TigerRisk Partners has named Martin Bartell as head of its UK-based retrocessional and specialty reinsurance practice. He joins from Aon Benfield’s Global Re Specialty team where he focused on per-risk and catastrophe business placed with traditional reinsurers and ILS markets.
Cooper Gay Swett & Crawford (CGSC) will acquire independent Lloyd’s insurance and reinsurance broking group Newman Martin and Buchan (NMB) subject to regulatory approval.
Ironshore International has appointed Astrid O’Reilly to write Mergers & Acquisitions (M&A) insurance lines, based in its Singapore office. O’Reilly, who is a corporate lawyer, was an underwriter for M&A business lines in Ironshore’s London office.
Swiss Re Corporate Solutions has announced the expansion of its marine insurance footprint in Continental Europe through the formation of a dedicated underwriting team in Paris.
Indian reinsurer GIC Re, in collaboration with the Federation of Afro Asian Insurers and Reinsurers (FAIR), has launched a catastrophe reinsurance pool that will help insurers reinsure natural catastrophe exposures in the Afro Asian region.
Jardine Lloyd Thompson Group (JLT) will acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250 million (£156 million).
SCOR Global Life SE, a subsidiary of SCOR SE, has completed a deal that provides it with collateralised extreme mortality protection against increases in US mortality rates from any cause.
York International, a UK and international loss adjuster and subsidiary of York Risk Services Group and part of York Specialized Loss Adjusting, has appointed Marc Godfrey as associate technical director.
Arthur J. Gallagher has acquired passenger transport specialist, Belmont International, for an undisclosed sum.
According to Aon, 85 percent of insurers would pull terrorism risk cover if the Terrorism Risk Insurance Act (TRIA) expired. The revelation comes as the broker calls on the US government to extend The Act, saying that it “remains the best solution for handling the terrorism insurance exposure in the US”.