for the transaction.
Lloyd’s broker AFL pushes into ILS marketLloyd’s broker AFL has hired big data specialist James Poole to head up its new ILS advisory business Agile Risk Advisory, the company announced today (4 June).
Maersk to save $10mn with blockchain initiative amid wider cost cuttingShipping giant Maersk has said a new insurance blockchain platform it has created with players from the industry has the potential to save the company $10mn as it looks to slash the cost of cover.
Howden promotes González to take the reins as CEOHyperion-owned broking house Howden has tapped the boss of its Iberoamerica business José Manuel González as its next CEO.
Arch Re loses another casualty exec to Safety NationalArch Re’s New York-based director of casualty Kim Barnett has defected to Safety National, a subsidiary of Tokio Marine that specialises in alternative risk funding.
BHSI promotes Colahan to UK and Europe headBerkshire Hathaway Specialty Insurance (BHSI) has moved the head of its recently minted Australasian unit Chris Colahan to become the new boss of its UK and Europe division.
Ex-Pro owner puts 30% Asta stake up for saleThird-party Lloyd’s managing agency Asta may see a change to its investor base after its listed 30 percent shareholder ACHP said it is “exploring options” for its holding.
Floridians American Traditions and Modern USA Insurance mergeFlorida-based carrier American Tradition is set to merge with its affiliate Modern USA Insurance company to bring the two sister firms under one roof.
Rate rises ‘negligible’ at Florida renewals despite cats: JLT ReThe critical 1 June Florida renewals season failed to produce meaningful rate rises despite the state being hit with a swathe of catastrophes in 2017, according to analysis by JLT Re.
Catastrophes make 2017 costliest year ever for UK specialty insurersThe UK specialty insurance market experienced the costliest year on record in 2017, according to EY.