News

Insurance

Castel lures Mitsui Sumitomo exec

Castel Underwriting Agencies, the managing general agent (MGA) formation platform, has appointed Vanessa Powell as its first claims manager.   3 September 2015

Insurance

Property boosts growth at Beazley but it quits construction and engineering

Beazley enjoyed solid growth in the first nine months of the year, partly driven by big increases in its property unit and average rate increases on renewal business of 3 percent; it also revealed it will cease underwriting construction and engineering business because of unsustainable rates in these sectors.   8 November 2018

Insurance

Markel starts writing reinsurance business in India

Specialist re/insurer Markel International has commenced writing business from its Mumbai office under the leadership of Deepika Mathur who has joined from HDFC Ergo.   5 October 2018

article

Rated Bermuda, Cayman Islands and Barbados captives steadily navigate market cycles

Captives increasingly used for flexibility, risk financing and hands-on risk management.   27 November 2019

Insurance

Arthur J Gallagher poaching case reveals 'hostile, unguarded' exchanges

A court case brought by Arthur J Gallagher (AJG) against the Ardonagh group, for allegedly poaching a team of employees, has highlighted “hostile, unguarded” internal exchanges at AJG.   14 March 2019

Insurance

Firms ‘struggle’ to build strong cybersecurity culture’ as leaders spend less than a day a year on cyber risk, finds Marsh

A majority of board members and senior executives with responsibility for their organisation’s cyber risk management spent “less than a day in the last year” focusing on cyber risk issues, according to a survey from insurance broker Marsh and tech company Microsoft.   18 September 2019

Insurance

MS&AD invests additional £315m in Swiss Re’s ReAssure

Swiss Re has reached an agreement with Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) for a further investment of £315 million into ReAssure, Swiss Re's UK closed life book consolidator.   20 December 2018

Insurance

New UK government funded AI company aims to save insurers over £500m a year

It aims to cut lost revenue in the UK commercial property insurance sector.   27 April 2021

Insurance

Allstar Surety partners with FAIRCO on surety programme

Allstar Surety, the US standard and non-standard managing general agent (MGA), has partnered with Fair American Insurance and Reinsurance Company (FAIRCO) on a surety programme.   7 March 2016

Insurance

Increased new business formation feeds into wholesale and E&S markets

Hardening market especially evident in excess liability, property and D&O.   14 October 2020

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