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Insurance
Chaucer hails first sidecar as it seeks greater flexibility
Speciality insurer Chaucer has taken its first steps into the world of third party capital by forming its first reinsurance sidecar, formed to provide collateralized capacity for Chaucer Syndicate 1084’s global reinsurance portfolio in 2018.   21 December 2017
Insurance
Enstar in reinsurance-to-close deal with Neon’s Syndicate 2468
StarStone Underwriting, the Lloyd’s managing agency belonging to legacy acquisition specialist Enstar Group, has signed a letter of agreement with Neon Underwriting for Enstar’s Syndicate 2008 to undertake a reinsurance-to-close transaction.   21 December 2017
Insurance
Syndicate 1975 receives Lloyd’s approval for January, hires from Chubb
Coverys Syndicate 1975 has received approval from Lloyd’s to begin underwriting business with effect from Jan. 1, 2018.   19 December 2017
Insurance
Chubb appoints new head of international property
Property/casualty insurer Chubb has appointed Brian Church as executive vice president and head of international property for its overseas general business.   19 December 2017
Insurance
Founder of PIB and EC3 Brokers joins Endeavour as non-exec chair
Lloyd's broker Endeavour Insurance Services has appointed the founder of PIB and EC3 Brokers Chris Giles as non-executive chairman.   19 December 2017
Insurance
Lloyd's faces criticism for 'murder insurance'
Lloyd’s of London is facing criticism for providing what some have dubbed “murder insurance” to gun owners across the USA, according to an article in The Times.   18 December 2017
Insurance
Allianz reshuffles AGCS board as Scheffel retires
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is making changes to its management board as chief regions and markets officer, Carsten Scheffel retires at the end of June, 2018.   18 December 2017
Insurance
BP Marsh acquires equity stake in EC3 Brokers
Venture capital firm BP Marsh & Partners has acquired 20 percent equity stake in London-based EC3 Brokers Limited for a total cash consideration of £5 million, in a mixture of preferred and ordinary shares.   18 December 2017
Insurance
Fidelis acquires equity stake in new MGA to add surety capacity
Bermudian Fidelis Insurance has taken an equity stake in new managing general agent (MGA) Firestone Surety and will be providing underwriting capacity.   15 December 2017
Insurance
Hamilton hires Novae head of casualty for Lloyd’s managing agency
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, has hired Robert Patten as head of casualty.   15 December 2017

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