Martin Reith – Neon

Neon to stay under AFG ownership as sales process pulled

2019-06-25T17:08:00+01:00

The process to find a new strategic investor for Neon has been pulled after a recent proposed transaction – thought to involve PE firm Madison Dearborn – was seen as not sufficiently valuing the Lloyd’s insurer.

Lloyd's – Science

Lloyd’s to unveil £53mn innovations facility as latest milestone in transformation strategy

2019-06-25T12:06:00+01:00

A dozen heavyweight Lloyd’s insurers are behind the imminent launch of a new facility that will incubate the future underwriting of cutting-edge risks in an initiative that will be flagged as part of Lloyd’s CEO John Neal’s transformation strategy.

lloydsbuidlinglandscape_6

Misrepresenting the market?

2019-06-21T12:03:00+01:00

It could be argued that Lloyd’s CEO John Neal has achieved more in a matter of months than his predecessor Inga Beale did over the course of her five years in the role.

John Hancock – Lloyd's

Lloyd’s: 22 syndicates to be approved for mid-term growth

2019-06-17T16:25:00+01:00

Lloyd’s performance management directorate (PMD) is set to approve around 22 syndicate applications to increase capacity at mid-point 2019, The Insurer can reveal.

Notable variations in Q9 2017 Lloyd's syndicate result forecasts i

Lloyd’s syndicates’ 2017 forecasts finally stabilises after Irma creep

2019-05-20T08:37:00+01:00

Lloyd’s troubled 2017 year of account is finally stabilising after a series of quarters where syndicates scrambled to update their estimates in response to loss creep from the year’s cat events.

California wildfires

The great D&F revival?

2019-05-16T14:34:00+01:00

With the three market gorillas – AIG, FM Global and Lloyd’s – all scaling back significantly, 2019 looks to provide propitious rating conditions for those staying in the D&F space.

Martin Reith – Neon

Neon to stay under AFG ownership as sales process pulled

2019-06-25T17:08:00+01:00

The process to find a new strategic investor for Neon has been pulled after a recent proposed transaction – thought to involve PE firm Madison Dearborn – was seen as not sufficiently valuing the Lloyd’s insurer.

Sompo & Samsung

Samsung to take “strategic stake” in top-five Lloyd’s insurer Canopius

2019-05-03T08:56:00+01:00

Korean insurer Samsung Fire & Marine Insurance (SFMI) has taken a strategic stake in top five Lloyd’s carrier Canopius and said it is a major step in its international ambitions.

RFIB for sale sign

BGC Partners pulls out of RFIB sale process

2019-05-02T23:45:00+01:00

BGC Partners has pulled out of the sale process for RFIB Insurance Brokers, The Insurer can reveal. In late March, this publication revealed that BGC Partners and AmWINS were frontrunners in the Calera Capital-run process.

London, city skyline

Aspen taps Lloyd’s Brekenfeld for corporate development role

2019-06-19T09:29:00+01:00

Bermuda-based Aspen has named former Lloyd’s oversight manager Joshua Brekenfeld as director of global corporate development.

Chaucer – London

Chaucer bolsters London A&H book with TransRe hire

2019-06-13T12:06:00+01:00

Lloyd’s specialty insurer Chaucer has hired Sarfraz Pivano from Transatlantic Reinsurance Company to take up the role of accident & health treaty underwriter in its reinsurance division.

Sasa 2

Brcerevic appointed head of Aon's Carrier Solutions Group

2019-06-03T20:45:00+01:00

Aon has named Sasa Brcerevic as head of its MGA-focused Carrier Solutions Group, The Insurer can reveal.

Starr Insurance Companies

Starr hires Marsh exec as UK and Europe FI head

2019-05-30T22:24:00+01:00

Andrew Hopper has been appointed head of financial institutions for the UK and Europe at Starr Insurance Companies.