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Insurance
Specialist broker Alesco Risk Management Services has hired Willis' Martin Hiller as chairman of its UK construction team. 23 April 2018
Insurance
The Managing General Agents’ Association (MGAA) has established a dedicated group to drive innovation and greater collaboration in the MGA sector. 23 April 2018
Insurance
XL Catlin has started trading on the London Market’s electronic placement platform PPL, becoming the first insurer to bind a political risk policy. 23 April 2018
Insurance
Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has promoted Weald Risk Partners from a division within the Castel Specialty portfolio to a standalone underwriting cell. 23 April 2018
Insurance
The largest professional agricultural association in Spain will offer parametric insurance for a second year in a row through Lloyd’s coverholder Meteo Protect. The protection is designed to protect its 22,000 olive farmers from the financial consequences of extreme temperatures on their olive fields. 23 April 2018
Insurance
Singapore is a thriving risk transfer hub for the Asian region, with buyers preferring to execute locally where possible. Beazley, which opened an office in the country some 12 years ago, is prospering on the back of this—especially where it can target specialty lines and offer something different. 22 April 2018
Insurance
Italian insurer Generali is selling its entire stake in its Belgium-based subsidiary, primarily focused on the life segment, for a cash consideration of €540 million. 19 April 2018
Insurance
Wang Yincheng, former president of the state-owned People's Insurance Company of China (PICC), has pleaded guilty in a trial on the charge of accepting bribes, according to an April 16 report by the country’s official press agency Xinhua. 19 April 2018
Alternative Risk Transfer
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) secured $374,460,000 of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer. 19 April 2018
Insurance
London-based Envelop Risk, a newly-launched global specialty cyber insurance analytics and underwriting firm, has appointed Aritra Chatterjee as its chief underwriting officer. 19 April 2018
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