News

Insurance

ABIR picks Hamilton's Albo as deputy chair, Catlin's Convex as newest member

The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton CEO Pina Albo as its deputy chair, and added Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group to its membership.   18 July 2019

Insurance

EC3 Brokers hires JLT exec to drive growth in Middle East via Dubai

London-based EC3 Brokers has launched a new venture from the Dubai International Finance Centre from which it will target growth in the Middle East and Africa and hired an executive from JLT Re to lead this process.   28 January 2019

Insurance

Aspen shakes up executive lineup, Edwards replaces Cain as UK insurance CEO

Bermuda-based Aspen Insurance Holdings has promoted Clive Edwards to chief executive officer (CEO) of Aspen Insurance UK (AIUK) and Aspen Managing Agency (AMAL).   13 September 2019

Insurance

PE firm creates €10m insurtech fund for Europe investments

Private equity firm Odysseus Alternative Ventures (OAV) has partnered with the APICIL Group, a French social protection provider, to create Insurtech Capital I. with a commitment of €10m.   12 December 2018

Insurance

LMA, FOIL welcome Lloyd’s Blueprint One but highlight caveats for success

The success of Lloyd’s Blueprint One will depend on “our ability to innovate and evolve our model” to ensure the market continues to offer outstanding underwriting products and services to our customers,'' according to Sheila Cameron, Lloyd’s Market Association CEO.   1 October 2019

Insurance

Lloyd’s correctly predicts World Cup result for second time

Specialist re/insurance market Lloyd’s has correctly predicted that France would win the 2018 FIFA World Cup based on insurable value.   16 July 2018

Insurance

London insurtech iXledger unveils blockchain insurance

UK insurtech firm iXledger has launched a blockchain insurance product in partnership with a London-based broker operating in the international specialty insurance markets.   16 July 2018

Insurance

Brown & Brown buys Arkansas-based CSI Insurance

Insurance broker Brown & Brown has acquired the assets of Coffman-Standridge CSI Insurance, an Arkansas-based provider of property and casualty insurance products.   16 July 2018

Insurance

ABI and Swiss Re warn of Brexit threat to London at Fitch event

Though much has been done to ensure a smooth Brexit transition for the UK insurance sector, leaders in the industry warned that EU subsidiaries could take business from London “very quickly” after Brexit.   25 January 2019

Insurance

Severe wind and hail storm cause underwriting loss at Liberty Mutual in Q1

Severe wind and hail storm losses have dented Boston-based Liberty Mutual Holding Company’s profits in the first quarter of 2017 while the company grew organically and via the acquisition of Ironshore.   5 May 2017

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