Guy Carpenter remains an upbeat outlier on 1.1 rates as Swiss Re adds to caution
Guy Carpenter remains an outlier on its 1.1 renewals stance as Swiss Re became the latest firm to strike a more cautious note when it published its FY 2019 results today.
The FCA on the London market: a curious critique
Another year, another report from the UK regulator the Financial Conduct Authority (FCA) on the state of the country’s financial services sector, examining the ways in which the financial environment is changing and the impact of these changes on market effectiveness.
Spotlight now on Ardonagh as GRP finds new investor in Searchlight
The news yesterday that UK broker aggregator GRP has agreed terms to sell a majority stake to the US PE House Searchlight Capital Partners has focussed the spotlight on its larger rival Ardonagh, the company founded by GRP’s executive chairman Peter Cullum.
TigerRisk appoints Cooper as London capital advisory head
TigerRisk Partners has appointed former Lloyds Bank insurance head Bill Cooper as managing director of capital advisory in the latest move by the US reinsurance intermediary to build out its London platform.
Willis exploring potential Miller sale
Willis Towers Watson has confirmed it is looking at options for London wholesale broker Miller Insurance Services, which it acquired in 2015.
Pool Re relaunches VSAT; upgrades premium discount to 7.5%
Pool Re, the UK state-backed terrorism reinsurer, has relaunched and upgraded its landmark Vulnerability Self-Assessment Tool (VSAT), designed to help instil resilience for UK businesses and to cut the cost of terrorism premiums for qualifying insureds.
Spotlight now on Ardonagh as GRP finds new investor in Searchlight
The news yesterday that UK broker aggregator GRP has agreed terms to sell a majority stake to the US PE House Searchlight Capital Partners has focussed the spotlight on its larger rival Ardonagh, the company founded by GRP’s executive chairman Peter Cullum.
Willis exploring potential Miller sale
Willis Towers Watson has confirmed it is looking at options for London wholesale broker Miller Insurance Services, which it acquired in 2015.
Axa LM and RenRe strike deal for TMRe legacy book
Axa Liabilities Managers (Axa LM) has agreed to acquire a legacy book from RenaissanceRe which the (re)insurer inherited through its $1.5bn acquisition of Bermudian neighbour Tokio Millennium Re.
Pioneer agrees deal with K2 Insurance Services
MGA Pioneer Underwriters has agreed commercial terms for a transaction with K2 Insurance Services in a move which will see the US program manager and MGA take over Pioneer’s underwriting divisions and personnel.
TigerRisk appoints Cooper as London capital advisory head
TigerRisk Partners has appointed former Lloyds Bank insurance head Bill Cooper as managing director of capital advisory in the latest move by the US reinsurance intermediary to build out its London platform.
Financial sector gender diversity report author to sit on Lloyd’s culture group
As part of an effort to address criticism of its workplace culture, Lloyd’s has recruited several prominent figures including former Virgin Money CEO Dame Jayne-Anne Gadhia to join a new Fiona Luck-led independent advisory group.
Swiss Re CorSo names Pritchard as head of distribution UK
Swiss Re Corporate Solutions (CorSo) has appointed former Crawford global relationship leader Caroline Pritchard as head of distribution UK, as the the reinsurance giant continues to shake up its loss-making primary insurance arm.
HW International continues growth with Loring arrival
HW International (HWI) has continued on its recent expansion push by adding to its capabilities in the political violence, terrorism and cyber insurance markets with the hire of Paul Loring.