Articles

Insurance

AmTrust taps Talbot trio to boost A&H management at Lloyd's

Property/casualty insurer AmTrust Financial Services has build a new management team to expand its accident & health (A&H) Lloyd’s offering and capabilities across its international operations.   7 March 2018

Insurance

XL Group benefits from acquisition by AXA

Fitch Ratings has placed the ratings of XLIT (XL, a Cayman Islands subsidiary of XL Group) and its property/casualty re/insurance subsidiaries on Rating Watch Positive from Negative Outlook following the planned acquisition by AXA.   7 March 2018

Insurance

AXA at risk of downgrade post XL acquisition

Fitch Ratings has threatened to downgrade AXA following the plan to acquire XL Group due to financing risks related to the planned IPO of AXA’s US subsidiary.   7 March 2018

Insurance

Canopius appoints new CEO, CUO for Lloyd's managing agency

Specialty re/insurer Canopius has appointed Mike Duffy chief executive of Canopius Managing Agents, the group’s principal regulated entity, in addition to his existing role as group chief underwriting officer.   7 March 2018

Insurance

Excel in Business to hold free digitization event in London

Excel in Business (EiB) is holding a one day interactive conference for MGAs, insurers and brokers grappling with digitization.   7 March 2018

Insurance

XL deal spooks AXA investors but it should prove “earnings accretive”

Investors were potentially spooked by AXA’s announcement yesterday (March 5) that it will acquire XL Group for $15.3 billion. Its share price fell sharply by around 10 percent as investors worried on a fundamental shift in strategy, according to analysts.   6 March 2018

Insurance

AEGIS London appoints Trudeau to lead Canada claims

Lloyd’s managing agent AEGIS London has hired Carrie Trudeau to manage claims notified by its Canadian coverholders. She joins from Crawford & Company (Canada), where she was director of Lloyd’s and dedicated units.   6 March 2018

Insurance

AmTrust taps senior ATE underwriters from Elite Insurance

AmTrust Law, the legal expenses insurance division of AmTrust International, has appointed Ian Coleman and Bob Knock to the roles of senior ATE (after the event) underwriters.   6 March 2018

Insurance

Sompo International poaches from ANV and Navigators to launch European specialty unit

Bermuda-based property /casualty re/insurer Sompo International has unveiled plans to launch a new European specialty insurance underwriting operation in Barcelona run by two senior executives it has hired.   6 March 2018

Insurance

Channel and Canopius join Liberty to back $27bn consortium

Liberty Specialty Markets (LSM) will form a $27 billion consortium with the Channel Syndicate and Canopius to provide capacity for its new trade finance insurance initiative Toredo.   6 March 2018

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