News

Insurance

Lockton poaches Willis P&C co-head to lead global marine business

Insurance broker Lockton International has hired Alistair Rivers as global head of marine and transportation.   5 October 2017

Insurance

Admiral posts solid results boosted by reinsurance led by Munich Re

UK insurer Admiral Group posted solid growth and a big increase in profits in 2017 as it also detailed some changes to its reinsurance programme.   28 February 2018

Insurance

North P&I Club opens Brexit subsidiary in Ireland

Mutual marine liability insurer North P&I has received authorisation from the Central Bank of Ireland (CBI) to operate from Ireland, allowing it to implement its Brexit contingency plan.   22 January 2019

Insurance

Towergate gets former ACE, Hiscox head to lead partnerships development

UK insurance intermediary Towergate has appointed Colin Wallace as partnership director, reporting to retail chief executive officer (CEO) Steven Anson.   22 February 2017

Insurance

CBPE buys stake in Compre

CBPE Capital has acquired a majority stake in independent re/insurance legacy specialist Compre from Milestone Capital Partners.   3 February 2015

Alternative Risk Transfer

FEMA to issue $275m cat bond for NFIP

The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle.   18 July 2018

Insurance

AIG may free up to $5bn through DSA Re

American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research.   18 July 2018

Insurance

Markel poaches senior underwriter and risk analyst from Zurich

Specialist insurer Markel Corporation has appointed Jennifer Chang as underwriter and senior risk analyst in its trade credit and political risk operation in New York.   5 September 2018

Insurance

Catalina creates new M&A, reinsurance post to drive US growth

Bermuda-based Catalina Holdings has appointed Parri Spector director of mergers and acquisitions (M&A) and reinsurance transactions.   5 September 2018

Insurance

THB swoops for senior aviation broker from Ed in growth strategy

Specialist re/insurance broker THB has hired a senior broker from Ed Broking. Matthew Gould will join THB's aviation team, reporting to division director Tom Thompson.   5 September 2018

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