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Insurance
Reinsurer Everest Re has received in principle approval from Lloyd’s to found Everest Syndicate 2786. 11 September 2015
Insurance
Folgate Insurance Company has returned to active underwriting a year after being acquired by APC Underwriting. 11 September 2015
Alternative Risk Transfer
Barbican Insurance Group has received in principle approval from the Lloyd’s to manage a syndicate funded by Credit Suisse’s insurance-linked securities (ILS) team. 11 September 2015
Insurance
Broker Marsh has agreed to acquire independent insurance broker Jelf for 215p per share. 11 September 2015
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has unveiled plans for Lloyd’s insurer Novae’s Zurich-based credit and surety reinsurance team to transfer to LSM. 11 September 2015
Insurance
Lloyd’s insurer Novae has appointed James Green as class underwriter for renewable energy. 11 September 2015
Insurance
AM Best has assigned a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” to holding company One Alliance Insurance Corporation. The outlook assigned to both ratings is stable. 10 September 2015
Insurance
Nexus CIFS, the specialist trade credit insurance subsidiary of leading independent specialty managing general agent (MGA) Nexus Underwriting Management Group, has appointed Daniel Ismail as business underwriter and Callum Matthews as underwriting assistant. 10 September 2015
Insurance
Multiline property and casualty insurer ACE has announced the leadership team it intends to appoint for the company’s North America field organisation. The appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. 10 September 2015
Insurance
Insurance technology firm Quindell has agreed to acquire the remaining 50.1 percent stake that it does not already own in PT Healthcare Solutions Corporation (PT Health) in consideration for the issue of 9,466,666 ordinary shares of 15 pence each in the company. 10 September 2015
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