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AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017. 6 July 2017
Insurance
It promises rapid access to digital distribution at scale. 18 December 2019
Alternative Risk Transfer
For Lloyd’s to accept a new syndicate, the business must bring something new to the table. That is the view of Stephen Cane, chief executive of third party syndicate manager, Asta, which has recently launched a new syndicate at Lloyds. He says the business had to demonstrate innovation and a unique offering to gain approval. 8 February 2013
Insurance
Participants suggested that further changes could be in the pipeline as regulators and politicians acknowledge the scale of the problem. 4 October 2022
News
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed David Harris as managing director of Syndicate 1200 at Lloyd’s. Harris succeeds Jeff Radke who has been appointed to a group-wide operations role. 9 May 2013
Insurance
The executive has 35 years of experience specialising in North American property cat and transportation risks. 7 September 2020
Alternative Risk Transfer
The spate of heavy losses in 2017 and 2018, compounded by ‘loss creep’ as some funds struggled to post accurate loss estimates, seems to have made ILS investors pause for thought, with many being much more circumspect as to where to place their money. Intelligent Insurer investigates. 13 February 2019
Insurance
Fitch Ratings has placed the ratings of Marsh & McLennan Companies (MMC) on Rating Watch Negative following its agreement to acquire Jardine Lloyd Thompson Group (JLT) for roughly $5.6 billion. 24 September 2018
Insurance
The re/insurer has grabbed talent from the likes of Hiscox, Arch, Validus and ProSight. 3 May 2022
Insurance
The appointees have formerly held senior roles at Swiss Re, Willis Re and Chubb. 2 July 2021
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