Specialist insurance consolidator Global Risk Partners has seen gross written premium exceed £700mn, up 27 percent on 2016/17 as the Peter Cullum led firm builds on ambitions to be a £1bn GWP business.
Lloyd’s Lab - the innovator accelerator launched by the Lloyd’s market last September – has launched a global search for the next cohort of InsurTech innovators.
2018 now appears odds on to have exceeded last year in terms of insured losses from the California wildfires following a series of disclosures and loss estimates late last week.
Willis Towers Watson (WTW) has backed up its reputation as a London market “good citizen” by publishing data showing its own usage of the e-placement platform, PPL, in the third quarter.
Malaysian reinsurer Labuan Re has written to its markets today reassuring them of its “strong fundamentals” following AM Best’s decision to reduce its outlook on its A- financial strength rating on the carrier from stable to negative.
The Lloyd’s market remains a key part of Axa XL’s distribution capability, Axa XL CEO Greg Hendrick told investors yesterday, as the executive affirmed the carrier’s commitment to Lime Street.
Arch Insurance Europe is to take over the UK commercial lines business of The Ardonagh Group.
Private equity’s interest in London market brokers has continued this morning with news that BGC Partners has acquired Ed.
Miller has confirmed it has entered into a definitive agreement to acquire Dutch-owned London market wholesaler Alston Gayler, as previously predicted by Re-Insurance.
CNA Hardy has named Carl Day as Active Underwriter of Syndicate 382, taking on the role from Patrick Gage.
Former French central bank governor Christian Noyer has been appointed non-executive director of the Lloyd’s Council, and independent non-executive director of Lloyd’s Brussels’ with effect from 2 November.