Articles

Insurance

KPMG fined by UK regulator over Lloyd’s Syndicate 218 (Equity Red Star) audit

The Financial Reporting Council (FRC) has fined KPMG and some of its partners after an investigation found misconduct in relation to the audit of Lloyd’s Syndicate 2018 (Equity Red Star) and actuarial advice given to Equity Syndicate Management (ESML).   30 April 2019

Insurance

Stephen Catlin launches re/insurance start-up Convex with $1.8bn capital raise; secures A- rating from AM Best

Insurance veteran Stephen Catlin and Paul Brand have launched a new specialty re/insurer focused on complex risks with an initial capital commitment of $1.8 billion, and an "exceptional group" of underwriting experts.   30 April 2019

Insurance

CLS Risk Solutions hires CEO to wake property risk ‘sleeping giant’

CLS Risk Solutions, the legal indemnity and transactional property risk MGA for the CLS group, has secured Tom O’Connor as its new CEO.   30 April 2019

Insurance

BIBA partners with Opus Underwriting for intellectual property insurance scheme

The British Insurance Brokers’ Association (BIBA) has launched an intellectual property insurance scheme in partnership with specialist underwriting agent Opus Underwriting.   30 April 2019

Insurance

Pro Global snaps up MGA incubator Vibe

Specialist re/insurance provider Pro Global Insurance Solutions is acquiring Vibe MGA Management, the MGA incubator business of Vibe UK, which owns Lloyd’s managing agent Vibe Syndicate Management.   25 April 2019

Insurance

Amynta Group appoints new chief executive officer from Bank of America Merrill Lynch

Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Robert Giammarco as the new chairman and chief executive officer (CEO).   25 April 2019

Alternative Risk Transfer

Guernsey’s new ILS hybrid: even closer to the risk

Christopher Anderson, partner at law firm Carey Olsen in Guernsey, has introduced the concept of a hybrid ILS vehicle. Here he explains why and how he came up with the idea.   24 April 2019

Insurance

Axon makes strategic move into Latin America with $10m backing from Asian partners

Specialty lines programme administrator Axon Underwriting has launched a new reinsurance unit, Axon Re, to expand its cargo and stock throughput reinsurance programme across Latin America.   24 April 2019

Insurance

Broker Brightside appoints new COO from Swinton Group

UK broker Brightside Group has appointed Richard Beaven as group chief operating officer (COO), reporting to group CEO Brendan McCafferty.   24 April 2019

Insurance

TigerRisk president Tony Ursano steps down

Tony Ursano is stepping down as the president of reinsurance broking and risk/capital management firm TigerRisk Partners.   23 April 2019

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