Retailers urge gov to extend credit insurance schemeBritish retailers are lobbying the government to extend the trade credit insurance guarantee scheme amid fears that firms could be left without cover when it ends.
Insurtech Urban Jungle raises £8mn in latest funding roundInsurtech start-up Urban Jungle has raised £8mn ($11.3mn) from investors including Mundi Ventures, technology-focused venture capital firm Eka Ventures and a host of high-profile private investors.
Brit launches marine war consortiumFairfax-owned Brit has announced the launch of a new marine consortium which is designed to revolutionise the writing of marine war and breach call risks.
Eliot Partnership adds Williams to London teamInsurance sector executive search firm Eliot Partnership has added Nigel Williams as a senior consultant in the latest addition to its London team.
Guy Carpenter names Arthur as head actuary for UK non-specialtyGuy Carpenter has named Brit’s David Arthur as head actuary of its UK non-specialty business, which encompasses global casualty, accident and health, UK property and UK motor.
RSA sale completes as scheme of arrangement becomes effectiveThe scheme of arrangement facilitating RSA’s acquisition by Intact Financial and Tryg has taken effect as expected today following its approval by the High Court on 25 May.
Lloyd’s, LMA and IUA agree central processing partnership with DXC TechnologyLloyd’s has announced a partnership that will see DXC Technology develop new digital processing capabilities to help achieve the ambitions set out in the market’s Blueprint Two initiative.
ERS-backed Arcus expands into specialty classesFast-expanding Lloyd’s insurer ERS has received approval for Arcus Syndicate 1856 to commence writing new lines of business including D&F property, cargo and specie, marine and energy liability and political risk.
LSM adds to war and terrorism team with AGCS’ HumphriesLiberty Specialty Markets (LSM) has strengthened its London-based war and terrorism risk team with the hire of Amy Humphries from Allianz Global Corporate & Specialty (AGCS).
Operational resilience – strength from withinMonique Alder, chief operating officer at Volante Global, considers the operational shift in the London market driven by the pandemic and considers how it might alter the operating environment moving forward.
MS Amlin Underwriting adds Trilovszky to boardLloyd’s (re)insurer MS Amlin Underwriting Limited (MS AUL) has appointed Munich Re executive Heike Trilovszky to its board as a notified independent non-executive director.
Numis raises Lancashire price target on specialty lines expansionNumis Securities has raised its target share price on London-listed carrier Lancashire on the back of its specialty lines expansion, highlighting the potential for strong returns and capital distributions in future years.
Ki CEO: more competitors will adopt digital follow-only modelKi CEO Mark Allan has predicted others will attempt to follow the model of a digital follow-only syndicate, stating that the platform’s early success serves as proof for the potential and growing need for technology in the London market.
Masojada: market hardening to continue until 2023Hiscox CEO Bronek Masojada has said that the (re)insurance market will continue to benefit from hardening rates for the next two years after the carrier reported top-line growth driven by favourable pricing momentum in the first quarter of 2021.
Brit’s Ki bound 1,000+ risks in Q1; launches Broker APIBrit Insurance’s pioneering follow-only syndicate Ki bound over 1,000 risks in the first quarter of this year, the platform revealed as it announced the release of its Broker API.
Kaufman’s Cranbrook makes healthcare move with Dual hiresCranbrook Underwriting has made a move into the healthcare space with the hires of Gareth Absalom and Carolyn Pritchard from Dual Corporate Risks.
BGC “confident” it will find transaction for CorantBGC Partners said today it is open to a broad range of options including a public listing or private sale for its Corant Global business, which saw its brokerage revenue rise to a record-high $52.4mn during the first quarter.
City Corporation aims to attract tech-led businesses to Square MileThe City of London Corporation has unveiled its vision to remain a “world-class business ecosystem” with an increased focus on encouraging technology-led businesses to the Square Mile.
Aon’s Case: Industry must improve offering for systemic risk solutionsThe (re)insurance market needs to urgently usher in a “new era of innovation and partnerships” if it is to address and provide cover against systemic risks on behalf of clients, Aon CEO Greg Case has said.
Chaucer moves to The ScalpelChaucer has relocated to The Scalpel from its current office location at 30 Fenchurch Street.