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CFC adds Avraam to Medical Malpractice underwriting team
3rd October 2019
Specialist insurer CFC has recently announced the appointment of Avraam Avraam to its Medical Malpractice underwriting team. He will serve as team leader and work alongside practice leader Sharon Brennan in order to help develop the firm’s book of non-US international business. Avraam brings over 30 years’ experience in underwriting and broking, ... Read the full article
AXIS Capital withdraws support for Australia’s Carmichael mine, sources report
3rd October 2019
Bermudian insurance and reinsurance firm AXIS Capital Holdings Limited has dropped its bid to provide coverage for the controversial Carmichael coal mine project in Australia, according to sources at Reuters. The publication said that sources close to the company confirmed that AXIS had withdrawn its quotes for insurance of the mine’s ... Read the full article
AXA XL promotes three within its UK Client & Distribution team
16th September 2019
Global insurer and reinsurer AXA XL has promoted Allan Murley to Head of Broker Management as part of a number of changes to its UK Client and Distribution team. Murley's appointment is effective immediately and in his new role, he will be responsible for leading the UK Broker team and working ... Read the full article
Fidelis Underwriting adds marine experience to London underwriting team
3rd September 2019
Bob Clarkson has joined the London underwriting team of Fidelis Underwriting Limited, a subsidiary of Bermuda-based Fidelis Insurance Holdings Limited. His appointment comes as part of the group's strategic initiative to continue to develop its focused offering of specialty insurance solutions. Clarkson brings three decades of industry experience to the role, as ... Read the full article
Willis Towers Watson names Adam Garrard as new CRB leader
15th August 2019
Global insurance and reinsurance brokerage Willis Towers Watson (WTW) has revealed that Adam Garrard is to replace Todd Jones as leader for the Corporate Risk & Broking (CRB) segment. Garrard is currently WTW Head of International and member of the broker's Operating Committee, and he will continue to serve as acting ... Read the full article
GlobalData sees long-term benefits as re/insurers step away from coal
13th August 2019
Data and analysis firm GlobalData has said that despite losing out in the short-term, the re/insurance industry's transition away from coal is expected to result in considerable long-term benefits. In an effort to reduce climate change and support greater use of renewable energy, global insurers and reinsurers have started moving away ... Read the full article
ArgoGlobal adds active underwriter for Syndicate 1200
29th July 2019
Lloyd's of London insurer and member of Argo Group, ArgoGlobal has appointed John Moffatt as an active underwriter for Syndicate 1200, reporting to Matt Harris, group head of International operations. Moffatt's appointment remains subject to regulatory approval, and sees him move from his previous role with ArgoGlobal as the head of ... Read the full article
Tokio Marine HCC bolsters global Media, Film & TV team
25th July 2019
Tokio Marine HCC has announced the appointments of Stuart Wolstenholme and Lucy Smith in its international Media, Film & TV team within its Professional Risks unit. Wolstenholme has been named Media Property and Liability Underwriting Manager, and brings more than 15 years of experience in the Media and Music industries to ... Read the full article
Moody’s turns negative on Argentine re/insurers
17th July 2019
Moody’s Latin America Agente de Calificación de Riesgo S.A has downgraded its outlook from stable to negative for the global local currency (GLC) insurance financial strength (IFS) ratings of 13 re/insurers and 6 financial guarantors in Argentina. The rating action follows Moody’s outlook change from stable to negative on Argentina’s B2 ... Read the full article
HSCM Bermuda leads latest funding round for RiskGenius insurtech
16th July 2019
RiskGenius, an insurtech firm that applies machine learning software to insurance policies, has announced the completion of a Series B financing round, which was led by Hudson Structured Capital Management Ltd. (HSCM Bermuda). The insurtech also expanded its partnerships with Everest Insurance, FM Global and Liberty Mutual, and appointed Sean Mollet ... Read the full article
Canopius adds four to new Sydney branch
8th July 2019
Global specialty re/insurer Canopius has made four appointments to its recently-established branch Canopius Australia & Pacific. The new branch is based in Sydney and recently gained binding authority approval from Lloyd’s. Suzanne White joins from Woodina Underwriting Agency with almost 20 years’ experience and becomes an Accident & Health Underwriter. Jeanene ... Read the full article
Senior underwriter Tim Butcher to retire from D L Dale Syndicate 2525
4th July 2019
D L Dale & Others, Syndicate 2525, the specialist employers’ and third-party liability Lloyd’s insurer, has announced the retirement of Tim Butcher, Senior Class Underwriter for international liability business. Butcher has spent his entire career in the Lloyd’s market since joining in 1975. He has been with some of his current colleagues ... Read the full article
Willis Towers Watson develops new solution for mid-market clients
24th June 2019
Re/insurance broker Willis Towers Watson (WTW) has launched a new solution for General Industry mid-market clients as part of its Differentiated Broking Solutions (DBS) strategy. Notably, the solution features pre-agreed terms and conditions, meaning it will act almost like a facility with guaranteed capacity at guaranteed rates for WTW’s clients. WTW said ... Read the full article
P&C pricing to reach double-digit increases through 2H19: Credit Suisse
12th June 2019
Analysts at Credit Suisse have predicted that property and casualty (P&C) insurance pricing is due to enter hard market territory throughout the second half of 2019, with rate increases reaching into the double-digits. This forecast is more optimistic than the firm’s previous April update, when it forecast that pricing would firm ... Read the full article
Everest Insurance expands Professional Liability team with trio of hires
4th June 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has announced the addition of three new members to its Professional Liability group. This segment, which operates within the Everest Insurance Financial Lines unit, provides coverage for architects and engineers, lawyers, accountants, as well as miscellaneous professional liability. Brittany Lannan joins the Lawyers ... Read the full article