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News

R&Q partners with AXA for Hamilton RITC

Bermudian-domiciled Hamilton Insurance Group has appointed legacy specialists Randall & Quilter (R&Q) to reinsure its Lloyd’s run-off book that it inherited when it acquired Sportscover managing agency in 2015.

Wed 20 Dec 2017

News

Losses

Swiss Re pegs global insured cat losses at $136bn

The losses incurred globally from catastrophes in 2017 are estimated to stand at $136bn, according to Swiss Re’s latest Sigma report.

Wed 20 Dec 2017

News

New MGA Volante launches with capital from Nephila

Volante, a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018.

Wed 20 Dec 2017

Sirius Syndicate 1945 places marine book into run-off

News

Legacy

Sirius Syndicate 1945 places marine book into run-off

Sirius has placed its marine cargo, treaty and yacht books of business at Lloyd’s into run off, Reinsurance can reveal.

Tue 19 Dec 2017

News

Giles to join London Market broker as chairman

London 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.

Mon 18 Dec 2017

News

Marine

London market marine merry-go-round continues

The changes in the London market marine underwriting classes have continued this week with two significant departures.

Mon 18 Dec 2017

News

Exin hires Oman Insurance CEO Adamantiadis

Exin– 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.

Mon 18 Dec 2017

Marsh promotes Paul Moody to CEO of UK Specialties

News

Professional lines

Marsh promotes Paul Moody to CEO of UK Specialties

Marsh has appointed Paul Moody to be CEO of its UK Specialties Division.

Fri 15 Dec 2017

JLT’s Chairman runs risk of falling foul to corporate governance reform

News

Legal/ Regulatory

JLT’s Chairman runs risk of falling foul to corporate governance reform

JLT is at risk of falling foul of reforms aimed at improving accountability of the largest companies in the UK.

Fri 15 Dec 2017

News

Price Forbes latest London broker to undertake job-cutting exercise

Price Forbes has made a number of people redundant as part of an efficiency drive to reduce costs and improve margins by its private equity owners, Reinsurance can reveal.

Fri 15 Dec 2017

News

Marine

Enderby to leave Marsh in London efficiency drive

Dominic 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.

Thu 14 Dec 2017

News

Results

Putting a price on Price Forbes

Recent minority share sale - perhaps by departing founder Michael Donegan - implies valuation as high as £183mn

Thu 14 Dec 2017

News

Marine

Lloyd’s needs to share data to improve market efficiency

Senior industry executives gathered at Reinsurance’s ‘The Future of Cargo Insurance and Risk’ roundtable have called on Lloyd’s to do more to improve the distribution of data across the market.

Thu 14 Dec 2017

News

Fierce rate resistance from brokers ahead of 1.1 renewals

The ILS fund manager, Leadenhall Capital Partners, increased its assets under management to a new record size of $4.5bn last week but acknowledged that brokers determination to negotiate hard ahead of the 1.1 renewals prompted the firm to rein in some new capital flows ahead of closing its books.

Mon 11 Dec 2017

News

Results

Southern California fires to take State’s 2017 loss beyond $10bn

As the industry reeled from AIR Worldwide’s initial $85bn high-end loss estimate for Hurricane Maria in late September, few would have conceived that the then sporadic California wildfires that began a few days later might ultimately lead to insured losses that approach or even exceed Maria’s event loss total.

Mon 11 Dec 2017

News

Brit launches $100mn Bermuda collateralised reinsurer Sussex Re

Leading 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.

Mon 11 Dec 2017