Financial Lines

Aviva expands financial lines team led by CNA Hardy’s Singh as UW director

UK insurer Aviva has unveiled a series of hires to its financial lines team, overseen by newly appointed underwriting director Ramesh Singh.

AIG sees signs of a floor in financial lines

Significant softening in financial lines – largely led by public D&O – has been a dominant theme of the last year or more and was an offsetting factor in both NPW growth and rate at AIG.

Allianz forms in-house claims team for financial lines

Allianz Commercial has formed a new UK-based in-house financial lines claims team to support its D&O and professional indemnity propositions.

Canopius unveils investment management cover for asset managers

Specialty (re)insurer Canopius has launched a new investment management cover for asset managers in response to the shifting risk landscape in the highly regulated sector.

HDI Global Specialty takes majority stake in Falcon from Griffin Highline

HDI Global Specialty has taken a majority stake in Falcon Risk Services, buying out founding investor Griffin Highline’s stake, with the firm saying it expects the financial lines and cyber-focused MGA to be “a major growth driver” for it in the US.

K2’s Aegis Financial Lines launches as Lloyd’s coverholder with Leach at helm

Aegis Financial Lines in partnership with sister company K2 Financial has been approved as a Lloyd’s coverholder and has been launched under the leadership of former Hanover Group executive Kevin Leach.

QBE Re bolsters leadership with three global product heads

QBE Re has appointed three global product heads including Salvatore Sama for casualty, Jane Farren for financial professional lines, and Derek Durst for cyber.

MS Amlin launches Middle East financial lines cover

MS Amlin has launched financial lines cover in the Middle East, with senior financial lines underwriter Tom Horswill named as lead.

CAC Specialty adds Axis’ Neumann as managing claims counsel for FL

Ryan Specialty creates international financial lines MGU led by Bouloux

Ryan Specialty has combined its EmergIn Risk, StartPoint Executive Risks, Ryan Specialty Nordics and Capital Bay units with the professional liability portfolios housed in its national programs division to create a new MGU called Ryan Financial Lines.

Distinguished Programs secures A++ RSUI paper for executive lines launch

Distinguished Programs will begin accepting submissions from wholesalers in the new year for its Ryan Becker-led Distinguished Executive Lines business after entering into a strategic partnership with RSUI subsidiary Covington Specialty Insurance Company, E&S Insurer can reveal.

CAC adds Lockton’s Ross as private equity practice COO

CAC Specialty has brought in Kenny Ross from Lockton as chief operating officer within its private equity practice.

Blenheim’s MGA arm launches FL division Verde

White Bear Managers – the MGA arm of Lloyd’s insurer Blenheim – has launched a financial lines division named Verde, The Insurer can reveal.

Arrow Risk launches finpro underwriting practice led by Wood and Cubitt

Specialty MGA platform Arrow Risk Management has launched a financial and professional lines underwriting practice, under the leadership of newly appointed Andrew Wood and Ben Cubitt.

Lockton adds Guy Carp’s Spore for new US financial services markets leader role

Lockton has appointed Greg Spore US financial services markets leader, with the new recruit joining the business from Guy Carpenter where he most recently served as the reinsurance broker’s Financial Lines Center of Excellence leader.

Pen forms standalone UK financial lines and specialist liability division

Gallagher’s UK-based MGA Pen Underwriting is to separate out its international & financial lines (IFL) division and form a standalone UK financial lines and specialist liability division.

Oneglobal bolsters FL offering with IRB Brasil underwriting specialist

JC Flowers-owned Oneglobal Broking has appointed Thayane Cesar Rocha as financial lines manager for (re)insurance.

Swiss Re CorSo names Butera head of finpro and casualty North America

Swiss Re Corporate Solutions has named Lisa Butera as head of financial and professional (finpro) and casualty in North America, with the executive stepping up to fill the roles left vacant following Laura Coppola’s departure in October.

Consilium handed Jersey licence in financial lines expansion

Expansive London wholesaler Consilium has been granted a licence by the Jersey Financial Services Commission to provide local insurance broking counsel to professional and financial lines firms in Jersey.

Epic’s financial services division forms capital solutions group

US retail broker Epic Insurance Brokers & Consultants has expanded its financial services division with the creation of a new insurance capital solutions group.

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