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Insurance
Ed obtains Guernsey license; hires Willis Towers Watson exec director
Reinsurance, wholesale and specialty broker Ed has been granted a commercial insurance intermediary license by the Guernsey Financial Services Commission.   6 September 2017
Insurance
BMS launches Iberian operations under ex-Marsh execs in post-Brexit move
Specialist re/insurance broker BMS Group has launched a new European venture, BMS Iberia, under former Marsh Spain and Aon executives.   6 September 2017
News
Alternative capital growth to further depress reinsurance rates in 2018
Reinsurance rates are set to continue to decline in 2018 as growth in alternative forms of reinsurance intensifies the competition for business, Fitch Ratings said on Sept. 5.   5 September 2017
Insurance
Arthur J Gallagher acquires Swedish broker for Scandinavian expansion
Insurance brokerage and risk management firm Arthur J Gallagher has acquired Swedish property/casualty (P&C) broker Nordic Försäkring & Riskhantering to expand its footprint and capabilities in Scandinavia.   5 September 2017
Insurance
Surplus lines carriers post underwriting loss for a second straight year in US
The US domestic professional surplus lines (DPSL) insurers posted a combined ratio of 107.8 percent in 2016, its highest in 10 years excluding 2012 which was impacted by Superstorm Sandy, AM Best said in a Sept. 5 report.   5 September 2017
Insurance
Chaucer Dublin sets up new London branch
The Dublin-based subsidiary of Chaucer, an insurance group underwriting at Lloyd's, is to establish a branch in London to write a range of international specialty insurance and reinsurance business.   5 September 2017
News
Reinsurers’ returns just 1.2% above their cost of capital
In the first half of 2017, the reinsurance sector generated returns only 1.2 percent above its cost of capital, according to a new report by S&P Global Ratings.   5 September 2017
Insurance
JLT Re poaches Ed’s reinsurance CEO in Asia Pacific
Carsten Thienel joins JLT Re in Asia Pacific with over 30 years of industry experience.   5 September 2017
Insurance
TigerRisk hires ILS adviser to UK Chancellor
Reinsurance broker TigerRisk Partners has appointed Michael Wade, the Crown Representative for Insurance at the UK Cabinet Office and advisor to the Chancellor of the Exchequer on issues relating to Insurance Linked Securities (ILS).   5 September 2017
Insurance
BPL Global granted brokerage license to operate in Dubai
BPL Global, a specialist credit and political risk insurance broker, has been granted a brokerage license by the Dubai Financial Services Authority to conduct insurance intermediation business in Dubai.   5 September 2017

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