Articles

Insurance

Lloyd’s issues electronic placement mandate

The Corporation of Lloyd’s is introducing a mandate for electronic placement following approval from the Lloyd’s board and council.   20 March 2018

Insurance

Aon UK appoints new chief risk officer from JLT

Broker Aon UK has hired Matt Kimber as new chief risk officer (CRO) from Jardine Lloyd Thompson Group (JLT).   20 March 2018

Insurance

Pembroke’s GIC Syndicate April launch approved

Pembroke Managing Agency has been granted approval by Lloyd’s to establish and manage GIC Syndicate 1947, which has been cleared to underwrite business from April 1.   19 March 2018

Insurance

XL Catlin introduces Brexit continuity clause

XL Catlin’s London-based insurance operations have introduced a contract continuity clause which addresses the risk that contracts written prior to Brexit may become impermissible assuming passporting rights are lost as a consequence of the UK leaving the EU.   19 March 2018

Insurance

Liberty Specialty creates new senior role for Xchanging exec

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed Paula Wilson to the newly-created role of head of marketing.   16 March 2018

Insurance

Brexit uncertainty frightens insurers as negotiations on multi-year contracts stall

Financial services may not be included in a Brexit deal between the EU and the UK which, at best, may increase operational costs for insurers, but in a worst-case scenario may reduce the UK-based firms’ access to EU customers. Intelligent Insurer reports.   16 March 2018

Insurance

Markel exits London open market property business

Specialist insurer Markel International will cease to write London open market property business with immediate effect, stating that the “market has been against them, in terms of both capacity and pricing”.   15 March 2018

Alternative Risk Transfer

Hiscox unveils first ever cyber ILW for re/insurers

Specialist insurer Hiscox has launched a first ever cyber industry loss warranty (ILW) product to help address the uncertainty around cyber tail risk for re/insurers.   15 March 2018

Insurance

ArgoGlobal makes key casualty hires from Chaucer and QBE

ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has bolstered its casualty division with senior hires from Chaucer Syndicates and QBE.   15 March 2018

Insurance

Syndicate 2525 poaches senior class underwriters from Aspen

DL Dale & Others' Syndicate 2525, a specialist employers’ and third party liability Lloyd’s insurer managed by Asta Managing Agency, has strengthened its underwriting team with key hires from Aspen Insurance.   15 March 2018

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