ANV Holdings (ANV), a Dutch-headquartered specialty insurance business, has become the latest insurer to offer transaction risk insurance (TRI), a type of policy tailored to cover the risks surrounding commercial business transactions such as mergers, acquisitions and private equity investments.
Specialist broker BMS Group has promoted Kristine Westall, formerly EVP of BMS Reinsurance Operations, to a newly created role as chief operations officer.
Aon Benfield Securities, the investment banking division of Aon Benfield, has appointed Nick Triggs as a managing director reporting to Paul Schultz, chief executive officer of Aon Benfield Securities.
Ron Carlier has been appointed as chief executive officer of Cooper Gay Re – the reinsurance subsidiary of Cooper Gay Swett & Crawford (CGSC) North America.
Re/insurance broker, Miller, has appointed political risk production and broking specialist Arnaud Froideval.
The annual Service & Innovation Market Forum held by business process, procurement and technology services provider, Xchanging, was well received by attendees who praised the company’s presentation and future plans.
Respondents to the Global Awards Survey, currently being conducted by the team at Intelligent Insurer, have been focusing heavily on innovation in the industry, a recent analysis of the data compiled so far has revealed.
Rising levels of convergence capital will require a change of strategy among reinsurers, with those that lack an identifiable brand or the underwriting expertise likely to be left behind.
After many years of softening, the excess and surplus lines market is now in a state of rehabilitation—but its health remains delicate and some smaller managing general agents have struggled and could ultimately be forced out of the market.
Kiln, a specialist re/insurance business which is part of the Tokio Marine group, has appointed Richard Bennison as a non-executive director to the R J Kiln & Co and Kiln Group Boards. Bennison, a chartered accountant, will chair the R J Kiln & Co Audit, Risk and Compliance Committee.