Articles

Insurance

Greenlight Re COO leaves after less than a year

Cayman Islands-based specialist property and casualty reinsurer Greenlight Capital Re's (Greenlight Re's) chief operating officer (COO) Michael Belfatti is stepping down from his position as of Sept. 1, 2018.   23 July 2018

Insurance

JLT taps Beazley, Marsh, Aon for European cyber expansion

JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has expanded its European cyber practice based in London and Stockholm with the appointment of four new members.   23 July 2018

Insurance

Brit swoops for Travelers special risks underwriter

Specialty re/insurer Brit has appointed Stephen Quinton to the role of class underwriter, kidnap and ransom (K&R), effective as of Sept. 3. He joins Brit from Travelers Syndicate Management.   23 July 2018

Insurance

Pioneer bolsters property cat team with BMS hire

Pioneer Underwriters, an underwriting group within Minova Insurance Holdings, has appointed James Sharpington as an underwriter in its Pioneer CAT team.   23 July 2018

Insurance

Costs of environmental fines against companies jump

The average fine per prosecution brought by the UK government-sponsored Environment Agency (EA) against companies has increased six-fold in the last five years, according to research from global law firm Clyde & Co.   23 July 2018

Insurance

Brit appoints Medniuk as non-exec chairman of Lloyd's managing agent

Specialty re/insurer Brit has appointed Tony Medniuk as non-executive chairman of its Lloyd’s managing agent Brit Syndicates, which is responsible for managing Syndicates 2987 and 2988.   23 July 2018

News

Guy Carpenter appoints new head of South East Asia and Korea

Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Bengt Johnsen as president and head of the South East Asia and Korea (SEAK) region.   19 July 2018

Insurance

IAT hires reinsurance head from Aspen as Miller retires

US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019.   19 July 2018

Insurance

AIG closes Validus acquisition

American International Group (AIG) has completed its acquisition of Bermuda-based Validus Holdings after receiving regulatory and shareholder approvals.   18 July 2018

Insurance

Clark replaces Beale as CII president

Jonathan Clark has been elected president of the Chartered Insurance Institute for 2018/2019, replacing Lloyd’s CEO Inga Beale.   18 July 2018

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