Insurance news

• Governance review after CEO, vice chairman and CFO leave Baldwin & Lyons

  20-05-2016 22:04
  US insurer Baldwin & Lyons has parted company with its senior
  management team and brought in outside legal counsel for a
  comprehensive governance review over the circumstances surrounding
  their sudden retirements.
  The firm said last night (19 May) it had appointed Randall
  Birchfield as CEO with immediate effect after the incumbent, Joseph
  DeVito, had decided to retire along with deputy chairman Gary
  Miller and CFO Patrick Corydon.
  DeVito, who was also president and COO, took over as CEO from
  
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• Raiguel to succeed Montross as Gen Re CEO

  20-05-2016 16:55
  Kara Raiguel, a senior executive from Berkshire Hathaway's
  reinsurance division, is to replace Tad Montross as CEO of Gen Re,
  according to an internal memo seen by The Insurance
  Insider.
  In the memo Berkshire Hathaway reinsurance chief Ajit Jain, who
  now has overall oversight of Gen Re, described Raiguel as his
  "secret weapon".
  Raiguel, an actuary by background, has worked with Jain in the
  reinsurance division for 15 years, according to the memo.
  Jain said that the executive had been...
  
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• PPL appoints first managing director

  20-05-2016 16:55
  Susan Jakobek has been named the first managing director of Placing
  Platform Limited (PPL), the London Market Group announced today (20
  May).
  Jakobek joins PPL from software provider Adsensa. She has three
  decades of experience in the technology sector, with particular
  experience in insurance and the broader financial services
  industry.
  PPL is the electronic placing platform that is one of the core
  initiatives of London market reform programme the target operating
  model (Tom).
  The platform is cu
  
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• Brexit and results in the news; Tasker interviewed

  20-05-2016 16:13
  
  The insurance news and Post exclusives of the past week, in case you missed it.
  
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• ABI appoints four industry ‘big-hitters’ to board

  20-05-2016 14:45
  
  Senior figures from AIG, Zurich, Prudential and Scottish Widows have been appointed to the board of the Association of British Insurers.
  
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• LMG appoints Susan Jakobek as PPL MD

  20-05-2016 14:35
  
  Susan Jakobek has been hired as managing director of Placing Platform Limited, a firm that manages the roll out of electronic placement in the London Market.
  
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• Swiss Re Corporate Solutions appoints North America CEO

  20-05-2016 13:52
  Swiss Re Corporate Solutions has appointed Ivan Gonzalez as CEO
  of its North American business, the company announced yesterday (19
  May).
  He will begin in the role from 1 July and will relocate from his
  current base in Sao Paolo to New York.
  He succeeds Bob Petrilli, who has decided to leave the reinsurer
  after 10 years as CEO of Corporate Solutions in North America.
  Gonzalez will move from his current position as CEO for Latin
  America, which he assumed...
  
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• Skuld to acquire SMA/Gerling Norway

  20-05-2016 13:52
  Norwegian protection and indemnity club Skuld has signed a
  letter of intent to acquire SMA/Gerling Norway, it announced today
  (20 May).
  The purchase would give Skuld renewal rights on SMA/Gerling
  Norway's $40mn hull and machinery book of business, which
  covers around 6,000 vessels.
  The club said any renewals would be insured with its own
  corporate paper, and would operate separately from its Lloyd's
  Syndicate 1897.
  Skuld said it intended to retain the 19-strong team at
  SMA/Gerling Norway, run by
  
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• Shulman to replace Weatherstone as Arch Europe CEO

  20-05-2016 13:52
  Arch Insurance has promoted Matthew Shulman to the role of
  president and CEO of its European business, the carrier announced
  today (20 May).
  The executive will assume the role from 1 July this year.
  He will succeed James Weatherstone, who is vacating the position
  after 12 years. Weatherstone will remain with the company until the
  end of the year to aid the transition.
  Shulman currently serves as executive vice president in the
  carrier's US business, with responsibility for executive
  assurance...
  
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• RT Specialty hires Sparling

  20-05-2016 13:52
  Ryan Specialty Group's wholesale broking arm RT Specialty has
  hired JC Sparling to its New York office, the broker announced this
  week.
  Sparling is a property wholesale broker with more than 25 years
  of experience in the (re)insurance industry.
  Prior to joining RT Specialty, he served in a variety of roles
  at companies such as CRC, Mercator Risk Services and global broker
  Marsh.
  The appointment is part of RT Specialty's plan to expand its
  presence in New York.
  Earlier this...
  
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• Probitas syndicate expands financial lines team

  20-05-2016 13:52
  Lloyd's syndicate Probitas 1492 has appointed Ernesto Medina
  as senior underwriter for financial institutions within its
  casualty team, the company announced yesterday (19 May).
  Previously a senior financial institutions underwriter at
  Zurich, Medina has experience of underwriting a large portfolio of
  international banks, asset managers and private equity and hedge
  funds.
  He has also previously held roles at Hartford Financial
  Products, including as a senior directors' and officers'
  and financia
  
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• Quiz of the week - 20 May 2016

  20-05-2016 13:27
  
  Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
  
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• Jason Anthony sets up MGA

  20-05-2016 13:11
  
  Former OIM underwriting MD has launched MGAM which is set to focus on SME business and is targeting £20m GWP.
  
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• Skuld to acquire Scandinavian Marine Agency

  20-05-2016 12:51
  
  Skuld has signed a letter of intent to purchase Scandinavian Marine Agency in a deal that would give the Oslo-based marine insurer renewal rights on the latter’s hull and machinery book.
  
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• InsurTech Futures: Why insurance isn't keeping up!

  20-05-2016 11:33
  
  Tech expert, Ran Berger, explains why insurance isn't keeping pace with the digital revolution.
  
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• Quizzical questions: 20 May 2016

  20-05-2016 11:30
  
  Test your knowledge of the week’s news with our topical news quiz.
  
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• StarStone to begin underwriting in Australia

  20-05-2016 10:54
  Enstar subsidiary StarStone (formerly Torus) has announced that it
  has applied to Australia's regulators to begin underwriting in
  the region.
  StarStone Australia will be led by Robin Barham and will target
  specialty business emanating from Australia and New Zealand on
  behalf of its Lloyd's Syndicate 1301.
  Syndicate 1301 offers marine, property, casualty and specialty
  products for small and middle market and multinational accounts.
  The new operation will provide direct access to those classes for
  
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• Brexit ‘could result in 48,000 insurance job losses’

  20-05-2016 10:53
  
  Businesses could relocate “overnight” following a Brexit, putting up to 48,000 insurance jobs at risk, according to a report.
  
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• Research editor's comment: Why we're the know-it-alls

  20-05-2016 10:40
  
  Not that long ago I was involved in a discussion about the future of the modern world and was rather astounded to hear myself speak knowledgeably on the various aspects of the topic, compared with the other participants.
  
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• Applied Systems adds QBE property owners to panel

  20-05-2016 10:31
  
  Move follows launch in March with QBE Tradesman.
  
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• Broking success: Miles better

  20-05-2016 10:30
  
  Miles Smith’s Paul Chainey and Paul Samways explain how the broker has grown by focusing on high-risk sectors and building specialisms
  
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• Zurich must target SMEs, says boss Greco

  20-05-2016 08:55
  
  Zurich chief executive Mario Greco will make the targeting of SME a big focus.
  
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• Boss Greco: Zurich general insurance making a recovery

  20-05-2016 08:55
  
  Zurich’s highly-rated new chief executive Mario Greco says the general insurance arm is ‘improving’.
  
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• Brexit will damage UK insurers and the London Market, bosses say

  20-05-2016 08:53
  
  Most UK insurance executives think that leaving the EU would severely damage the UK insurance industry and the London market, according to a study by international law firm Kennedys.
  
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• Blog: Digital initiatives shouldn't always start with the customer

  20-05-2016 08:30
  
  While attempts to modernise customer-facing technology is laudable, if back-office functions have not been updated it can counterproductive
  
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• Claims - Education: Learning lessons

  20-05-2016 08:10
  
  Amid the backflips and shifts in government policy, education remains a competitive market for insurers, with specific challenges as austerity tightens budgets
  
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• Research: State of the Risk Management Nation: Part Two: External influences

  20-05-2016 08:00
  
  In the second part of the research, risk managers tell Michèle Bacchus their thoughts about regulation, brokers,and consolidation
  
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• Ingenin and Imaginatik join forces to boost insurance innovation

  20-05-2016 08:00
  
  Imaginatik and Ingenin have formed a global partnership to provide innovation solutions for the insurance industry.
  
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