News

Insurance

Liberty hires new claims manager for energy, property and construction from Neon

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Gavin Coley to the role of claims manager for energy, property and construction (EPC).   10 May 2019

Insurance

Lloyd’s of London invests in AI-powered insurtech start-up Layr

Specialist insurance and reinsurance market Lloyd’s is investing in artificial intelligence start-up Layr, a cloud-based commercial insurance platform for small businesses, following the launch of its second cohort of insurtech innovators.   10 May 2019

Insurance

Ryan Specialty Group to buy US wholesale broker Atlantic Specialty Lines

Chicago-based Ryan Specialty Group (RSG) is to acquire the assets and operations of Atlantic Specialty Lines (ASL), a privately owned wholesale insurance brokerage headquartered in Richmond, Virginia.   9 May 2019

Insurance

AIG's Talbot founder Rupert Atkin steps down, is replaced by ex-Marsh chair

American International Group (AIG) has appointed Marsh's David Batchelor as new non-executive chairman of Talbot Group, replacing the company's founder Rupert Atkin who is stepping down after 28 years.   9 May 2019

Insurance

Beazley picks Zurich's Richard Montminy as new global head of property

Specialty insurer Beazley has appointed Richard Montminy as global head of its property division, succeeding Mark Bernacki who stepped down from the position at the end of April after 13 years at the company.   9 May 2019

Insurance

Asian GoBear secures $80m to develop digital financial platform

Asian financial supermarket GoBear, has confirmed $80 million funding to grow its mobile financial products and invest in technology innovators across the region.   8 May 2019

Insurance

Ryan Specialty Group and Nationwide to launch new reinsurer Geneva Re in Bermuda

Ryan Specialty Group (RSG) has teamed up with insurance and financial services provider Nationwide to launch a new reinsurance company based in Bermuda, Geneva Re.   7 May 2019

Insurance

JLT Re's Pete Chandler joins BMS Group as president of US reinsurance

Specialist re/insurance broker BMS Group has appointed Pete Chandler as president of its US reinsurance operations. Chandler is the latest in a series of recent high-profile hires from JLT.   7 May 2019

Insurance

Samsung acquires 'strategic stake' in Lloyd's insurer Canopius

Specialty re/insurer Canopius has signed an agreement with Korea's Samsung Fire & Marine Insurance (SFMI) that will see SFMI become a significant minority investor in the company.   3 May 2019

Insurance

Argo fights back against Voce ‘falsehoods’ with detailed SEC filing

Re/insurer Argo Group has fought back against “Voce Capital’s continued falsehoods” by reiterating its “strong track record” and work to drive growth and value for shareholders, as the war of words with the activist investor shows no signs of abating.   3 May 2019

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