News

Insurance

Fidelis taps Brit's Bob Clarkson to develop selective and profitable marine account

Bermuda-based Fidelis Insurance has hired Bob Clarkson to join its Fidelis Underwriting (FUL) London underwriting team as part of the group’s strategic initiative to further develop its focused offering of specialty insurance products.   4 September 2019

Insurance

ArgoGlobal pulls Syndicate 1200 from Asia, most hull underwriting globally to improve profitability

Lloyd's insurer and member of Argo Group, ArgoGlobal, has revealed its plans to exit Syndicate 1200 underwriting operations in Asia in a bid to "improve profitability" of the overall business.   2 September 2019

Alternative Risk Transfer

ILS market navigates stormy waters

A number of new reports on the global ILS market point to increasing signs of stability after a tough start to the year. Intelligent ILS investigates.   30 August 2019

Alternative Risk Transfer

Convergence capital expected to rebound after losses settle but investors will be cautious: S&P

A new report by S&P Global Ratings suggests that alternative reinsurance or third-party capital is likely to remain 'key' in the global market as reinsurers grapple to stay competitive following large losses in the recent years.   29 August 2019

Insurance

Many reinsurers ‘increase cat risk exposure’ to exploit 2019 price uptick, finds S&P Global

Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found.   9 August 2019

Insurance

DARAG strikes legacy portfolio transfer deal with German re/insurer SOVAG

European legacy acquirer DARAG Group has signed a new portfolio transfer agreement with German re/insurer SOVAG. The legacy book comprises direct insurance and inwards reinsurance business.   5 August 2019

Insurance

Prudential strikes longevity reinsurance deal with Phoenix Group

Prudential Financial, through its business unit Prudential Retirement, has entered into a longevity reinsurance agreement covering UK retirees with life and pensions consolidator Phoenix Group.   5 August 2019

Insurance

Hudson Structured Capital Management hires former Validus CFO Jeff Sangster

Re/insurer Hudson Structured Capital Management (HSCM Bermuda) has appointed Jeff Sangster to the post of partner, chief financial officer (CFO) and head of strategy.   5 August 2019

Insurance

Allianz appoints Heidi Shepherd as commercial motor portfolio manager

Insurer Allianz has appointed Heidi Shepherd to the post of commercial motor portfolio manager, responsible for the profitable growth of complete mini fleet, taxi and truck products.   5 August 2019

Insurance

Ed hires Brit Singapore CEO David Lim for Asia Pacific expansion

London-based reinsurance, wholesale and specialty broker Ed has appointed David Lim as CEO of retail, Singapore and head of marine, Asia Pacific.   5 August 2019

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