News

Insurance

White Mountains appoints Frank Bazos as head of M&A

Bermuda-based White Mountains Insurance Group has appointed Frank Bazos as executive vice president and head of M&A (mergers and acquisitions).   1 May 2019

Insurance

Convex will benefit from 2020 hardening triggered by losses and Lloyd’s crisis: Catlin

The market is now well overdue a fundamental correction in pricing, something Stephen Catlin will look to capitalise on with his new venture Convex Group, unveiled yesterday (Tuesday May 1). He claims that losses in the industry have been so severe in recent years they are on the verge of destroying capital – something that should prompt a radical change.   1 May 2019

Insurance

Aon: reinsurance ‘resilient’ despite unprecedented nat cat losses in 2018, 2017

Reinsurance sector earnings have remained buoyant in the face of unprecedented natural catastrophe losses over the past two years, Aon’s Reinsurance Aggregate (ARA) report has found.   1 May 2019

Insurance

THB nabs new binding authority director from Pen Underwriting

Specialist re/insurance broker THB Group has recruited Steve Ford as strategic binding authority director.   1 May 2019

Insurance

Willis Towers Watson appoints new UK & Ireland leader for insurance consulting and tech business

Broker Willis Towers Watson has appointed Tammy Richardson to take on the role of UK and Ireland leader for life and property and casualty (P&C) in the company’s insurance consulting and technology business.   1 May 2019

Insurance

BMS hires CFO from JLT Re to drive next phase of strategic expansion

Specialist re/insurance broker BMS Group has appointed Nick Moss as its new chief financial officer (CFO), reporting to CEO Nick Cook.   1 May 2019

Insurance

Munich Re appoints Von Bomhard as new chairman of supervisory board

Reinsurer Munich Re has elected former CEO Nikolaus von Bomhard as the new chairman, and Anne Horstmann as deputy chairman of the supervisory board.   1 May 2019

Insurance

Stephen Catlin launches re/insurance start-up Convex with $1.8bn capital raise; secures A- rating from AM Best

Insurance veteran Stephen Catlin and Paul Brand have launched a new specialty re/insurer focused on complex risks with an initial capital commitment of $1.8 billion, and an "exceptional group" of underwriting experts.   30 April 2019

Insurance

AXA expects job cuts as it remodels claims operations in UK

Insurer AXA UK has unveiled plans to restructure its claims operations in a move that is expected to place several roles across claims sites at risk of redundancy.   30 April 2019

Insurance

CLS Risk Solutions hires CEO to wake property risk ‘sleeping giant’

CLS Risk Solutions, the legal indemnity and transactional property risk MGA for the CLS group, has secured Tom O’Connor as its new CEO.   30 April 2019

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