BCI and PCP acquire 70% of London wholesaler BMS

Management own significant minority stake to continue organic growth strategy…

Mon 17 Jun 2019

MS Amlin hires RSA’s Vogiatzidou to lead marine in Dubai

MS Amlin – a subsidiary of Japanese giant MS&AD – has appointed Mary Vogiatzidou as senior marine underwriter, based out of the carrier’s Dubai office.

Mon 17 Jun 2019

Cyber market questions whether it should cover privacy claims

The cyber insurance market is bracing itself for a deluge of claims once the California Consumer Privacy Act (CCPA) comes into effect at the start of 2020, prompting some underwriters to ask whether the market should be covering these types of losses.

Fri 14 Jun 2019

Lockton wins TRO against Alliant in Delaware court

Lockton has secured a temporary restraining order (TRO) preventing Alliant from soliciting previous clients of the Chuck McDaniel-led group of seven Denver-based producers that defected to the rival broker in March.

Fri 14 Jun 2019

S&P: insurers face outsize losses from potential casualty catastrophes

Fri 14 Jun 2019

Lloyd’s expense ratio won’t improve in 2019: Hancock

Lloyd’s has launched a new review of administrative expenses after the Corporation’s performance management director Jon Hancock confirmed the market’s stubbornly-high circa 40 percent expense ratio is unlikely to improve in 2019.

Fri 14 Jun 2019

Aspen launches cyber risk management platform

Aspen Insurance has released a cyber risk management platform called SSIMPLE to assist clients in the prevention and detection of and response to privacy and network security incidents.

Fri 14 Jun 2019

CEA seeks better balance between prevention and protection

Over the last two decades the California Earthquake Authority (CEA) has become one of the largest buyers of property cat reinsurance globally.

Fri 14 Jun 2019

Marine war rates expected to soar after Gulf of Oman incident

Premiums for marine war insurance in the Gulf of Oman are expected to sky-rocket in the wake of a suspected attack on two oil tankers in the region yesterday, The Insurer understands.

Fri 14 Jun 2019

S&P raises Lloyd’s outlook from negative to stable

Ratings agency S&P has raised its outlook of the Lloyd’s market from negative to stable in the wake of changes made by the Corporation to turnaround underperforming businesses, scale back catastrophe exposures and address its capital adequacy.

Fri 14 Jun 2019

Compre completes trio of Gibbon pool transactions

Independent legacy acquirer Compre has completed a trio of transactions involving Basler Versicherung (Baloise), Helvetia Swiss Insurance Company (Helvetia), and an undisclosed European insurance group.

Fri 14 Jun 2019

UK motor insurance hits 33-year high in 2018: EY

UK motor insurance books posted a net combined ratio (NCR) of 94.8 percent last year, making 2018 UK motor’s best performing year since 1985, according to EY analysis.

Fri 14 Jun 2019

Sedgwick names Cheng Asia COO

Carlyle Group-backed Sedgwick has named Wayne Cheng its chief operations officer for Asia.

Fri 14 Jun 2019

Swiss Re confirms ReAssure London listing set for July

Swiss Re’s closed life book consolidator ReAssure is set to go live with its initial public offering (IPO) on the main market of the London Stock Exchange in July, the reinsurer confirmed today.

Fri 14 Jun 2019

Sirius discloses stake in Greenlight Capital Re

Bermudian Sirius built a holding in ailing hedge fund reinsurer Greenlight Capital Re (GLRE) of as much as 5.7 percent in the last year, SEC filings have revealed.

Fri 14 Jun 2019

WR Berkley leads insurtech Sure’s $12.5mn funding round

US insurtech Sure has raised $12.5mn in a Series B funding round led by WR Berkley, bringing its total funding to $23.1mn.

Fri 14 Jun 2019