HDI Global Specialty targets Eur2.1bn GWP by 2024
London-headquartered HDI Global Specialty has set its sights on generating Eur2.1bn of gross written premium by its fifth full year of trading, with the business aiming to take advantage of the disruption within the London Market and seeking further European expansion.
Marsh hires Aon’s Quintal for US FI team
Marsh has brought in Jacqueline Quintal from rival Aon as a managing director within its US financial institutions practice.
Arch moves Carlos to Castel as specialty head
Arch Capital-owned MGA Castel Underwriting Agencies has appointed Raoul Carlos as head of specialty, in a move that will see him transition from his energy-focused role at Arch Insurance.
Iran sanctions to delay settlement of Ukrainian Airlines claims
Underwriters on the hook for the Ukrainian International Airlines (UIA) flight that was shot down by an Iranian missile are likely to withhold payment for the claim over fears of inadvertently breaking international sanctions, The Insurer understands.
AIG and Tokio attempt to steer clear of $23mn Hertz payout
Hertz’s D&O insurers have asked a New York court to rule that the car rental company is not entitled to an insurance payout related to a settlement with the US Securities and Exchange Commission.
RKH Specialty adds to A&H with director Putnam
Hyperion-owned RKH Specialty has hired Richard Putnam as a divisional director of healthcare.
Arch moves Carlos to Castel as specialty head
Arch Capital-owned MGA Castel Underwriting Agencies has appointed Raoul Carlos as head of specialty, in a move that will see him transition from his energy-focused role at Arch Insurance.
Total’s Gonfreville refinery fire could cost downstream market $200mn
The beleaguered downstream energy market is facing the prospect of a loss in the range of $100mn-$200mn as a result of a fire at French petrochemical giant Total’s Gonfreville refinery in Normandy last month, The Insurer can reveal.
Lloyd’s picks marine and casualty classes to trial lead-follow overhaul
Lloyd’s has unveiled that marine hull and international casualty binders will be the first lines to partake in the refreshed lead-follow pilot under the transformative Future at Lloyd’s Blueprint One scheme, a key initiative in CEO John Neal’s determination to drive down the market’s bloated cost structure.
Marsh hires Aon’s Quintal for US FI team
Marsh has brought in Jacqueline Quintal from rival Aon as a managing director within its US financial institutions practice.
AIG and Tokio attempt to steer clear of $23mn Hertz payout
Hertz’s D&O insurers have asked a New York court to rule that the car rental company is not entitled to an insurance payout related to a settlement with the US Securities and Exchange Commission.
Marsh JLT Specialty looks to Stephens for head of international cyber
MMC’s specialty arm, Marsh JLT Specialty, has broadened Sarah Stephens’ role to include head of cyber, international, with immediate effect.