Specialty

Rokstone bolsters US casualty division with Apollo and Convex hires

Expansive specialty MGA Rokstone has bolstered the ranks of its recently launched US casualty division with the hires of Ben Baker as deputy head of US casualty and Alex Fitzpatrick as senior underwriter.

Westfield Specialty extends wholesale commitment with dedicated UW teams

Westfield Specialty is building dedicated wholesale underwriting teams in US financial lines and professional liability for cyber and E&O as it doubles down on its commitment to the distribution channel as part of its growth strategy, E&S Insurer can reveal.

Gallagher launches DeSilva-led Bermuda specialty unit

Gallagher has launched a new Bermuda specialty insurance business led by managing director Jasmine DeSilva.

Guy Carpenter: Specialty cedants expect rates more in line with risk profile at 1.1

Specialty reinsurance buyers are expected to place equal emphasis on value and price of coverage as they enter discussions over the upcoming 1.1 renewals, according to a report from Guy Carpenter.

Lockton Re hires Gallagher Re’s Meyer as head of specialty

Lockton Re has hired Tom Meyer from Gallagher Re as head of its specialty reinsurance broking division, with Paul Upton moving up to chairman of the unit, The Insurer can reveal.

Lloyd’s Neal: Now is a “great time to be in insurance” amid global specialty opportunity

Lloyd’s CEO John Neal has called on (re)insurers to harness the growth potential of the commercial, corporate and specialty segment to strengthen the sector’s relevance in the face of rising global instability and volatility.

War and political risk continue to loom over specialty lines at 1.1: Aon

The aviation reinsurance market will be closely monitoring the outcomes of legal disputes related to aircraft leasing claims throughout the remainder of the year, with any crystallisation of losses likely to have “very meaningful” impacts on placements at 1.1, according to Aon.

Once gets ASIC capacity to write book of E&S jewellery business

Start-up MGA Once Insurance Group has secured capacity support from AM Specialty Insurance Company to write a book of small valuables coverage.

Bowhead Specialty set for environmental launch as casualty book drives growth

Bowhead Specialty is set to broaden the offerings in its fast-growing casualty portfolio by entering the environmental segment later this year as it continues to target opportunities benefiting from what it sees as favourable tailwinds.

Bowhead Specialty grows top line by 50% but CR worsens to 99.3%

In its first quarterly report as a public company since its May IPO, Bowhead Specialty said gross written premiums increased 50.4 percent to $175.5mn and adjusted net income increased by 20.1 percent to $7.9mn, but its combined ratio was up 6.5 points to 99.3 percent.

Conduit Re doubles down on property and specialty growth without casualty “distractions”

Conduit Re remains focused on targeting growth opportunities in the property and specialty classes, with CEO Trevor Carvey highlighting on a media call how the London-Bermuda carrier is benefiting from a lack of legacy claims from 2019 and prior underwriting years.

Canopius hires Validus Re’s Divitt as Bermuda specialty head

Canopius has hired Validus Re’s Craig Divitt as head of specialty in Bermuda, The Insurer can reveal.

Arch gets regulatory approval for Allianz US midcorp and entertainment acquisition

Arch Insurance North America’s planned acquisition of Allianz’s US midcorp and entertainment insurance businesses has navigated a major potential hurdle after the Bermudian carrier received the green light from regulators for the deal to go ahead.

Yacht-focused DUAE Edward William gets PA-4 assessment from AM Best

Yacht insurance specialist Edward William Insurance Services has become the latest delegated underwriting authority enterprise to get a performance assessment from AM Best, with the Plantation, Florida-based business receiving a PA-4 (fair) from the ratings agency.

Vantage promotes Berry to chief distribution officer

Vantage Group has appointed Leanne Berry as chief distribution officer, a role in which she will oversee all aspects of the carrier’s specialty insurance distribution strategy to support the firm’s further growth.

SRG enhances equestrian capability with Carriagehouse buy

Fast-growing intermediary Specialist Risk Group (SRG) has bolstered its UK equestrian capability with the acquisition of the ongoing business of specialty broker Carriagehouse.

Cannabis MGU adds Verlingue’s Midson to spur European expansion

The European arm of US-headquartered MGU CannGen Insurance has appointed Alan Midson as development director for the UK and Europe as part of its continued build-out across the continent.

Canopius names Axa XL’s Houghton specialty global product leader

Canopius has appointed Axa XL’s Mark Houghton as global product leader for specialty.

Chubb Global Markets names Kirk as division president

Chubb has appointed David Kirk as the division president of its London market wholesale and specialty division, Chubb Global Markets.

Skyward builds out media liability team with ANV’s Taylor among three hires

Skyward Specialty Insurance Group has made three more hires to its media liability team, including Andrea Taylor joining from ANV.

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