News
Insurance
London-based specialist re/insurer THB has appointed Toby Kayll as managing director of the marine division that offers broking services including hull and machinery, liability, cargo, and protection and indemnity. 2 March 2017
Insurance
Global Risk Partners (GRP), a private-equity-backed investment vehicle aimed at brokers and managing general agents (MGAs), has completed the acquisition of commercial and personal lines insurance broker Higos. 2 March 2017
Insurance
The UK Government has startled the re/insurance industry by decreasing the personal injury (Ogden) rate by far more than had been expected, causing companies to revise their profit results mid-reporting season. 1 March 2017
Insurance
Randall & Quilter Investment Holdings (R&Q), the non-life insurance and investment specialist, has conditionally raised £16.9 million through a placing of new ordinary shares, which it plans to use to boost its operations in Malta and the US and to make further acquisitions. 28 February 2017
Insurance
The UK insurance industry has expressed its concern over the Lord Chancellor’s decision to change the Ogden discount rate to -0.75 percent from 2.5 percent. 27 February 2017
News
Broker JLT Re is expanding its property and casualty (P&C) reinsurance business in the Nordic region with two new hires. 24 February 2017
Insurance
The Hanover Insurance Group has promoted John Fowle to the role of chief executive officer (CEO) of Chaucer Syndicates, its international member company that underwrites business at Lloyd's of London. 21 February 2017
Insurance
Increases in loss and loss adjustment expenses, driven by cat losses and higher fire and weather related losses as well as lower average premiums have driven down United Insurance Holdings’ (UPC Insurance) full year results. 21 February 2017
Insurance
Intermediary Hyperion Insurance Group has appointed Mark Johnson as CEO of its Hong Kong-headquartered specialty marine business FP Marine Risks. 21 February 2017
Insurance
UK insurer RSA has expanded its partnership with the Africa-based insurance network Globus to five more territories in the region. 21 February 2017
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