Specialist insurer, Markel has appointed Matthew Cannock as managing director of Markel International in Singapore. Cannock will replace Peter Phillips, who has led Markel’s operations in Asia Pacific since 2007.
BMS Associates has appointed Dane Douetil as its new group chief executive officer.
Endurance Specialty Holdings has hired Stuart Pattison to lead its US law firm practice. He joins from CNA Insurance where, from 2000 to 2013, he served as both an underwriter and as the leader of CNA’s large law firm group.
Third Point Reinsurance has priced its initial public offering (IPO) of some 22.1 million common shares at $12.50 per share – at the lower end of the proposed end – raising some $276 million.
The renewable energy industry could be spending three times as much on insurance by 2020 to mitigate risks to projects as investors increasingly understand the value different insurance products can bring to the sector, offering an opportunity for insurers.
Allied World Assurance Holdings (Ireland), part of Allied World Assurance Company Holdings, has agreed to acquire a 21.2 percent stake in Gravity Underwriting, a London-based managing general agent (MGA).
Xchanging, the business process, procurement and technology services provider, and Deutsche Bank will host a Business Briefing Round Table at the Monte Carlo Rendez-vous focused on Netsett, the new technology platform pioneered by Xchanging in partnership with Deutsche Bank.
Endurance Specialty Holdings has appointed Fred Cooper as executive vice president and head of US Financial Institutions Insurance, based in New York. He joins Endurance from Aspen Specialty, where he was executive vice president and chief D&O underwriter.
Kane, the global insurance manager, has launched a new independent private catastrophe bond platform. The company said the platform could facilitate the flow of smaller transactions into the collateralized reinsurance sector.
Arthur J Gallagher (AJG) (Singapore) has appointed Maxwell Sung as managing director reinsurance as part of strategic plans to increase its reinsurance portfolio in Asia.