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Palomar shares surge after IPO prices at low end of range

2019-04-17T22:15:00+01:00

Shares in Palomar Holdings jumped 27 percent on their first day of trading today after the US specialist quake carrier floated on Nasdaq at the lower end of the expected range, pricing its initial public offering at $15 per share.

NSM white mountains

NSM targets further 2019 acquisitions to grow premium beyond $1bn

2019-04-16T22:05:00+01:00

White Mountains-owned full service MGU and program administrator NSM is expected to add to its Embrace Pet Insurance acquisition in the coming months, as it continues to execute its specialty niche roll-up strategy through a strong pipeline of bolt-on transactions.

Marsh

Cyber capacity booming but insurers increasing scrutiny: Marsh

2019-04-12T17:17:00+01:00

Marsh has revealed that higher demand for cyber insurance is not leading to higher pricing, with rates down by 0.6 percent for the coverage in the fourth quarter.

berneunion logo

Credit and investment insurers paid “tolerable” $6.5bn claims in 2018

2019-04-11T22:08:00+01:00

The Berne Union has revealed its members paid more than $6bn in claims for a fourth consecutive year in 2018, including political risk claims more than doubling over 2017.

Greg Wolyniec – Ascot

Ascot Insurance US readies environmental and inland marine launch

2019-04-09T18:32:00+01:00

Ascot Group’s start-up US admitted carrier will begin quoting on its John O’Brien-led environmental book in mid-April as it looks to build out six core business lines in its first year targeting middle market and small account business, The Insurer can reveal.

Ethiopian Airlines

Ethiopian Airlines insurers put up $275mn reserve

2019-04-08T17:06:00+01:00

Lead Ethiopian Airlines insurer Chubb and broker Willis has recommended a $275mn reserve for liability and legal costs from the fatal crash of Ethiopian Airlines flight 302.

Greg Wolyniec – Ascot

Ascot Insurance US readies environmental and inland marine launch

2019-04-09T18:32:00+01:00

Ascot Group’s start-up US admitted carrier will begin quoting on its John O’Brien-led environmental book in mid-April as it looks to build out six core business lines in its first year targeting middle market and small account business, The Insurer can reveal.

John Thompson – Gallagher

Gallagher names Thompson CEO of UK specialty and wholesale

2019-04-08T09:56:00+01:00

Broker Gallagher has named John Thompson as chief executive officer of its UK specialty London market and wholesale businesses, a position he has held on an interim basis since September 2018.

Aurous and Arcus

ILS Lloyd’s carrier Arcus highlights strategy shift by backing Beardmore’s London MGA

2019-04-04T14:24:00+01:00

Newly launched London-based MGA, Aurous Risk Partners has secured its first Lloyd’s energy binder, led by Credit Suisse’s Lloyd’s platform Arcus Syndicate 1856.

Marsh

Cyber capacity booming but insurers increasing scrutiny: Marsh

2019-04-12T17:17:00+01:00

Marsh has revealed that higher demand for cyber insurance is not leading to higher pricing, with rates down by 0.6 percent for the coverage in the fourth quarter.

Greg Wolyniec – Ascot

Ascot Insurance US readies environmental and inland marine launch

2019-04-09T18:32:00+01:00

Ascot Group’s start-up US admitted carrier will begin quoting on its John O’Brien-led environmental book in mid-April as it looks to build out six core business lines in its first year targeting middle market and small account business, The Insurer can reveal.

Jennifer Minors – AXA XL

Axa XL makes senior Bermuda professional lines promotion

2019-04-03T22:17:00+01:00

Axa XL has announced Jennifer Minors as senior vice president and product line leader in its Bermuda professional lines insurance unit.

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