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In a recent survey by Intelligent Insurer, 70 percent of respondents said that a UK referendum in favour of leaving the European Union (EU) would damage London’s role as a global hub for re/insurance and risk transfer. “It would have a negative impact on the willingness of London to deal with European clients,” said one respondent. 12 September 2015
Insurance
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
Insurance
McLarens, a global loss adjusting firm specialising in complex and commercial claims, has hired Stuart Crofton from Cunningham Lindsey as head of its property loss adjusting division in Australia. 4 June 2018
Insurance
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Andrew Summers as credit and political risks underwriter. He will report to Jeremy Shallow, credit and political risks class underwriter. 4 April 2016
Insurance
Technology is transforming claims and bringing the department to the forefront of the insurance business. As the revolution continues, the basics need to remembered. These were two key themes of a panel discussion comprising claims experts and sponsored by Liberty Specialty Markets. 22 April 2021
Insurance
Mitsui Sumitomo Insurance Group (MSIG) at Lloyd’s has appointed Magnus McGurk as manager of its Glasgow branch. 6 October 2014
Insurance
Specialty re/insurer Brit has hired a senior Chubb executive to establish a private clients offering at the company. 26 July 2018
Insurance
Broker Integro has strengthened its motorsports insurance broker with the acquisition of Lloyd’s broker Ellis Clowes. 12 November 2015
Insurance
Athene Holding, the life insurance affiliate of private equity firm Apollo Global Management, has expressed interest in acquiring all or parts of General Electric’s troubled long-term care insurance business, according to a Financial Times report citing two people familiar with the matter. 28 June 2018
Alternative Risk Transfer
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Bermuda-based Vermeer Reinsurance, a property catastrophe reinsurer that has recently been launched by RenaissanceRe and Dutch pension fund manager PGGM. 20 December 2018
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