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MIB appoints Dominic Clayden as new CEO
14th March 2018
MIB has announced that Dominic Clayden will succeed current Chief Executive Officer (CEO) Ashton West OBE from 14th May 2018, as well as becoming an Executive Director to the Board. The transition will follow West’s retirement after 15 years at MIB, and he is expected to work closely with Clayden over ... Read the full article
Sompo International appoints new Loss Control leaders
9th March 2018
Sompo International has announced that Victor Sordillo, current Senior Vice President, Loss Control has been appointed Loss Control leader for all of Sompo International Insurance, and that Christine Sullivan will become Senior Vice President, Loss Control Leader, Sompo Global Risk Solutions (GRS). Sordillo joined the company as Loss Control Leader for ... Read the full article
ArgoGlobal names Veronica Grigg as senior executive officer for Asia
5th March 2018
ArgoGlobal, a division of Argo Group, has announced the appointment of Veronica Grigg as senior executive officer for ArgoGlobal Asia, set to take up her role in the firm's Singapore office in April, subject to regulatory approval. Grigg is an industry veteran with over 25 years of industry experience in the Asia ... Read the full article
RMS names Adam Sandler as Head of Underwriting, Cyber and Model Solutions
28th February 2018
Risk modeller RMS has named Adam Sandler as Head of Underwriting, Cyber and Model Solutions, set to oversee the expansion of RMS business in cyber, data, underwriting and models solutions with a focus on digital risk and underwriting transformation. Sandler joins from QBE North America, where he was Senior Vice President and ... Read the full article
The Insurance Council of Australia appoints three new directors to board
9th February 2018
The Board of the Insurance Council of Australia (ICA) has named Vivek Bhatia, the Chief Executive Officer (CEO) of Australian & New Zealand Operations of QBE Insurance, Richard Feledy, the Managing Director of Allianz Australia, and Sue Houghton the General Manager of Insurance BT Financial Group as new directors of ... Read the full article
Volante Global launches Nordic-focused MGA Bridge Underwriting
1st February 2018
Multi-class and multi-territory international managing general agent (MGA) platform Volante Global has announced the launch of Nordic-focused MGA Bridge Underwriting AB. The Stockholm-based specialist underwriting MGA is set to be led by Torkel Lindberg as Managing Director and will work exclusively with key brokers and agents across the region, offering property, liability, financial ... Read the full article
Volante Global names Chief Actuarial Officer & Head of Operations
25th January 2018
Multi-class international managing general agent (MGA) platform, Volante Global Limited, has announced the appointment of Chris Drew, most recently at QBE in Europe, as its Chief Actuarial Officer. The company has also announced the appointment of Paul Rich, most recently at Barbican Insurance Group, as the firms new Head of Operations. The ... Read the full article
Probitas 1492 names Mark Smith as Senior Underwriter
18th January 2018
Probitas 1492 has named Mark Smith as Senior Underwriter for Management Liability in the Financial Lines team. Smith, who joins Probitas from QBE, is set to take responsibility for the syndicate’s Management Liability portfolio. Neila Buurman, Chief Underwriting Officer for Casualty, commented; "we are very excited that Mark has joined the team ... Read the full article
Volante Global launches London market commercial motor MGA, Edison Motor
18th January 2018
Multi-class international managing general agent (MGA) platform, Volante Global Limited, has announced the establishment of Edison Motor, a London market commercial motor insurance MGA. Edison Motor will offer comprehensive commercial motor insurance solutions to niche markets in the UK, with key business lines being the public sector, such as police forces, fire ... Read the full article
FEMA secures $1.46 billion of flood reinsurance for 2018
5th January 2018
The U.S. Federal Emergency Management Agency (FEMA) has increased the size of its flood reinsurance program for 2018, securing $1.46 billion of coverage for the National Flood Insurance Program (NFIP). The 2018 NFIP reinsurance program has been placed with 28 private reinsurers and will provide the NFIP with coverage across two ... Read the full article
Volante Global to launch in Q1 2018 as global MGA platform
20th December 2017
Volante Global is set to launch in the first quarter of 2018 as a new UK headquartered multi-class and multi-platform global Managing General Agent (MGA) backed by Nephila Capital and subject to Lloyd's Coverholder approvals where appropriate. The group is establishing an international network of underwriting teams located in key territories ... Read the full article
B3i platform gains traction as it prepares to launch legal entity
18th December 2017
As B3i, the Blockchain Insurance Industry Initiative, prepares to launch as a legal entity in early 2018, independent research shows a strong business model with adoption potential for re/insurers across all lines of business with an estimated average 12% efficiency improvement of cost in scope across the value chain. Market analysis commissioned ... Read the full article
FEMA set for full $1.024 billion NFIP flood reinsurance recovery
6th December 2017
The U.S. Federal Emergency Management Agency (FEMA) is set to recover the full $1.024 billion under its 2017 flood reinsurance program for the National Flood Insurance Program (NFIP), as its estimates show the entire layer blown by losses from hurricane Harvey. The 2017 reinsurance program was placed in January 2017 and ... Read the full article
Neon hires Heppell from MS Amlin to be CFO
24th November 2017
Insurance and reinsurance specialist Neon has announced the hiring of Richard Heppell, previously of MS Amlin Underwriting Ltd., as its new Chief Financial Officer. Heppell oversaw the integration of the Amlin and Mitsui Sumitomo Insurance Lloyd’s syndicates, and was previously the Finance Director at Mitsui Sumitomo. Before that he held a range ... Read the full article
Acappella names Bessant as Head of War, Terrorism, & Political Violence insurance
10th October 2017
Acappella Syndicate 2014 has named Louise Bessant as new Divisional Head of its War, Terrorism & Political Violence Insurance Portfolio. Bessant will be supported by Emily Humphries who joined Acappella in 2015. Bessant brings over 25 years of London market experience to the new role, including four years at Canopius before moving ... Read the full article