Articles

Insurance

Maiden posts $15.4m loss in second quarter 2019; CEO Metz remains poised for recovery

Bermuda-based re/insurer Maiden Holdings' losses almost tripled in the second quarter of 2019 compared to a year ago despite numerous strategic measures to strengthen its capital position and speed up recovery.   13 August 2019

Insurance

Aon advises HSBC Bermuda on £7bn longevity swap with Prudential

Re/insurance broker Aon has advised HSBC Bermuda on a recently completed £7 billion longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA), said to be the second largest ever deal of its type.   13 August 2019

Insurance

Swiss Re to set up new Ivory Coast reinsurance underwriting office to expand in Middle East and Africa

Global reinsurer Swiss Re is establishing an underwriting office in Abidjan, Ivory Coast to expand its services in the Middle East and Africa region. The office is expected to be fully operational by 1 October 2019.   13 August 2019

Insurance

Rothesay Life agrees £520m buy-in with Cadbury Mondelēz Pension Fund

UK-based life insurer Rothesay Life has insured £520 million of defined benefit liabilities for the Cadbury Mondelēz Pension Fund.   12 August 2019

Insurance

Lockton hires Aon's William Barber to lead global healthcare liability offering

Re/insurance broker Lockton has hired William Barber to lead its international healthcare strategy, which forms part of its professional and financial services offering.   12 August 2019

Insurance

Third Point Re confirms Malloy as CEO; adds ex-AIG CFO to board

Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors.   8 August 2019

Insurance

Ed hires Brit Singapore CEO David Lim for Asia Pacific expansion

London-based reinsurance, wholesale and specialty broker Ed has appointed David Lim as CEO of retail, Singapore and head of marine, Asia Pacific.   5 August 2019

Insurance

Marsh JLT Specialty Aviation Practice hires former Boeing executive Michael Tarling

There has been a reshuffle at Marsh’s aviation practice with the exit of key team members and the impending arrival of an experienced insurance executive from Boeing.   2 August 2019

Insurance

BGC snags aviation broking duo from Marsh JLT Speciality

BGC Insurance Group (BGCI), a division of global brokerage firm BGC Partners which owns Ed and Besso, has appointed Mark Costin and Oyin Heath to join its newly-formed global aviation and space re/insurance broker as senior partners.   2 August 2019

Insurance

EC3 Brokers expands UK contingency and entertainment division with Integro hires

London-based EC3 Brokers has expanded its UK contingency and entertainment division with senior appointments. The new members are the latest joining from Integro Insurance Brokers following James Murphy as head of broking in May.   1 August 2019

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