News

Insurance

Beazley, AEGIS lead the Lloyd’s electronic placement table

Beazley syndicate 3623 and Aegis syndicate 1225 are leading the ranking of electronic placement adoption at Lloyd’s, according to a new table published for the first time by the London Market Group.   20 November 2018

Insurance

Syndicates accept 30% of risks electronically in Q3

Syndicates at Lloyd’s have accepted 29.6 percent of in scope risks through electronic placement in the third quarter of 2018, exceeding the target of 20 percent, according to the board of PPL (Placing Platform Limited).   20 November 2018

Insurance

Willis Towers Watson reveals new chair succeeding McCann

Willis Towers Watson has appointed Victor Ganzi as new chairman of the board, succeeding James McCann who is completing his three-year term at the end of the year.   20 November 2018

Insurance

Run-off specialist DARAG consolidates move into North America with acquisition

Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean.   20 November 2018

Alternative Risk Transfer

AXA XL snaps up 100% ownership of New Ocean Capital Management

Bermuda-based AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in New Ocean Capital Management, its majority-owned asset management affiliate.   20 November 2018

Insurance

Willis Towers Watson swoops for Lloyd's execs in digital push

Broker Willis Towers Watson has appointed Iain Whittingham as a senior director to expand its insurance consulting and technology business.   20 November 2018

Insurance

Paul Jardine joins insurtech AkinovA's board

Former XL Catlin veteran Paul Jardine has joined the advisory board of insurtech startup AkinovA.   15 November 2018

Insurance

Blockchain initiative B3i cooperates with RiskBlock Alliance

B3i, the blockchain insurance industry initiative, is cooperating with RiskBlock Alliance in the development and setting of data standards for the insurance industry.   15 November 2018

Insurance

Trend to bespoke products drives AFL into Zodiac acquisition

A trend toward bespoke insurance products driven by available technology and data is one of the reasons why Lloyd’s broker AFL Insurance Brokers decided to acquire US-based Zodiac Insurance Services, AFL CEO Bob Finch, told Intelligent Insurer.   13 November 2018

Insurance

Lloyd’s approves Arcus 1856 business plan for 2019

Lloyd’s has approved the 2019 business plan of Arcus 1856 syndicate with an increase in property insurance capacity.   13 November 2018

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