Articles

Insurance

Axon makes strategic move into Latin America with $10m backing from Asian partners

Specialty lines programme administrator Axon Underwriting has launched a new reinsurance unit, Axon Re, to expand its cargo and stock throughput reinsurance programme across Latin America.   24 April 2019

Insurance

Broker Brightside appoints new COO from Swinton Group

UK broker Brightside Group has appointed Richard Beaven as group chief operating officer (COO), reporting to group CEO Brendan McCafferty.   24 April 2019

Insurance

Marsh, Guy Carpenter, JLT to merge LatAm facultative reinsurance under Andrew Perry

Broker Marsh & McLennan Companies (MMC) is merging the Latin American facultative reinsurance operations of its wholly owned subsidiaries Marsh and Guy Carpenter with that of Jardine Lloyd Thompson Group (JLT). The combined business will be known as Carpenter Marsh Fac Re.   23 April 2019

Insurance

AmTrust sells crop insurance MGA to Tokio Marine's ProAg

Specialty insurer Tokio Marine HCC's crop insurance unit Producers Ag Insurance Group (ProAg) has signed an agreement to acquire Leawood, Kansas-based crop insurance managing general agent (MGA) AmTrust Agriculture Insurance Services (AmTrust Ag).   23 April 2019

Insurance

Munich Re Syndicate targets Asia expansion with Nectar partnership

The Asia Pacific arm of Munich Re Syndicate, a marine and specialty insurance underwriter at Lloyd’s, has partnered with Singapore-based coverholder Nectar Specialty Risk to expand its distribution and middle-market business in the region.   18 April 2019

Insurance

AmTrust at Lloyd's and Canopius sign merger agreement

Specialty re/insurer Canopius has signed a definitive agreement to merge its Lloyd’s business with AmTrust at Lloyd’s, a division of AmTrust Financial.   18 April 2019

Insurance

Shepherd Compello opens Brexit subsidiary in Netherlands; targets European growth

Lloyd's insurance broker and coverholder Shepherd Compello is launching a new subsidiary in Assen, the Netherlands to support its growth plans across Europe, and ensure business continuity amid the ongoing Brexit uncertainty.   16 April 2019

Insurance

SCOR bolsters global P&C ventures with new appointments

French reinsurer SCOR has expanded its SCOR Global P&C ventures team that forms partnerships with entrepreneurs and innovators to develop new technology-driven insurance and risk management solutions.   16 April 2019

Insurance

London market needs to invest in workforce to see digital transformation thrive

The insurance workforce needs to evolve to work effectively with new technologies as the London market embraces modernisation and transformation initiatives, suggests a new report by PwC and the Lloyd's Market Association (LMA).   15 April 2019

Insurance

Praedicat data identifies three candidates as ‘the next asbestos’ for insurers

Data analysts have predicted that the three biggest long tail risks facing casualty insurance today are glyphosate, opioids and talcum powder, or GOT for short, not to be confused with hit series Game of Thrones.   12 April 2019

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