News

Insurance

Arch acquires Barbican Group as it deepens 'commitment to Lloyd’s and London'

Bermuda-based Arch Capital Group has agreed to acquire Barbican Group Holdings from funds managed by US alternative asset management firm Carlson Capital, in a move aimed at expanding its Lloyd’s and London market footprint.   31 July 2019

Insurance

Wafer thin margins become 'new normal' in energy market

Despite a plethora of challenges including low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks, margins for energy insurers remain wafer thin, a situation that could become the ‘new normal’ for the market.   12 April 2017

Insurance

UK commercial motor MGA launched with QBE hires

Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, has launched commercial motor MGA Edison Motor while appointing Steven Dickie and Doug Ockwell as joint managing directors of the new operation.   18 January 2018

Insurance

Hamilton acquires Lloyd's Pembroke Managing Agency, Ironshore Europe from Liberty Mutual

Bermuda-based Hamilton Insurance Group has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency platform at Lloyd’s and Ironshore Europe DAC (IEDAC).   14 March 2019

Insurance

Top execs exit AXA XL leadership as new CEO rethinks strategy; business split into three units

New CEO Gunter says a simpler organisation will enable faster decision-making, and help remain agile.   21 April 2020

Insurance

Overcoming the human factor: exchange and augment data to improve an undervalued asset

Data should be vital to the insurance industry, but its potential has yet to be fully exploited, say software specialists at Morning Data.   18 October 2021

Insurance

Brokerslink appoints Osama Abu Ghazaleh as it plans Middle East expansion

Global broking business Brokerslink has appointed Osama Abu Ghazaleh as its new Middle East regional manager. The region now has a dedicated representative committed to promoting the growth and development of its independent brokers located there.   25 October 2019

Insurance

The search for talent: new re/insurers in Bermuda face the old challenges

Recruitment is a perennial struggle for Bermuda’s re/insurance industry. The class of 2020/21 won’t escape that, but it could have some powerful strategic advantages in the war for talent.   25 March 2022

Insurance

Ascent appoints chief operations officer

Specialist managing general agent (MGA) Ascent Underwriting has appointed Kevin Cleary as chief operations officer (COO).   4 July 2016

Insurance

ArgoGlobal poaches Zurich liability underwriter

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Ross MacDonald as deputy general liability class underwriter.   18 January 2016

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