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Probitas 1492, an underwriting syndicate at Lloyd’s specialising in property, construction and casualty insurance and reinsurance solutions, said July 6 that it hired Stephen Johnson as property underwriter, and Jim Meakins as casualty underwriter. 7 July 2017
Insurance
Specialist Lloyd's insurer Neon has appointed Chris Conway, formerly a senior underwriter at Ascot Underwriting Bermuda, to its property reinsurance team in Bermuda. 7 July 2017
Insurance
AXIS Capital’s acquisition of Novae Group defies critics that believe that the London Market has become overly expensive and unattractive. 6 July 2017
Insurance
Canada-based Fairfax Financial Holdings said July 6 that it closed the acquisition of Switzerland-based Allied World Assurance Company Holdings. 6 July 2017
Insurance
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017. 6 July 2017
Insurance
The Lloyd’s Market Association (LMA) said on July 6 that it has received backing and funding support for a satellite imagery and intelligence service for all Lloyd’s managing agents. 6 July 2017
News
Reinsurance, wholesale and specialty broker Ed has appointment Jonathan Tilman as chief actuary. 6 July 2017
Insurance
Cost cuts have offset low interest rates and declining premium volumes on legacy portfolios, stabilizing profitability of Dutch life insurers, according to Fitch Ratings. 6 July 2017
Insurance
Re/insurer QBE has appointed Constanza Gállegos as head of distribution for Continental Europe. 6 July 2017
Insurance
The Federation of European Risk Management Associations (FERMA) has elected new members to its board and confirmed Jo Willaert as president for an additional two-year term. 6 July 2017
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