Articles

Insurance

Q2 GWP dip at Lancashire but CEO bullish on outlook

Profits and gross written premiums dipped at Lancashire Holdings in the second quarter of 2018. But the company said it has taken advantage of rate increases and remained positive as its chief executive suggested more wind losses this year could begin to dampen appetites in the market, reducing capacity.   26 July 2018

Insurance

Gallagher hires Marsh duo to expand trade credit & surety practice

Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK.   26 July 2018

Insurance

Beazley forms new consortium at Lloyd’s to up capacity for wage & hour risks

Specialist insurer Beazley has launched a new consortium at Lloyd’s of London to provide increased capacity for US wage & hour risks.   26 July 2018

Insurance

Allianz swoops for AIG talent as AGCS financial lines head

Allianz Global Corporate & Specialty (AGCS) has appointed Stefania Davì-Greer as head of financial lines for its regional unit London (RUL).   25 July 2018

Insurance

Enstar, PE firm acquire stakes in AmTrust

Bermuda-based insurance group Enstar and private equity firm Madison Dearborn Partners (MDP) are taking a stake in AmTrust Financial Services.   25 July 2018

Insurance

London market needs to identify hidden AI exposure

Dawning awareness of the scale and severity of financial risks posed by artificial intelligence (AI) means that, in the next few years, London market underwriters will need to review their policies in a search for hidden AI exposure, according to law firm Clyde & Co.   24 July 2018

Insurance

Chubb, ACE European units convert to Societas Europaea in Brexit move

Chubb European Group and ACE Europe Life have converted to Societas Europaea (SE) in the company's Brexit preparations to redomicile its businesses to France.   24 July 2018

Alternative Risk Transfer

ILS: Down the road towards securing ratings

Some of the bigger ILS funds are well down the road towards securing ratings—a move that will see them complete their journey from nimble newcomers to occupying a central ground and competing with traditional players on their own turf. This could be a game-changer for the market, as Intelligent Insurer reports.   23 July 2018

Insurance

JLT taps Beazley, Marsh, Aon for European cyber expansion

JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has expanded its European cyber practice based in London and Stockholm with the appointment of four new members.   23 July 2018

Insurance

Costs of environmental fines against companies jump

The average fine per prosecution brought by the UK government-sponsored Environment Agency (EA) against companies has increased six-fold in the last five years, according to research from global law firm Clyde & Co.   23 July 2018

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