News

Insurance

AJG: Ethiopian Airlines / Boeing crash to cost insurers over $1bn

The Ethiopian Airlines crash on the 10 March 2019, and the subsequent worldwide grounding of the Boeing 737 Max fleet, “could cost aviation insurers over $1bn combined”, the broker AJ Gallagher has estimated.   16 July 2019

Insurance

Skuld strengthens hull account

Skuld, a marine insurance provider, has appointed David Farr as underwriter - hull for its Lloyd’s syndicate, Skuld Syndicate 1897.   4 June 2013

Insurance

Compass hits £645 million GWP; adds 20 members

Compass, the UK networks division of global insurance broker Arthur J Gallagher, has reported that the total gross written premium (GWP) controlled by its independent insurance broker members has hit £645 million – a 10 percent increase on the £585 million recorded at end of February.   21 September 2015

Reinsurance

NA nat cat events to cost SCOR €430m

SCOR said on Oct. 9 that Hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, will cost the company €430 million net of retrocession and tax for the third quarter of 2017.   9 October 2017

Insurance

Ascent appoints former Arch Europe CEO as non-exec chair

Managing general agent (MGA) Ascent Underwriting has appointed James Weatherstone as non-executive chairman.   22 March 2018

Insurance

Navigators enters Spain with key hire from WR Berkley

Navigators International, an underwriting segment of Navigators Group, has opened a new office in Madrid, Spain and appointed Carlos Peña Kaiser as country manager.   4 December 2017

Insurance

XL Catlin poaches Beazley exec for international financial lines

Re/insurer XL Catlin has appointed Yera Patel to the position of global practice leader for international financial lines claims.   4 December 2017

Insurance

Thomas Miller appoints new chief executive of P&I subsidiary

Thomas Miller P&I (protection and indemnity), a wholly owned subsidiary of Thomas Miller Holdings, has made a series of senior management changes including a new chief executive.   21 March 2018

Insurance

Markel introduce livestock consortium

Specialist insurer Markel International has partnered with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location, for livestock risks.   13 July 2016

Insurance

Sompo International acquires Novae's financial institutions portfolio

Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million.   31 May 2017

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