News

Insurance

Arcus taps RenRe Syndicate's head of property Alex Shepherd

Arcus Syndicate 1856, which is managed by Barbican Managing Agency, has hired Alex Shepherd as active underwriter from RenaissanceRe Syndicate 1458 where he was head of property.   11 July 2019

Insurance

Canopius adds Willis Towers Watson credit, political risk underwriter for Asia expansion

Specialty re/insurer Canopius has appointed Jamie Jeffers as underwriter, credit & political risk, for Asia Pacific, effective September 9.   11 July 2019

Insurance

MS Amlin pulls back from Indian reinsurance market following group-wide performance review

MS Amlin, the first re/insurer to join Lloyd's India office, has informed the Indian regulator IRDAI that it has decided to discontinue business operations in India as part of a group-wide review of its operating structure and performance.   11 July 2019

Insurance

Swiss Re suspends £3.3bn ReAssure IPO due to weak investor demand in UK market

Zurich-based reinsurer Swiss Re has suspended its previously announced initial public offering (IPO) of UK closed life book business ReAssure citing weak investor demand and market conditions.   11 July 2019

Insurance

Europe faces €1.77bn economic losses after severe June weather: Aon cat report

The economic cost of a record breaking heatwave, severe storms and flooding in Europe in June 2019 is expected to exceed €1.774 billion (US$2 billion), according to Aon’s monthly Global Catastrophe Recap report.   11 July 2019

Insurance

PartnerRe appoints Chris Shanahan president of US life operations

Bermuda-based PartnerRe has appointed Chris Shanahan as president of its US life operations.   11 July 2019

Insurance

EC3 Brokers hires former Greenlight Re, Wellington executives for US expansion

London-based EC3 Brokers has appointed James Norris as chief actuary and Terry Holley as senior vice president in the US.   11 July 2019

Insurance

Ares expands insurance platform with Aspida launch and Michigan M&A

Global alternative asset manager Ares Management Corporation (Ares) will expand its existing insurance platform, Ares Insurance Solutions, through the launch of Aspida Financial (Aspida) as an indirect subsidiary of Ares.   11 July 2019

Insurance

AXA UK&I chief risk officer Evan Waks departs, is replaced by Direct Line director David Baker

Re/insurer AXA UK & Ireland has appointed David Baker as new chief risk officer, replacing Evan Waks who is leaving to pursue opportunities outside the company.   10 July 2019

Insurance

Cryptocurrencies to help boost UK’s financial services sector in post-Brexit era: deVere CEO

Cryptocurrencies such as bitcoin could play a significant role in reshaping and strengthening the UK’s financial services sector post-Brexit, according to the CEO and founder of deVere Nigel Green.   10 July 2019

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