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EC3 Brokers adds Colin Bird to senior management

21st May 2020

EC3 Brokers has added Colin Bird to work alongside senior management in a role that will see him focus on the growth of the company. Bird joined on May 1 and will also oversee the newly created specialty casualty and cyber team. He has over 30 years’ experience in the industry and ... Read the full article

Ascent Underwriting adds Moir as senior underwriter within W&I

20th May 2020

Cyber and specialty lines MGA Ascent Underwriting has announced the appointment of Richard Moir as senior underwriter, warranty and indemnity (W&I), effective immediately. Reporting to Alex Smith, head of W&I, Moir will support the development of the specialist niche line. He joins from CMS Cameron McKenna Nabarro Olswang LLP, where he served ... Read the full article

Aon appoints General Manager for Data & Analytics Services

19th May 2020

Re/insurance broker Aon has promoted Steve Petrevski to the position of Senior Vice President (SVP) and General Manager of Data & Analytic Services. In this role, Petrevski will be responsible for developing Aon’s Data & Analytic Services platform, reporting to John Bruno, CEO of Data & Analytic Services and COO of ... Read the full article

RKH, Descartes complete first parametric weather trade on AkinovA

19th May 2020

RKH Reinsurance Brokers and Descartes Underwriting has completed the first parametric wind trade on AkinovA, a broker-centric electronic marketplace. This is the first weather transaction to be completed on the platform and opens up a new, yet tested, channel for similar deals. The twelve-month parametric wind instrument was purchased by a European ... Read the full article

Pandemic an opportunity to build better economies: WEF

19th May 2020

A new report by the World Economic Forum (WEF), in partnership with Marsh & McLennan (MMC) and Zurich Insurance Group, has argued that world leaders, businesses and policy makers have a unique opportunity to build better economies as they begin to recover from the COVID-19 pandemic. As part of the report, ... Read the full article

Envelop Risk raises $6mn in Series A funding round

15th May 2020

Data-driven underwriting and analytics company Envelop Risk has secured approximately $6 million in a Series A funding round. Led by AI-specialist investor Alpha Intelligence Capital and with participation from MS Amlin and Dymon Asia Ventures, the funding will be put towards proprietary machine-learning and data-driven underwriting activity in London and Bermuda. Envelop ... Read the full article

EC3 Brokers launches specialty division, announces leadership

13th May 2020

EC3 Brokers, the Lloyd's-headquartered commercial lines broker, has announced the launch of its specialty division and appointed Jonathon Lane as its head. Lane is joined by Dominic Toogood and Gary Moore, with all three reporting to James Murphy, head of broking at EC3 Brokers. Lane began his career in insurance in 2003 ... Read the full article

Swiss Re announces Lockton Affinity as administrator for Tennessee LPL program

12th May 2020

Global reinsurance giant Swiss Re has selected Lockton Affinity, an affiliate of Lockton Companies, as the new program administrator for its Lawyer Professional Liability (LPL) insurance in Tennessee, U.S., effective June 1st, 2020. This program provides lawyers with a comprehensive Professional Liability solution through Swiss Re, with best-in-class administration from Lockton ... Read the full article

Tokio Marine HCC adds Khoury to VP role

11th May 2020

Tokio Marine HCC – Cyber & Professional Lines Group has appointed Desiree Khoury as Vice President of Marketing & Business Development effective May 1, 2020. She reports to David Lloyd, the group’s Chief Operating Officer, and is based in Encino, California. “We are very excited to welcome Desiree back to the Tokio ... Read the full article

Occam Underwriting posts £1mn profit in 2019

7th May 2020

Specialty Lloyd’s of London managing general agent (MGA) Occam Underwriting has reported a £1 million profit after tax for 2019, compared to a loss after tax of £1.25 million for 2018. All three of Occam’s business units – Cyber, Energy and Space – saw strong growth over the year, allowing the ... Read the full article

Zurich adds new leaders for Commercial Insurance Underwriting

7th May 2020

Zurich Insurance Group (Zurich) has appointed Ralph Brand as Global Head of Casualty, Financial Lines and Cyber, and Chris Waterman as Global Head of Property, Marine and Technical Lines. The newly created roles aim to simplify the company’s underwriting function by aligning the shorter-tail first party coverages and the longer-tail third ... Read the full article

RMS expands, updates Risk Intelligence platform

5th May 2020

Catastrophe risk modelling and analytics firm RMS has announced a series of newly updated products and models on its Risk Intelligence (RI) platform. RMS RI was launched in May 2019 and is an open, modular and unified cloud platform designed to enable advanced modeling, risk insights and analytics. New to the platform ... Read the full article

Nasdaq upgrades cat risk modelling service for reinsurers

27th April 2020

Nasdaq has announced the launch of its upgraded catastrophe risk modelling service for the reinsurance industry. The cloud-based solution enables insurers, reinsurers and brokers to access a range of risk models from a number of providers through a single service. It is currently focused on natural catastrophes with models for earthquakes, hurricanes, ... Read the full article

Beazley’s Q1 Covid-19 losses hit $170m, premiums jump 13%

22nd April 2020

Beazley, the specialist Lloyd's focused insurer and reinsurer, has estimated that the total claims from the ongoing COVID-19 pandemic on its first-party business stands at USD 170 million, net of reinsurance, the majority of which is across its marine, property and reinsurance divisions. The specialist re/insurer has released its trading statement ... Read the full article

Beazley gets regulatory nod for Labuan service company

21st April 2020

Specialist insurer Beazley has received authorisation by the Labuan financial regulator to open a new service company in the region. Beazley Labuan Limited has been established to help build a presence in the Malaysian market and underwrite various classes of business on a reinsurance basis on behalf of Beazley’s Lloyd’s syndicates. The ... Read the full article