Mosaic names Harland to succeed Jay as global head of professional liabilityMosaic Insurance has appointed Francesca Harland as global head of professional liability.
Ageas Re names Coface’s Hirn to lead new credit and bond offeringAgeas Re, the reinsurance arm of Belgian insurance group Ageas, has hired underwriting veteran Sylvie Hirn to lead its newly launched credit and bond offering, The Insurer can reveal.
Saga confirms discussions with Ageas over insurance partnershipSaga has confirmed it is in discussions with Ageas on a potential partnership arrangement for its insurance business.
Gallagher names Collings chief broking officerGallagher has appointed industry veteran Simon Collings as chief broking officer.
Aviation lessors prepare to fight insurers as Russia-Ukraine mega-trial gets under way in LondonLater today London’s commercial court will begin hearing a multi-billion-dollar legal battle between some of the world’s largest aviation lessors and their insurers over hundreds of aircraft stranded in Russia, a “mega-trial” set to have far-reaching consequences for the aviation (re)insurance market.
Credit Suisse ILS completes MBO from UBS ahead of rebrand to Euler ILS PartnersThe team behind Credit Suisse Insurance Linked Strategies Ltd has completed a management buyout with the group now operating independently from UBS Group, and the operation poised to be renamed Euler ILS Partners Ltd later this month.
Bonanno joins Canopius as head of casualty in BermudaCanopius had continued to build out its underwriting management team in Bermuda with the hire of Joe Bonanno as head of casualty on the island.
Aon promotes Digel among five US financial services group appointmentsAon has made five appointments within its US financial services group (FSG) with Anna Digel promoted to chief broking officer for the unit, while Collin Breeney and Joe Reynolds will now co-lead its operations in the greater New York region.
Cowbell brings in Pagliarulo as head of financeCyber insurtech Cowbell Insurance has hired Denise Pagliarulo as senior vice president and head of finance, as it also promoted Eric Biderman to general counsel.
HSB unveils E&S cyber cover targeted at firms with under $1bn in revenuesHSB has brought a new E&S cyber coverage to market targeted at commercial clients with revenue of up to $2bn that have specialist needs that require comprehensive coverage.
S&P: K2 posts $1.6bn revs and $83mn adj Ebitda in TTM to 30 June 2024K2 Insurance Services generated total net revenue of around $237mn and gross premiums written of some $1.6bn in the 12 months to 30 June 2024, with the Bob Kimmel-led MGA platform’s adjusted Ebitda for the period totalling $83mn, according to S&P Global Ratings.
Ryan Specialty in deal to buy EverSports MGU assets from EverestRyan Specialty and Everest Group have announced a deal for the wholesaler and underwriting giant to acquire certain assets of sports, leisure and entertainment risks MGU EverSports & Entertainment Insurance from the Bermudian (re)insurer.
Moody’s RMS puts insured losses from Central Europe floods at up to €3.5bnMoody’s RMS Event Response has published an estimate for insured losses from the flooding in Central Europe last month at between €2.5bn and €3.5bn ($2.8bn and $3.9bn).
DA Strategy appoints Antony associate director of MGA advisory and launchJason Anthony has joined consultancy firm DA Strategy as associate director of MGA advisory and launch.
Landaverde to partner with Euclid on new cyber MGUAnnamaria Landaverde is set to partner with Euclid to launch a new cyber MGU following her exit from Munich Re, Cyber Risk Insurer can reveal.
Cowbell CFO Junius exits cyber insurtech with no IPO in sightCowbell CFO David Junius is leaving the cyber insurtech less than two years after the former SiriusPoint finance chief and AIG executive joined the firm, Cyber Risk Insurer can reveal.
SiriusPoint completes $400mn workers’ comp LPT deal with EnstarEnstar Group has completed its previously announced loss portfolio transfer transaction with SiriusPoint that sees a subsidiary of the legacy specialist reinsure a $400mn portfolio of workers’ compensation business covering the 2018 to 2023 underwriting years.
Covéa victorious in ~£70mn pandemic BI reinsurance disputeThe UK arm of French insurer Covéa has won its long-running dispute with Italian reinsurer Unipol over Covid-19 business interruption reinsurance recoveries, with a London appellate court upholding findings that the pandemic met the definition of "catastrophe" used in the policy.
WTW to take $1.6bn-$2.1bn charge after selling Tranzact for half its purchase priceWTW has announced a deal to sell its Tranzact direct-to-consumer insurance distribution business to private equity firm GTCR and technology services investment platform Recognize for $632.4mn, just under half the $1.3bn in cash it paid back in 2019.
AM Best Rating Services names Gillard to succeed MosherAM Best has named James Gillard as the successor to Matt Mosher, the president and CEO of its ratings services business, who is retiring at the end of the year after almost 30 years with the company.