Pioneer Underwriting has launched Pioneer Engineering, a new division underwriting engineering business globally, and appointed a dedicated engineering underwriter to run it.
AXA Global P&C has issued a €350 million cat bond that protects it against windstorms in Europe.
Jardine Lloyd Thompson (JLT) has strengthened its presence in Taiwan with the acquisition of ForVision Risk Services, a broker providing insurance, reinsurance and risk management services for companies with local and international operations. The business will be combined with JLT’s existing operations in Taiwan.
Randall & Quilter’s (R&Q) recent acquisition of Cyprus-domiciled legacy business Flagstone Alliance Insurance and Reinsurance (FAIR) from Validus is the most significant for the run-off specialist since 2006, according to Tom Booth, its group chief financial officer.
Swiss Re has entered into an agreement with Pacific Century Group to invest up to $425 million in FWD Group, an Asian insurance venture formed by Hong Kong business man Richard Li, who is also the son of Li Ka-shing, one of Asia’s richest men.
Poor investment results hit the performance of the Lloyd’s Market in the first half of 2013 – but the market still grew overall and remains a very attractive proposition for investors.
Canopius Group, a specialist re/insurance underwriter, has appointed Grant Elliott as head of business development and Sally Coryn as head of corporate development.
Tokio Millennium Re (TMR) has completed its re-domestication to Switzerland from Bermuda. The move represents the start of a wider strategy of growth and diversification for the company in Europe, the US and Asia.
International re/insurance broker United Insurance Brokers has appointed Shaun Barrington as managing director of the non-marine & energy division.
The Managing General Agents' Association (MGAA) has appointed Peter Staddon as its first managing director. His appointment will be effective from November 1, 2013.