NewsCyberLSM launches cyber centre of excellence with Rigby at the helmLiberty Specialty Markets (LSM) has appointed Jon Rigby to the newly created role of chief cyber officer, to lead the carrier’s new cyber ‘centre of excellence’.Mon 22 Jul 2019
NewsLossesChocolatier’s $49mn Sandy dispute with Chubb unit heads to trialA New York judge has ruled that Madelaine Chocolate Novelties’ long-running $49mn claim against Great Northern Insurance for damage and business interruption losses following Superstorm Sandy has triable issues of fact.Mon 22 Jul 2019
NewsM&ANatixis shuts down Coface sale speculationFrench investment bank Natixis has said there is “no discussion underway” to divest its share in credit insurer Coface, after reports emerged on Friday that US private equity fund Apollo Global Management had made an offer.Mon 22 Jul 2019
NewsBeale: punish UK companies that don’t tackle gender inequalityDame Inga Beale – the former chief executive of Lloyd’s of London – has called on the government to impose financial levies aimed at punishing companies that aren’t seen to be tackling the gender imbalance in the workplace.Mon 22 Jul 2019
NewsM&AGRP continues acquisition spree with 3XD purchaseSpecialist insurance consolidator Global Risk Partners (GRP) has acquired 3XD Limited, an insurance intermediary based in the Ribble Valley in Lancashire.Mon 22 Jul 2019
NewsPeople MovesBrit names Birch head of innovationBrit has appointed James Birch to the newly created role of head of innovation.Mon 22 Jul 2019
NewsRyan Specialty Group launches Barcelona officeExpansive managing general agency Ryan Specialty Group is to open an office in Barcelona as it continues to build out its transactional risk business.Mon 22 Jul 2019
NewsPeople MovesAxa XL promotes Rastoul to XLICSE CUOAxa XL has promoted Paul-Henri Rastoul to chief underwriting officer of XL Insurance Company SE (XLICSE), the insurance company platform for XL Group within Europe and Asia.Mon 22 Jul 2019
NewsPeople MovesThird Point Re confirms Sinclair hireThird Point Re has confirmed the appointment of David Sinclair, as senior vice president of marketing and investments, a move first revealed by The Insurer earlier this month.Mon 22 Jul 2019
NewsSkyknight takes minority stake in Heffernan Insurance BrokersAmWINS backer Skyknight Capital has taken a minority shareholding in retail broker Heffernan Insurance Brokers (Heffernan).Mon 22 Jul 2019
NewsPeople MovesRSA hires Axa’s Rueegg as it restructures Middle East leadership teamRSA has appointed Martin Rueegg as chief executive of the Middle East and UAE as it reshuffles its senior management team in the region.Mon 22 Jul 2019
NewsM&ADarag builds UK platform with The Underwriter acquisitionAmbitious European legacy firm Darag has acquired UK-based run-off liability insurer The Underwriter Insurance Company (The Underwriter).Mon 22 Jul 2019
NewsRating actionsMoody’s upgrades Odyssey Re on strong underwriting resultsMoody’s has upgraded the financial strength rating of Odyssey Reinsurance Company to A2 from A3, with a stable outlook.Fri 19 Jul 2019
NewsWorkers' compensationXPT’s WSS launches workers comp unit with two hiresXPT Group subsidiary Western Security Surplus (WSS) has launched a workers compensation division with the hires of Dan Rieden and Matt Rieden.Fri 19 Jul 2019
NewsPeople MovesGoldstein returns as Kingstone CEO after Thatcher abruptly resignsBarry Goldstein has returned as CEO of US regional insurer Kingstone Companies and targeted improved profits, following Dale Thatcher resigning after seven months in the role.Fri 19 Jul 2019
AnalysisLossesHurricane Barry insured loss estimates comparedCoreLogic is the latest to release a Hurricane Barry estimate, saying total insured losses including the National Flood Insurance Program (NFIP) will be between $400mn and $800mn.Fri 19 Jul 2019