News

Insurance

Greenlight Re invests in travel insurance MGA Battleface

Cayman Islands-based reinsurer Greenlight Capital Re has made a strategic investment in travel medical insurance managing general agent Battleface.   2 July 2019

Insurance

Alleghany appoints Jacobs as new CFO and Sennott as CapSpecialty CEO

Alleghany Corporation has appointed Jack Sennott as chairman, chief executive officer and president of its wholly-owned subsidiary CapSpecialty, an underwriter of commercial property, casualty and surety insurance coverages.   2 July 2019

Insurance

Miller swoops on Skuld's Simon Neale for energy facultative reinsurance unit

Re/insurance broker Miller has hired broker/producer Simon Neale to further grow its global energy facultative reinsurance offering.   2 July 2019

Insurance

Markel launches new cyber cover for businesses of all sizes

Specialist insurer Markel International has launched a new cyber policy that claims to provide insureds with all round protection against cyber risks - before, during and after a cyber attack.   2 July 2019

Insurance

MGA capacity set to grow but carriers split on direction of travel, finds Clyde & Co survey

Fourth fifths (80 percent) of carriers expect to increase MGA capacity in 2019, according to a survey of more than 100 insurers and MGAs conducted by global law firm Clyde & Co.   1 July 2019

Insurance

B3i runs hackathon stress test with brokers, insurers and reinsurers

Blockchain insurance initiative B3i successfully stress tested its Property Catastrophe Excess of Loss Reinsurance application recently with a hackathon in Zurich, Switzerland.   1 July 2019

Insurance

Trust Re receives $130m to shore up future after 2018 credit downgrade

Parent company Nest Investments Holdings (Nest) will pay $130 million replacement funds to Bahrain-based re/insurer Trust International Insurance & Reinsurance Company (Trust Re) this year to shore up the firm’s future after it was hit with a credit downgrade last year.   1 July 2019

Insurance

Aon shakes up global broking, specialty leadership in expansion move

Re/insurance broker Aon has promoted five senior executives within its commercial risk solutions unit, in a move it hopes will help expand the company's broking and specialty business globally.   1 July 2019

Insurance

R&Q acquires Bermuda reinsurer Sandell Re for $25m in cash

Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) is to acquire the entire issued share capital of Bermuda-based Sandell Holdings and its subsidiary Sandell Re (SRL) for an initial cash consideration of $25 million with further amounts payable subject to certain conditions being met.   1 July 2019

Insurance

Brit appoints BCG principal to new head of strategy role with focus on Lloyd's

Specialty re/insurer Brit has appointed Paolo Cuomo to the newly created role of head of strategy, based in London.   1 July 2019

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