Reinsurance News
Pioneer Underwriters
Pioneer agrees terms for Russell Coward acquisition
23rd October 2020
Pioneer Underwriting Holdings has signed terms for a deal that will see Pioneer and its subsidiaries acquired by Russell Coward, currently Pioneer’s Head of Risk & Compliance and Company Secretary. This transaction follows an agreement with K2 to transfer the 4 ongoing underwriting units and the separate transaction to divest ... Read the full article
K2 & Pioneer sign terms ahead of acquisition
30th April 2020
Pioneer Underwriters and K2 Insurance Services LLC have now signed terms for their previously announced transaction, under which Pioneer's ongoing underwriting portfolio, as well as underwriting and support staff, transfer to K2. With the terms of the transaction now signed, it's expected that the deal will complete by the end ... Read the full article
K2 to acquire Pioneer in first non-US transaction
4th February 2020
K2 Insurance Services LLC, a specialty insurance holdings company, is set to complete its first transaction outside of the U.S., with the acquisition of underwriting services firm, Pioneer Underwriters. According to an announcement on the deal, Pioneer is set to become the cornerstone for a new global platform of K2. Initially, this ... Read the full article
Philip Turner joins Pioneer as a specie underwriter
28th November 2019
Pioneer Underwriters has announced the addition of Philip Turner as a specie underwriter within its Marine Specialty team, effective December 2nd, 2019. In his new role, Turner will be based in London and will report to Andy Corton, Head of Marine Specialty. He brings extensive broking and underwriting experience to the role, ... Read the full article
Pioneer Underwriters names Hazel Beveridge as Chief Actuary
3rd September 2019
Pioneer Underwriters, the underwriting group within Minova Insurance Holdings Ltd, has named Hazel Beveridge as Chief Actuary. Effective September 1st, 2019 Beveridge will join the firm's Executive Committee and reports to Pioneer's Chief Executive Officer (CEO), Andrew McMellin. She brings more than 20 years of pricing and reserving experience to the role, ... Read the full article
Willis Re’s Andrew Souter joins Pioneer as Head of Capital
13th June 2019
Andrew Souter has been appointed Head of Capital at Pioneer Underwriters, effective 19th August 2019. In his new role he will report to Pioneer's Chief Executive Officer (CEO) Andrew McMellin, and will be responsible for the capital and reinsurance buying functions within the company, while at the same time being tasked ... Read the full article
Pioneer adds Nick Greggains as CEO of US operations
15th March 2019
Pioneer Underwriters, part of Minova Insurance Holdings, has announced the appointment of Nick Greggains as Chief Executive Officer of its US operations. Greggains will be based in New York and report to Group CEO Andrew McMellin. His appointment, which is effective on March 25, will see the current US CEO Gene Hinman ... Read the full article
Pioneer hires Corton from Pembroke as cargo underwriter
13th February 2019
Pioneer Underwriters (Pioneer), part of Minova Insurance Holdings Ltd., has announced the hiring of Andrew Corton as a project cargo underwriter. Corton joins Pioneer as of March 1st from his most recent role with Pembroke Managing Agency where he held the role of divisional director for cargo underwriting business. At Pioneer, Corton ... Read the full article
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