News

Insurance

Ascot poaches Navigators marine team to launch new unit

Bermuda-based specialist re/insurer Ascot Group has poached a US marine team from Navigators Group and launched a new US marine business on the back of this.   13 July 2018

Insurance

Chubb appoints new leader of European high net worth business

Property/casualty insurer Chubb has appointed Annmarie Camp as head of its European personal risk services division, based in London.   13 July 2018

Insurance

Lockton appoints former Willis exec to financial institutions team

Broker Lockton has expanded its financial institutions team with the appointment of Brian Horwell as a producer.   13 July 2018

Insurance

BMS boosts Australian team with senior hire from InterRISK

Specialist re/insurance broker BMS Group has appointed Danny Gluszkiewicz as a director of its Australian operations. He joins from InterRISK Australia.   13 July 2018

Insurance

M&A party will continue – but latecomers may pay the price: Moody’s

Challenging market conditions mean the re/insurance industry is poised for yet more consolidation, but transactions will become more challenging because of the smaller pool of acquisition targets, Moody’s has claimed in a new report called ‘More M&A deals as firms seek to broaden depth, scale and market relevance’.   12 July 2018

Insurance

Ardonagh-owned Price Forbes taps JLT, Marsh, Miller execs

Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has expanded its power, utility and construction team with four new appointments from JLT, Marsh and Miller.   12 July 2018

Insurance

Market M&A drives MGA growth as entrepreneurs form start-ups

The growing number of managing general agents (MGAs) in the UK insurance market is being driven by the continuing wave of insurer consolidation and entrepreneurial spirit of some underwriters wanting to start up their own businesses, according to The Managing General Agents’ Association’s (MGAA) Chairman, Charles Manchester.   12 July 2018

Insurance

RSA appoints new head of Dubai operations

RSA Insurance Group has appointed Chris Riley as senior executive officer for its operation in the Dubai International Financial Centre (DIFC).   12 July 2018

Insurance

MGAs tap new capacity providers

Managing general agents (MGAs) have traditionally received their capacity from insurers but are now increasingly taking advantage of alternative capacity providers, MGAA chairman Charles Manchester suggested in conversation with Intelligent Insurer.   11 July 2018

Insurance

Lloyd’s profitability push may cause ‘pandemonium’, says MGAA chair

Lloyd’s review of underperforming syndicates could cause pandemonium for managing general agents and disruption in many lines of business if it results in syndicates retracting their capacity from unprofitable areas quickly.   11 July 2018

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