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Insurance
Towergate jobs at risk as firm restructures
Towergate Insurance, an independent insurance intermediary in the UK, has said that it plans to restructure a number of central finance processing teams resulting in 133 employees being placed at risk of redundancy.   25 April 2017
Insurance
Pen Underwriting hires Zurich exec as regional director and head of SME
Pen Underwriting has appointed Jason Wilson as regional director for London and the South East, and head of small and medium-sized enterprises (SME) in its commercial division.   25 April 2017
Insurance
Neon hires from Sirius International to expand property D&F business
Specialist Lloyd's insurer Neon has appointed Catherine Sethi as senior underwriter in London to further grow its property direct and facultative (D&F) team.   24 April 2017
Insurance
Barbican launches new quote and bind system
London-based Barbican Insurance Group has launched a new policy quote and binding portal to enhance its ability to efficiently bind new business via selected distribution channels.   24 April 2017
Insurance
Nirvana launches on MGA Castel Underwriting Agencies platform
Nirvana Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies MGA (managing general agent) formation platform to target media, technology and cyber liability risks.   21 April 2017
News
Shareholders' funds grow but profits dip across industry in 2016
Aggregate shareholders’ funds for companies included in the Willis Re Index, which examines the results of the world’s biggest reinsurance groups, increased by 4 percent to $344.1 billion as at 31 December 2016, according to the latest Reinsurance Market Report from Willis Re.   20 April 2017
Insurance
Artificial intelligence: a game-changer for risk transfer
Amid concerns that artificial intelligence could result in job losses across the industry, re/insurers speaking at an Intelligent Insurer roundtable in London aimed to suppress some of those fears by highlighting the value of AI with tried and tested examples.   13 April 2017
Insurance
Neon seeks to draw line under past after more losses and soaring combined ratio
Neon's Syndicate 2468 has said that the strategic actions it has taken including reserve strengthening and exiting from medical malpractice and general liability classes of business will allow it to draw a line under the past after it posted more heavy losses for 2016 and its combined ratio soared.   12 April 2017
Insurance
Miller hires exec to expand North American MGA business
Re/insurance broker Miller has hired Richard Boughton in a business production and broking role to further strengthen and grow its North American MGA business.   11 April 2017
Insurance
Ascent hires claims director from Tokio Marine Kiln
Ascent Underwriting, a specialist managing general agent (MGA) underwriting on behalf of a number of Lloyd’s Syndicates, has appointed Mark Bowers as claims director with immediate effect.   10 April 2017

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