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Insurance
Markel promotes Mozingo to global insurance role in US
Markel Corporation has appointed Glenn Mozingo to the newly-created role of managing director, global insurance business development and corporate account executive.   13 April 2017
Insurance
LMA urges UK government rethink of compulsory motor insurance scope
The Lloyd’s Market Association (LMA) has urged the UK government to rethink the consequences of the ‘Vnuk’ judgement, a European Court of Justice decision that broadened the scope of compulsory motor insurance.   13 April 2017
Insurance
AM Best downgrades Lloyd’s Syndicate 2001 on deteriorating performance
Ratings agency AM Best has downgraded the Financial Strength Rating (FSR) of MS Amlin Underwriting managed Lloyd’s Syndicate 2001 due to what it describes as deteriorating technical performance.   13 April 2017
Insurance
Probitas seeks new investors after liquidators are appointed at backer Istmo Re
Probitas Syndicate 1492 at Lloyd’s has claimed that it is business as usual as it seeks new investors following the appointment of liquidators at Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs the syndicate.   12 April 2017
Insurance
Neon seeks to draw line under past after more losses and soaring combined ratio
Neon's Syndicate 2468 has said that the strategic actions it has taken including reserve strengthening and exiting from medical malpractice and general liability classes of business will allow it to draw a line under the past after it posted more heavy losses for 2016 and its combined ratio soared.   12 April 2017
Insurance
Wafer thin margins become 'new normal' in energy market
Despite a plethora of challenges including low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks, margins for energy insurers remain wafer thin, a situation that could become the ‘new normal’ for the market.   12 April 2017
Insurance
MS Amlin Syndicate 2001 makes a loss in 2016 as claims ratio jumps
MS Amlin Underwriting Limited, the Lloyd’s Syndicate 2001, reported a loss for 2016 as the claims ratio jumped on catastrophe losses and the Ogden discount rate change.   11 April 2017
Insurance
AmTrust boosts senior financial leadership amid class action lawsuit
New York-based property/casualty insurer AmTrust Financial Services has made several executive appointments and promotions, including hiring a new chief accounting officer.   11 April 2017
Insurance
Miller hires exec to expand North American MGA business
Re/insurance broker Miller has hired Richard Boughton in a business production and broking role to further strengthen and grow its North American MGA business.   11 April 2017
Insurance
Ascent hires claims director from Tokio Marine Kiln
Ascent Underwriting, a specialist managing general agent (MGA) underwriting on behalf of a number of Lloyd’s Syndicates, has appointed Mark Bowers as claims director with immediate effect.   10 April 2017

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