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Insurance
StarStone, the specialty insurer and subsidiary of Enstar Group, has appointed Rod O’Malley as head of cargo in London. He will report to global head of marine Simon Schnorr. 12 June 2017
Insurance
US-based niche insurance provider ProSight Specialty Managing Agency Limited has ceased the underwriting of Syndicate 1110 and placed the syndicate into run-off, Lloyd’s said in a June 9 Market Bulletin. 12 June 2017
Insurance
Troubled AmTrust Financial Services said June 9 that it has entered into agreements to sell 10,586,000 shares it owns in specialty personal lines insurer National General Holdings (NGHC) for approximately $211.7 million. 9 June 2017
Insurance
General insurer Insurance Australia Group (IAG) has purchased an additional reinsurance protection worth A$1 billion ($750 million) against major disasters. 9 June 2017
Insurance
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group, has appointed Mark Purdy as senior vice president to enhance its analytics and consulting practice. 8 June 2017
Insurance
UK insurer Global Aerospace is setting up a EU subsidiary in Paris to make sure it can continue to serve customers after Britain leaves the bloc, Reuters reported June 7. 8 June 2017
Insurance
Re/insurer QBE North America, part of QBE Insurance Group, has signed a small commercial business agreement with San Diego-based Arrowhead General Insurance Agency. 8 June 2017
Insurance
Sapphire Blue, the managing general underwriting company owned by Ryan Specialty Group (RSG), has hired Debra Goldberg as chief underwriting officer. 7 June 2017
Insurance
Investment manager Hudson Structured Capital Management has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities. 6 June 2017
Insurance
Insurers exposed to UK liability business face big hikes in their reinsurance pricing and continued uncertainty as a result of recent changes made to the personal injury discount rate in the UK despite many having already reported sizable one-off reserve charges in recent result, according to AM Best. 5 June 2017
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