Reinsurance News
Tysers
Tysers parent AUB Group raises A$150m for M&A drive via private placement
19th May 2023
Tysers parent AUB Group, has announced that it has successfully raised A$150 million to support its “attractive M&A pipeline”, after completing an oversubscribed placement of 6.25 million new fully paid ordinary shares at A$24.00 per share. According to the announcement, the shares represent a 7.2% discount to the last traded price ... Read the full article
Tysers names Mark Moore Director of Energy
27th March 2023
Independent Lloyd’s broker Tysers has appointed Mark Moore to lead its Energy Division as Director looking to expand its operations in the class of business. With over 30 years of claims and broking experience, Moore joins Tysers from Primassure where he was Head of Natural Resources. During his time at Primassure, he ... Read the full article
Tysers sells bloodstock broking team & managing agent to Howden
22nd February 2023
Leading independent Lloyd’s broker, Tysers has announced the sale of its bloodstock broking team and the bloodstock managing agent, Galileo, to international insurance broker, Howden. “We had built an exceptional bloodstock business but, as our focus is no longer in this area, we entered a commitment to sell the business including ... Read the full article
Tysers to welcome a substantial number of new hires
20th January 2023
Tysers, an independent Lloyd’s broker and part of AUB Group, has announced that in early 2023, it will welcome more than 20 new hires to the business. They will join divisions across the business, including North America P&C, Marine & Aviation, Reinsurance and Retail, according to Tysers. The addition of this new ... Read the full article
Tysers appoints Andrew Kendrick as new non-exec chair
28th November 2022
Tysers Insurance Brokers has appointed Andrew Kendrick to be its new non-executive chair. The firm said that Kendrick will take up his position from the beginning of December, pending regulatory approval. In the meantime, Peter Haynes will remain as chair until the FCA gives approval. Kendrick is a former non-executive director of ... Read the full article
Tysers adds Reinsurance Director from Ed to Dubai office
4th November 2022
Independent Lloyd’s broker Tysers has bolstered its team across the Middle East and North Africa (MENA) region with the addition of Souvik Goswami as Director, Reinsurance to its Dubai office. Goswami joins Tysers from Ed Broking where he was responsible for developing Treaty business and client relationships across MENA. He brings nearly ... Read the full article
AUB Group completes Tysers acquisition
30th September 2022
Australia equity-based insurance broker network AUB Group has completed its acquisition of Tysers. In accordance with the terms of the acquisition and as previously announced, AUB confirmed that it has issued 9,018,974 new shares to Tysers’ former owner, Odyssey Investment Partners. The new shares will be escrowed for a 24-month period. AUB ... Read the full article
AUB to acquire Tysers for £500m
9th May 2022
AUB Group, an Australia equity-based insurance broker network, has confirmed that it has reached an agreement to acquire wholesale broker Tysers from its current owner, Odyssey Investment Partners, for a sale price of AUD $880 million (GBP 500 million). Last month, AUB maintained that it was still in discussions over ... Read the full article
AUB Group confirms Tysers discussions ongoing
4th April 2022
AUB Group has said that no deal has been reached in its ongoing discussions on acquiring wholesale broker Tysers. The announcement comes amidst widespread reporting that the two firms had reached an agreement in which AUB had won a bidding war for Tysers. However, AUB sent out a brief release to ... Read the full article
Tysers appoints James Lucas as associate director
9th February 2022
Broker firm Tysers has appointed James Lucas to be its associate director in its political violence and terrorism team. Lucas will join from Aon Benfield where he is responsible for developing the Latin America and EMEA Terrorism and Political Violence solutions across Aon’s network. Jason Collins, co-head of global broking, markets and ... Read the full article
Xenia acquires trade credit & surety business from Tysers
13th January 2022
Credit insurance and surety specialist Xenia Broking Group has acquired the UK trade credit and surety business of Tysers Insurance Brokers (Tysers). The transaction was completed on 11th January and marks Xenia’s eighth acquisition to date and fifth in the last nine months, having acquired Peter Hill Credit & Financial ... Read the full article
Tysers adds Lee Jenkins to Bloodstock team
14th December 2021
Lloyd’s broker Tysers has announced the addition of Lee Jenkins as a Director within its Bloodstock team. In this role, Jenkins will focus on developing new market opportunities and identifying areas for business growth. This appointment is the latest in a string of senior hires across Tysers in broking, claims and operations ... Read the full article
Appleford to lead Political Violence & Terrorism at Tysers
10th December 2021
Independent Lloyd’s broker Tysers has announced that Ciara Appleford is joining the firm to lead its Political Violence and Terrorism team. Appleford will lead a global team with the aim of driving growth across Tysers’ broking hubs in London, Dubai, Miami, and Singapore. She brings over 13 years of broking experience, market ... Read the full article
Tysers welcomes UK’s £500m Production Restart Scheme extension
10th November 2021
Lloyd’s broker Tysers has reported that the UK’s £500m Production Restart Scheme (PRS) for film and TV shoots has been extended for another six months. The scheme was first launched in July 2020 to help the film and TV industry recover from the pandemic by underwriting COVID-19 related delays. This gives productions ... Read the full article
Tysers launches new live event products
12th October 2021
Lloyd’s broker Tysers has launched two new schemes for the music and live events sector to reflect the challenges of the post-pandemic landscape. Firstly, Tysers Freelancers is an online insurance solution available 24/7 that provides cover for freelancers who work in music events across UK & Europe. And secondly, Tysers Elite will ... Read the full article
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