PE-backed MGA Avid makes debut acquisition with IIGL dealPE-backed London intermediary and MGA Avid Insurance Services has made its first acquisition with a deal to buy specialist construction MGA Incorporated Insurance Group Ltd (IIGL).
Miller rebrands Alston Gayler to Miller ReBroker Miller has rebranded its Alston Gayler unit as Miller Re Limited ahead of plans to ramp up its reinsurance business under new ownership.
Acrisure Re adds Arch’s Canagaretna to London corporate advisory unitAcrisure Re – which was formerly known as Beach Associates – has appointed Ben Canagaretna as managing director of its London corporate advisory and solutions business.
Government issues whiplash claim rules ahead 31 May deadlineThe UK government has revealed a package of legal rules that will enable whiplash reforms to come into force on 31 May.
Sturdy completes SSL buyback with high-profile London backersLondon market marine specialist Andrew Sturdy has completed the buyback of the intermediary he founded SSL Insurance Brokers Ltd less than three years after selling it to PE firm JC Flowers.
What are the XoL reinsurance Implications of the UK’s BI FCA Test Case?The 15 January Supreme Court judgment on disputed business interruption (BI) claims will have a significant impact on property insurers but its findings do not govern the reinsurance response to Covid losses, according to Guy Carpenter.
AGCS names Hegel as regional head of client services and multinationalAllianz Global Corporate & Specialty (AGCS) has named Zurich’s Kevin Hegel as regional head of client services and multinational for Regional Unit London (RUL) and Nordics.
Lancashire names Jones group head of specialty insuranceLondon-listed Lancashire has named former Axa XL global energy chief underwriting officer Huw Jones as group head of specialty insurance, The Insurer can reveal.
Axa XL bolsters UK downstream and power unit with StarStone’s BishopAxa XL has named StartStone’s Matthew Bishop as downstream and power senior underwriter for the UK and Lloyd’s market.
Former Axa XL duo to launch D&O MGA Rising EdgeTwo former Axa XL executives, Philippe Gouraud and Yoel Brightman, are to launch a London-based MGA writing directors’ and officers’ (D&O) insurance.
HAG criticises Hiscox over delayed BI payoutsLondon-listed Hiscox has been accused of failing to payout on Covid-19-related business interruption (BI) claims, despite growing pressure from the UK regulator.
New Bermuda and London capital could have “dampening” price impact: AM BestBermudian and London market (re)insurers have been able to raise equity with relative ease, which could have a dampening effect on pricing improvements, AM Best has commented.
Mosaic hires former Axa XL cyber specialist Tuplin to head international bookJames Tuplin has joined Mosaic as head of international cyber underwriting following his recent departure from Axa XL, The Insurer understands.
MS Amlin hires Skuld’s Draper as senior yacht underwriterMS Amlin has hired Fergus Draper as a senior yacht underwriter, with the new arrival making the move after more than eight years at Skuld, The Insurer has learned.
Lloyd’s latest culture survey shows improvements but booze and bullying still prevalentA Lloyd’s-commissioned survey suggests there has been a reduction in the number of cases of inappropriate behaviour following the introduction of tough new measures to improve the market’s culture by CEO John Neal.
Lebecq to leave LMG to join SRGClare Lebecq is to leave her role as CEO of the London Market Group to join HGGC-backed Specialist Risk Group.
Price Forbes adds four to aviation practiceArdonagh-owned Price Forbes has swooped on rivals Ed Broking, KM Dastur and Marsh to make four hires to its global aviation practice.
Aon: New London market capacity expected for financial linesNew London market capacity for financial lines is expected to launch in the coming months, broker Aon has predicted, on the back of significant premium rate increases through 2020.
WTW: Little appetite for major overhaul of EU capital rulesWillis Towers Watson has argued that there is “little appetite” for a drastic overhaul of capital requirements following the UK’s post-Brexit review of Solvency II, adding that changes should instead be focused on “poorly designed” principles such as the risk margin.
Aegis reports 40% growth in e-trading usage as lockdowns push market onlineLloyd’s managing agency Aegis London’s online quote-and-bind platform Opal experienced 40 percent growth during 2020 amid a boom in electronic trading within the London market due to coronavirus lockdowns.