News

Insurance

Lloyd’s bosses vow to cleanse market of unprofitable classes and laddish culture

More unprofitable business will be forced from Lloyd’s as part of this year’s performance review, although it will also take a more nuanced approach and implement what it called a risk-based approach to regulatory oversight, according to its senior management team.   11 September 2019

Insurance

Endurance poaches from Axis and Swiss Re to launch E&S transport product

Bermuda-based Endurance Specialty Holdings has hired senior executives from Axis and Swiss Re to help it launch a new excess casualty product for commercial transportation clients.   1 December 2016

Insurance

Willis Towers Watson completes OAAGC deal

Broker Willis Towers Watson (WTW) has completed the acquisition of OAAGC's team and book of business following a week-long negotiation with the French aviation brokerage firm.   2 March 2017

Insurance

Generali ropes in Europ Assistance CEO for group strategy role

Italian insurance group Generali has appointed Bruno Scaroni, current chief executive officer of Europ Assistance Italy, to the position of group strategy and business accelerator director.   21 June 2017

Insurance

Arnott Marine hires Sullivan to boost cargo MGA

Arnott Marine, a part of Castle Insurance Services, has appointed Brian Sullivan as broker relationship director to focus on developing its cargo underwriting capability to small and medium sized brokers in the UK.   17 July 2017

Insurance

Fosun reveals Ironshore results prior sale to Liberty Mutual for $3bn

Chinese conglomerate Fosun said that its Bermuda-based specialty property/casualty insurer Ironshore made a net profit of $115.7 million in 2016 while producing an underwriting loss with a combined ratio of 102.1 percent. Premium income was 2.20 billion during the period.   29 March 2017

Insurance

Charles Taylor snaps up third party claims administrator in US

Charles Taylor Group has acquired Southern California third party claims administrator Metro Risk Management (MRM) from Nautilus International Holding Corporation.   4 September 2017

Insurance

XL Catlin reveals US excess casualty leadership changes

Re/insurer XL Catlin's global excess casualty insurance business has realigned its US Central region and announced the appointment of new regional underwriting managers.   4 September 2017

Insurance

Hiscox USA boosts professional risks unit with XL and Travelers duo

Specialist insurer Hiscox USA has announced two senior executive appointments to its professional risks division, based in the New York office.   13 July 2017

Insurance

Alliant expands US Northeast footprint with new M&A deal

California-based Alliant Insurance Services has expanded its footprint within the Northeast region by acquiring New Jersey-based Boynton & Boynton, one of the region's largest private insurance agencies.   13 July 2017

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