Insurers could do better post-event: Marsh
Insurers must treat clients as clients and not as part of their own portfolio, according to broker Marsh, commenting on a review of how the industry performed in the aftermath of several recent severe earthquakes.
Gibraltar to compete for lucrative ILS deals
Gibraltar plans to become an Insurance Linked Securities (ILS) jurisdiction within the European Union. According to Gibraltar Finance, the domicile will have its first ILS transaction completed during 2014.
Lancashire’s Kinesis facility executes first “special draw”
Kinesis Capital Management (KCM) has carried out its first “special draw”, which allows Kinesis Re to underwrite fully collateralised reinsurance business outside of the traditional market renewal season.
Barbon chairman joins Gallagher board
Former chairman of Barbon Insurance Group Jamie Drummond-Smith has been appointed as non-executive director of Arthur J. Gallagher’s (AJG) international business in London.
Devitt appoints underwriting director
UK motor insurer Devitt Insurance Services has appointed Andrew Hill as underwriting director.
FP Marine Risks appoints reinsurance head
FP Marine Risks, a specialist marine insurance broker, has appointed Rupert Morton as head of reinsurance for Australia, New Zealand and the Pacific.
Brown & Brown appoints CFO
Independent insurance intermediary Brown & Brown has appointed Andrew Watts as executive vice president, treasurer and chief financial officer.
CNA strengthens specialty team
CNA Financial has appointed Christopher Leisz as senior vice president and chief underwriting officer for specialty.
White Oak launches fine art unit
Lloyd’s specialist underwriter White Oak Underwriting Agency (WOUA) has appointed Patricia Watling as jewellery and fine arts underwriter as it launches a specialist fine art, classic car and general specie capacity aimed at both the private and commercial markets.
BMS Group expands mining team
BMS Group has appointed Eddie Gilbert as divisional director of BMS Risk Solutions. Based in London, Gilbert will work with the risk solutions team in the development of BMS Group’s global mining portfolio and wider international strategy.
