Lancashire’s Creagh-Coen emerges at FidelisJonathan Creagh-Coen has joined London-based carrier Fidelis as head of strategic relationships.
Rate increases ‘dissipate’ at June and July renewals: Willis ReThe momentum for rate increases on loss-free reinsurance accounts dissipated during the June and July property catastrophe renewals, according to analysis by Willis Re.
Darag confirms Booth as next chief execGerman legacy acquirer Darag has confirmed the appointment of former R&Q finance boss Tom Booth as its next CEO.
Neon goes live with Nordic marine platform OrcaLloyd’s insurer Neon has confirmed the launch of Orca Insurance Agency, as first revealed by re-Insurance.com back in November.
Brit looks to Navigators for US casualty team growthBrit Global Specialty USA has appointed Mark Richards as senior vice president for general liability.
Lloyd’s begins hunt for Beale’s successorLloyd’s has confirmed that Inga Beale will step down in 2019 after five years as CEO as it begins a search for her successor.
Assurant inks $1.3bn property cat reinsurance programmeUS gadget and lender-placed homeowners carrier Assurant has secured a $1.3bn of property catastrophe cover for 2018, the insurer has announced.
Lloyd’s CEO Beale to step downThe chief executive of Lloyd’s Inga Beale is to step down after four years at the helm of the Corporation.
Liberty Mutual’s Limestone Re grows to almost $700mnUS insurance giant Liberty Mutual’s Bermuda-based sidecar Limestone Re has bolstered its collateral by $278mn after a new private placement.
Chaucer expects casualty premiums to fall 11%Up-for-sale Lloyd’s carrier Chaucer expects its casualty book to shrink over the next two years according to a business plan seen by re-Insurance.com.
Advent pulls the plug on hull and cargo bookFairfax-owned Lloyd’s syndicate Advent has become the latest carrier to pull out of marine classes, after it stopped writing hull and cargo lines earlier this week, re-Insurance.com can reveal.
Validus Specialty picks XL Catlin’s Eells as COOValidus’ specialty business, which includes Western World and Lloyd’s syndicate Talbot, has tapped Bob Eells to join as chief operating officer.
Lockton takes Willis Re’s Ridge as marine and energy reinsurance bossIndependent broker Lockton has hired Jerry Ridge from Willis Re to head up its global marine and energy reinsurance division.
UK motor insurance market picks up on back of improved Ogden outlookThe UK motor insurance market has posted its best underwriting result since 1994, according to a study by EY.
Merck’s $915mn NotPetya hit may infect beyond its $275mn cyber towerOne year on from what is already the largest loss in cyber liability history, insurers on US pharmaceutical firm Merck’s vast $1.75bn property tower are still waiting on a formal loss notification.
Folgate resuscitated to write UK insurance againFormerly-defunct Towergate insurer Folgate has been revived by its new owner APC Underwriting, a managing general agent.
Pool Re’s Enoizi identifies areas to widen remitThe chief executive of UK terror mutual Pool Re has identified key areas where the organisation can bridge the gap between the private terrorism market and public coffers.
JLT Capital Markets places $45.3mn cat bondJLT’s alternative capital business has completed a $453mn catastrophe bond transaction.
Up-for-sale Chaucer hikes 2018 reinsurance spendLike its fellow up-for-sale (re)insurer Aspen, Lloyd’s carrier Chaucer has dramatically hiked its reinsurance spend in 2018 after last year’s heavy losses, re-Insurance.com can reveal.
CCRIF to remain parametric ‘for now’; launching new productsThe chief executive of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has dispelled speculation that the organisation is moving away from parametric triggers while confirming it is close to launching new products.