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Specialty managing general agent (MGA) Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies via an asset purchase. 10 September 2018
Insurance
Catastrophe risk modeling firm AIR Worldwide has released a new severe thunderstorm model for Europe that will allow for a comprehensive assessment of atmospheric risk in the region. 10 September 2018
Insurance
Against a backdrop of high expense ratios, attritional losses and underperforming business, the Lloyd’s market had its worst year in 2017 since the 1990s, according to Stonybook Capital’s first edition ‘Property & Casualty Insurance Review’. 10 September 2018
Insurance
John Neal is “as good a bet as any” to take on the “toughest job in insurance” according to market observers speaking in reaction to the revelation just before the Monte Carlo Rendez-Vous that he will take the reins at Lloyd’s. 9 September 2018
Insurance
Lloyd’s profitability review is being described as the biggest shakeup of the market since reconstruction in the 1990s. As syndicates are forced to pare back capacity, it could have far-reaching consequences well beyond the market itself, as Intelligent Insurer reports. 8 September 2018
Insurance
John Neal has been appointed as the CEO of Lloyd’s of London following a meeting of the Council of Lloyd’s. 7 September 2018
Insurance
John Neal, the former boss of Australia-based insurer QBE Insurance Group who lost his job last year following a shock profit warning, is likely to be appointed as the new chief executive of Lloyd’s of London, according to a Sept. 7 Financial Times report citing “people familiar with the matter”. 7 September 2018
Insurance
Specialist insurer Markel Corporation has appointed Jennifer Chang as underwriter and senior risk analyst in its trade credit and political risk operation in New York. 5 September 2018
Alternative Risk Transfer
The chairman of the CATCo Reinsurance Opportunities Fund is expecting further rate decreases in the January 2019 renewals following challenging 2018 renewals. 20 August 2018
Insurance
International General Insurance Holdings (IGIH) grew gross premiums written by 20 percent year on year to $165.87 million in the first six months of 2018, driven by all major lines of business. 20 August 2018
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