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Insurance
Lloyd’s gets approval for reinsurance branch in India
Lloyd’s of London is set to establish a branch in Mumbai in 2017 after receiving approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), allowing it to provide onshore reinsurance service in India.   7 November 2016
Insurance
Willis Towers Watson reports loss in Q3 as integration costs hit
Willis Towers Watson reported a net loss of $32 million in the third quarter of 2016, compared to a pro forma net income attributable to Willis and Towers Watson of $209 million for the prior-year quarter.   4 November 2016
Insurance
Talbot launches Lloyd’s consortium for terrorism
Talbot Underwriting, a wholly-owned subsidiary of Validus Holdings, has launched a Lloyd’s consortium for nuclear, biological, chemical and radiological (NBCR) terrorism.   4 November 2016
Insurance
Arthur J Gallagher appoints two exec directors
Insurance brokerage Arthur J Gallagher has expanded its specialist capabilities in credit and political risks insurance with the appointment of Rupert Boyle and Nick Ollerenshaw as executive directors, based in London.   4 November 2016
Insurance
Ed introduces academy providing insight into cyber
Ed, a reinsurance, wholesale and specialty broker, has launched a cyber academy to provide clients, partners and underwriters with insight into cyber-crime and cyber security risks.   4 November 2016
Insurance
Aon Benfield names UK head of client services
Reinsurance intermediary Aon Benfield has appointed Leonora Siccardi as UK head of client services, based in London.   3 November 2016
Insurance
Lancashire appoints former Goshawk Insurance CEO as non-exec director
Specialty re/insurance provider Lancashire Holdings has appointed Michael Dawson as a non-executive director.   3 November 2016
Insurance
Towergate rebrands broking business as ‘Bishopsgate’
Towergate Insurance, an independent insurance intermediary in the UK, has renamed its London Market broking business as Bishopsgate.   2 November 2016
Alternative Risk Transfer
Elliott acquires controlling interest in Bermuda ILS manager
Elliott Management Corporation, a hedge fund manager based in London, will acquire a controlling interest in Aeolus Capital Management (ACM), a Bermuda-based manager of insurance-linked securities (ILS), and its affiliates.   2 November 2016
Insurance
Markel enters marine professional indemnity market with MGA acquisition
Specialist insurer Markel International has acquired Galleon, a London-based managing general agent (MGA) specialising in marine professional indemnity and cargo liability business.   1 November 2016

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