Lloyd’s carriers 'genuinely' embrace e-placing, beat targets for second quarter 2019
Specialist re/insurance marketplace Lloyd's of London saw a significant increase in the use of placing platform PPL during the second quarter of 2019 with more than half of its in scope risks placed electronically. PPL board chair Bronek Masojada said the market has "genuinely adopted" e-placements and he hopes to achieve the same success in submission rates.
Globe Underwriting hires Pioneer's Peter Rossell to build engineering portfolio
Globe Underwriting, the UK based managing general agent, has appointed Peter Rossell as head of engineering underwriting.
Canopius partners with AI insurtech Arturo on deep-learning property analytics
Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo.
FedNat agrees cooperation deal with activist investor Capital Returns
US insurer FedNat has entered into a "cooperation agreement" with its third largest shareholder Capital Returns Management in response to legal proceedings filed by the activist investor, and agreed to add two new directors to its board as part of the deal.
AXA XL hires Zurich exec to grow large property insurance business
Re/insurer AXA XL has added Jennifer Arezes as new senior underwriter to its property insurance team in Canada.
Cincinnati Financial expands board with appointment of independent director
Cincinnati Financial Corporation has expanded its board of directors to 15 with the appointment of Jill Meyer as an independent director and a member of its audit committee.
Rothesay Life agrees £520m buy-in with Cadbury Mondelēz Pension Fund
UK-based life insurer Rothesay Life has insured £520 million of defined benefit liabilities for the Cadbury Mondelēz Pension Fund.
TransRe shuffles regional leadership in growth push; names new London, Asia CEOs
The reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation has unveiled several changes to its regional leadership teams and its global business development function. TransRe said the changes are designed to better position the company to take advantage of current and future market opportunities.
Allianz appoints Alastair Warren-Upham as new London markets manager
Allianz Insurance has appointed Alastair Warren-Upham as new London markets manager, following the retirement of Martyn Davenport.
Perils lifts Queensland, Townsville 2019 flood loss estimate to A$1.2bn
Insured loss estimates for the northern Queensland and Townsville flooding from 26 January to 10 February 2019 have reached A$1.217 billion ($822 million), according to Perils' third estimate published today.
