Articles

Insurance

Arch expands Irish operations to write EU business post-Brexit

Bermuda-based Arch Capital Group is planning to expand the group’s underwriting operations in Ireland to ensure continuity of its operations across the European Union once the UK leaves the EU.   7 June 2018

Insurance

JLT secures broking licence extension in China

Jardine Lloyd Thompson (JLT) has been granted a licence to cover all lines of insurance brokerage business in China.   6 June 2018

Insurance

Ryan Specialty secures $175m PE investment to fund growth

Ryan Specialty Group (RSG) has secured a $175 million investment from Toronto-based private equity firm Onex Corporation. The company has framed the deal as a long-term strategic relationship that will enable further growth.   4 June 2018

Insurance

Fidelis launches new sidecar Socium Re on Bermuda

Fidelis Insurance Holdings has formed a new Bermuda-domiciled special purpose insurer, which it plans to use to provide collateralised capacity support for Fidelis’ reinsurance portfolio.   4 June 2018

Alternative Risk Transfer

Lloyd’s broker AFL launches ILS and risk advisory business in London

Lloyd’s broker AFL Insurance Brokers has launched Agile Risk Advisory (ARA), a specialist business focusing on providing evidence-based risk advice and new insurance-linked-securities (ILS) opportunities.   4 June 2018

Insurance

BPL Global launches new Swiss branch as senior leader returns from UBS

Specialist credit and political risk insurance broker BPL Global has established a branch in Geneva through its French subsidiary. Philippine de Villèle will join from UBS to head the office.   4 June 2018

Insurance

Capsicum Re launches new US cyber hub as demand increases

Specialist reinsurance broker Capsicum Re has launched a new New York cyber hub, led by Patrick Bousfield who has been promoted to executive director.   4 June 2018

Insurance

Sompo International completes acquisition of Lexon Surety

Bermuda speciality re/insurer Sompo International Holdings has completed the acquisition of the operating subsidiaries of Lexon Surety Group, a deal first announced on January 3, 2018.   4 June 2018

Alternative Risk Transfer

Glut of capacity makes for disappointing Florida cat renewals

A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re.   4 June 2018

Insurance

Howden Broking Group appoints new CEO

Howden, the retail broking arm of Hyperion Insurance Group, has appointed José Manuel González as the new CEO of Howden Broking Group.   4 June 2018

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