Neon to stay under AFG ownership as sales process pulled
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 to unveil £53mn innovations facility as latest milestone in transformation strategy
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.
Misrepresenting the market?
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.
Lloyd’s: 22 syndicates to be approved for mid-term growth
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.
Lloyd’s syndicates’ 2017 forecasts finally stabilises after Irma creep
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.
The great D&F revival?
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.
Neon to stay under AFG ownership as sales process pulled
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.
Samsung to take “strategic stake” in top-five Lloyd’s insurer Canopius
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.
BGC Partners pulls out of RFIB sale process
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.
Aspen taps Lloyd’s Brekenfeld for corporate development role
Bermuda-based Aspen has named former Lloyd’s oversight manager Joshua Brekenfeld as director of global corporate development.
Chaucer bolsters London A&H book with TransRe hire
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.
Brcerevic appointed head of Aon's Carrier Solutions Group
Aon has named Sasa Brcerevic as head of its MGA-focused Carrier Solutions Group, The Insurer can reveal.
Starr hires Marsh exec as UK and Europe FI head
Andrew Hopper has been appointed head of financial institutions for the UK and Europe at Starr Insurance Companies.