News

Insurance

Apollo hires Fidelis' Nick Burkinshaw as chief underwriting officer to drive profitable growth

Apollo Syndicate Management, an independent specialist re/insurer at Lloyd’s, has appointed Nick Burkinshaw to the newly-created board level position of chief underwriting officer (CUO).   16 July 2019

Insurance

Gallagher names Nick Burns CEO of employee benefits consulting division in UK

Insurance brokerage and risk management firm Arthur J Gallagher has named Nick Burns as new chief executive officer (CEO) of its employee benefits consulting division in the UK.   16 July 2019

Insurance

BP Marsh acquires AU$1.47m stake in Australian firm Agri Services

Insurance investment company BP Marsh & Partners has acquired 36 percent equity stake in Sydney-based Agri Services Company for an initial cash consideration of AU$1.47 million (£817,000), and further consideration of up to AU$1.13 million (£628,000) may become payable.   16 July 2019

Insurance

Willis Towers Watson appoints Dunlap as head of North American construction

Broker Willis Towers Watson has appointed Jim Dunlap as head of construction broking in North America.   16 July 2019

Insurance

Mercer strikes five-year longevity risk partnership with Club Vita

Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has entered into a five-year partnership with longevity analytics firm Club Vita.   15 July 2019

Insurance

Universal appoints Donaghy as new CEO, Downes to become executive chair

Florida-based Universal Insurance Holdings has appointed current chief operating officer Stephen Donaghy as its new chief executive officer (CEO).   12 July 2019

Insurance

MS Amlin pulls back from Indian reinsurance market following group-wide performance review

MS Amlin, the first re/insurer to join Lloyd's India office, has informed the Indian regulator IRDAI that it has decided to discontinue business operations in India as part of a group-wide review of its operating structure and performance.   11 July 2019

Insurance

Ares expands insurance platform with Aspida launch and Michigan M&A

Global alternative asset manager Ares Management Corporation (Ares) will expand its existing insurance platform, Ares Insurance Solutions, through the launch of Aspida Financial (Aspida) as an indirect subsidiary of Ares.   11 July 2019

Insurance

Ryan Specialty bags group chief compliance officer from Chubb

Chicago-based specialty insurance services business Ryan Specialty Group (RSG) has appointed Michael Blackshear as senior vice president and global chief compliance officer.   10 July 2019

Insurance

Aon: traditional reinsurance sector drives Q1 2019 rebound

Global reinsurance capital markets recovered in Q1 2019, increasing by 3 percent to US$605 billion over the three months to March 31, 2019 up from US$585 billion at 2018 year end, according to Aon’s latest reinsurance market outlook.   10 July 2019

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