Articles

Insurance

Monument Re acquires €140m Irish annuities portfolio from Rothesay Life

Bermuda-based Monument Re is to acquire a €140 million portfolio of Irish annuities from insurer Rothesay Life.   2 April 2019

Insurance

Beach adds Marsh and Miller execs to London wholesale practice

Re/insurance broking and advisory firm Beach & Associates hired Marsh and Miller executives to expand its wholesale operation in London.   2 April 2019

Insurance

Nexus Group buys Capital Risks MGA

Independent specialty Managing General Agent (MGA) Nexus Group (Nexus) has acquired Capital Risks MGA (CRM), a London based warranty and indemnity MGA.   2 April 2019

Insurance

Sompo International promotes Gallagher to property/casualty CEO

Bermuda-based specialty re/insurer Sompo International has appointed Christopher Gallagher to a new role of chief executive officer of its commercial property and casualty business.   2 April 2019

Insurance

Lloyd’s John Neal sponsors market modernisation project LM TOM

Lloyd’s of London CEO John Neal will be the interim sponsor of modernisation programme the London Market Target Operating Model (LM TOM) after the departure of Shirine Khoury-Haq, COO of Lloyd’s, who has been its sponsor since it was launched in 2015.   2 April 2019

Alternative Risk Transfer

Former New Ocean CEO McKeown departs AXA XL; re/insurer eyes ILS growth

Re/insurer AXA XL has revealed that Chris McKeown, the former CEO of New Ocean Capital Management, has stepped down from his role as vice chairman to pursue other interests outside the company.   2 April 2019

Insurance

Everest bolsters Lloyd's general liability casualty unit with Ironshore hires

Everest Insurance, a part of Bermuda-based Everest Re Group, has expanded its Lloyd’s general liability casualty team with two senior hires from Ironshore Insurance.   2 April 2019

Insurance

Newline Group launches Brexit hub in Germany; appoints CEO

London-based specialty insurer Newline Group has launched its new European Union insurance hub in Cologne, following authorisation from the German Federal Financial Supervisory Authority (BaFin).   2 April 2019

Insurance

AIG appoints Wells Fargo's Baich as chief information security officer

American International Group (AIG) has appointed Rich Baich as senior vice president, chief information security officer.   2 April 2019

Insurance

MMC and JLT merger completes, Guy Carpenter highlights tech and risk changes

As Marsh & McLennan, Guy Carpenter’s parent company, finalised its acquisition of Jardine Lloyd Thompson (JLT) today, Guy Carpenter’s Peter Hearn, president and CEO, and Ross Howard, vice chairman emphasised their focus on technology and how it will change the nature of risk.   1 April 2019

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