Arcus active u/w Shepherd and NA treaty head James out as ERS brings in new talent
Arcus Syndicate 1856 has parted ways with its active underwriter Alex Shepherd and head of North American property treaty Nick James shortly after parent company ERS announced plans to onboard new senior underwriters, The Insurer can reveal.
Numis raises Lancashire price target on specialty lines expansion
Numis Securities has raised its target share price on London-listed carrier Lancashire on the back of its specialty lines expansion, highlighting the potential for strong returns and capital distributions in future years.
The Insurer TV: Split RITCs – the next evolution of Lloyd’s legacy?
Split reinsurance-to-close (RITC) transactions at One Lime Street have the potential to become as common as Part VII transfers in the UK company market with the support of both Lloyd’s and the Prudential Regulation Authority (PRA).
Ki CEO: more competitors will adopt digital follow-only model
Ki CEO Mark Allan has predicted others will attempt to follow the model of a digital follow-only syndicate, stating that the platform’s early success serves as proof for the potential and growing need for technology in the London market.
ProAssurance falls to UW loss as Lloyd’s CR hits 123.4%
ProAssurance reported a slight beat on analysts consensus in 2021’s first quarter despite the carrier posting a 110 percent consolidated combined ratio for the period and its Lloyd’s business’ loss ratio jumping 14.6 points due to higher property and catastrophe events.
Masojada: market hardening to continue until 2023
Hiscox CEO Bronek Masojada has said that the (re)insurance market will continue to benefit from hardening rates for the next two years after the carrier reported top-line growth driven by favourable pricing momentum in the first quarter of 2021.
MPs warn over Bain Capital’s LV= takeover bid
British MPs are to release a report later this week which will outline a series of concerns over the Liverpool Victoria (LV=) Group’s plans to demutualise and sell itself to US private equity group Bain Capital.
CFC acquires Australian cyber security provider Insane Technologies
London cyber-specialist MGA CFC has acquired Australian cyber security and incident response provider Insane Technologies.
Inigo completes acquisition of Syndicate 1301
Newly launched specialty (re)insurance start-up Inigo Limited has completed the previously announced acquisition of Lloyd’s managing agency StarStone Underwriting Limited (SUL) as well as its managed Syndicate 1301 from Enstar and Stone Point Capital.
Helios prepared to “ruffle feathers” as it moves to secure deals
Lloyd’s investment vehicle Helios is poised to begin “firing out offers” for potential nameco acquisitions having successfully secured £53.5mn ($74.3mn) of new funding in its latest capital raise.
Arcus active u/w Shepherd and NA treaty head James out as ERS brings in new talent
Arcus Syndicate 1856 has parted ways with its active underwriter Alex Shepherd and head of North American property treaty Nick James shortly after parent company ERS announced plans to onboard new senior underwriters, The Insurer can reveal.
Tiernan begins Lloyd’s chief of markets role
Patrick Tiernan has today started his role as chief of markets at Lloyd’s.
Carbon continues analytics build-out with Cooney hire
Carbon Underwriting has appointed Fergus Cooney as data analytics engineer as the MGU continues to expand its data analytics capabilities.
Kaufman’s Cranbrook makes healthcare move with Dual hires
Cranbrook Underwriting has made a move into the healthcare space with the hires of Gareth Absalom and Carolyn Pritchard from Dual Corporate Risks.