S&P Global Ratings has revised the outlook of Lloyd's of London and its core subsidiaries to stable from negative, following changes made by the specialist re/insurance market to improve its overall underwriting performance.
Innovisk Capital Partners, a London-based global insurtech start-up, has unveiled a new underwriting agency, called Themis, focussing on the provision of mergers and acquisitions (M&A) insurance solutions.
The London and International Insurance Brokers’ Association (LIIBA) has appointed James Masterton, chief executive officer of Price Forbes, and David Pexton, chief executive officer of Lonmar Global Risks, to its board.
Re/insurer MS Amlin has appointed Mary Vogiatzidou as senior marine underwriter in its Dubai operations.
Brazilian reinsurers Austral Re and Terra Brasis Re have signed an investment agreement to merge their operations in order to create the second-largest domestic reinsurer in the vast South American country.
Specialist insurance market Lloyd’s Asia and managing agent Antares have teamed up with the Intellectual Property Office of Singapore (IPOS) to launch an initiative to support innovative enterprises as they enter global markets.
Lloyd's private capacity provider Helios Underwriting has entered into an agreement to acquire the entire issued share capital of Nameco 1113, a limited liability member of Lloyd’s, from its owner Nigel Hanbury for just over £2 million.
Bermuda-based re/insurer and run-off specialist Enstar Group has appointed Myron Hendry to its board as a class II director, effective July 1.
EC3 Brokers MEA has appointed Serge Calfa to the newly-created role of regional director of treaty. Based in Dubai, Calfa joins from Munich Re.
Technology-driven risk solutions provider Sedgwick has named Wayne Cheng its new chief operations officer (COO) for Asia.