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Insurance
Syndicates empowered to act faster by Lloyd’s – if a hard market ever returns
Lloyd’s syndicates will be able to get business plans approved faster in the event of the next hard market if triggered by a single big event.   19 July 2017
Insurance
Start-up Zego raises £1.2m; partners Aviva on new product
Zego, the provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has raised £1.225 million in seed funding from investors led by LocalGlobe.   19 July 2017
News
Ed hires divisional director for A&H and contingency business
Broker Ed has appointed of Roshan Choolhun as divisional director of its accident and health (A&H) and contingency business.   18 July 2017
Insurance
Pioneer appoints head of catastrophe risk in London
Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Anand Hari as head of catastrophe risk and exposure management.   18 July 2017
Insurance
Nexus snaps up trade credit MGA Equinox Global
Specialty managing general agent (MGA) Nexus Group has acquired Lloyd’s coverholder Equinox Global and all other Equinox group companies.   17 July 2017
Insurance
Big cyber attack could cost $53bn in economic losses, Lloyd’s warns
A major global cyber-attack has the potential to trigger $53 billion of economic losses, roughly the equivalent to a catastrophic natural disaster like 2012’s Superstorm Sandy, according to a scenario described in new research by Lloyd’s and cyber risk analytics modelling firm Cyence.   17 July 2017
Insurance
GCube poaches RSA duo in London to drive expansion plans
Specialist renewable energy insurer GCube Underwriting has appointed Steve Allen as director and Adam Hearn as senior underwriter in its London office.   17 July 2017
Insurance
AXIS Capital launches Lloyd’s managing agency post Novae deal
Bermuda-based AXIS Capital Holdings has received final authorisation from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for its own Lloyd’s managing agent.   14 July 2017
Insurance
Lloyd’s underwriting head departs for Tokio Millennium Re
Tokio Millennium Re (TMR) has appointed Lloyd’s interim head of underwriting performance Brian Secrett as the company's new chief underwriting officer (CUO) and member of the executive committee with effect from October.   14 July 2017
Insurance
Probitas finally finds new backer as Saudi Re replaces troubled Istmo Re
Probitas 1492, an insurance and reinsurance syndicate at Lloyd's specialising in property, construction and casualty, appears to have found a new backer to replace the capacity provided by the troubled Istmo Re.   14 July 2017

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