Insurance news

• Willis Re names McDowell as Bermuda head

  22-08-2016 18:18
  Chris McDowell has resigned as Bermuda CEO of Aon Benfield's
  global re-specialty division and will become CEO of Willis Re
  Bermuda, as revealed by sister publication Trading
  Risk.
  From 1 January retro specialist McDowell will succeed Michael
  Harden, who will become president of Willis Re Asia Pacific.
  McDowell began his career in 1985 at EW Payne in London. He
  joined the Willis Group in 1990, originally working for Carter
  Wilkes & Fane, where he rose to executive director in the...
  
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• PartnerRe appoints Ogut and Srinivasan to board

  22-08-2016 16:37
  Bermudian reinsurer PartnerRe has appointed Bilge Ogut and Nikhil
  Srinivasan to its board.
  Ogut is head of private equity in Europe for private markets
  investment management firm Partners Group.
  Prior to joining the company she was deputy head of private
  equity at Standard Bank International, having previously spent
  around 12 years with investment firm Warburg Pincus from 1998.
  Srinivasan currently serves as group chief investment officer
  (CIO) for Italian carrier Generali. He also sits on the g
  
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• Ecclesiastical promotes Chris Withers to head of broker distribution

  22-08-2016 16:17
  
  Withers, who joined last year, takes on the newly created role as well as continuing with the regional development of real estate business.
  
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• Listen: Insurance Times Awards judges reveal what makes a winning entry

  22-08-2016 15:59
  
  Insurance Times Awards 2016 judges outline what makes a winning entry - listen now
  
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• Listen: Insurance Times Awards judges on writing a winning entry

  22-08-2016 15:59
  
  Insurance Times Awards 2016 judges outline what makes a winning entry - listen now
  
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• Nine out of 10 SMEs without cyber insurance

  22-08-2016 15:57
  
  Majority of SMEs do not have cyber insurance in place, new study finds 
  
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• Amlin launches e-trade product as it plots regional SME expansion

  22-08-2016 15:41
  
  MS Amlin has significant growth ambitions for the UK
  
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• Everest syndicate hires Bailey for A&H

  22-08-2016 15:17
  Everest Re's Lloyd's Syndicate 2786 has hired Scott
  Bailey to head up its accident and health (A&H) offering,
  The Insurance Insider can reveal.
  The former global A&H head at Sompo Canopius will begin his
  new role today, reporting to the syndicate's active underwriter
  Paul Kneafsey.
  He will focus on acquiring business outside of North America to
  expand the syndicate's geographic reach.
  It is understood Bailey departed Sompo Canopius in February,
  just four months after joining from his pre
  
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• MS Amlin unveils property owners product on Acturis

  22-08-2016 14:57
  
  Insurer says more products will follow.
  
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• Top 50 Brokers 2016 launches

  22-08-2016 14:25
  
  Changes revealed as IMAS and Insurance Times unveil latest Top 50 Brokers ranking
  
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• Top 50 Brokers 2016: Who’s joined the ranks

  22-08-2016 13:58
  
  Find out who the newcomers are in this year’s Top 50 Brokers
  
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• Top 50 Brokers 2016: IMAS picks its star performer

  22-08-2016 13:58
  
  M&A adviser applauds the most impressive companies in this year’s Top 50 Brokers
  
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• Former Travelers CEO Jay Fishman dies at 63

  22-08-2016 12:36
  
  Former Travelers CEO Jay Fishman died on Friday in his New Jersey home following a battle with a neuromuscular condition.
  
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• Whittaker named EPUL managing director

  22-08-2016 12:29
  Commercial property managing general agent (MGA) European Property
  Underwriting Ltd (EPUL) has promoted Andrew Whittaker to managing
  director.
  In a statement released today the adviser and carrier said
  Whittaker would continue to report to chief executive Ian
  Dopson.
  He had served as a director at the company from October
  2013.
  Prior to joining EPUL Whittaker was a director at Towergate for
  over 14 years from 1999, before which he held a number of
  underwriting roles including senior underwriter
  
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• Clear Insurance Management joins Group Risk Development

  22-08-2016 11:25
  
  Clear Insurance Management has joined Group Risk Development, the trade body for advisers, providers and reinsurers operating in the group risk market.
  
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• Standard Syndicate adds three lines

  22-08-2016 11:19
  The Standard Syndicate has expanded its underwriting focus into
  political risk, political violence and terrorism, and fine art and
  specie.
  Syndicate 1884 has hired three senior class underwriters to lead
  the new offerings, appointing Alexandra de Souza Mattos as
  underwriter for political violence and terrorism, Hubert
  Bélanger as class underwriter for political risk and Joshila
  Tailor as class underwriter for fine art and specie lines.
  Tailor joins from Pembroke, having been an underwrite
  
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• Former Willis director sentenced over $2mn fraud

  22-08-2016 11:19
  Former Willis Towers Watson executive director Simon Higginson has
  been sentenced to five years imprisonment over a conspiracy to
  defraud the broker of over $2.3mn.
  The UK Crown Prosecution Service (CPS) said Higginson and his
  partner Lee Willis ran a sophisticated fraud scheme involving the
  identity theft of a business contact.
  Willis was sentenced to four years in jail at Southwark Crown
  Court last week for his involvement in the scheme.
  The pair were first arrested last year on suspicion...
  
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• ArgoGlobal appoints O'Gorman marine chief

  22-08-2016 11:19
  Argo's Lloyd's arm ArgoGlobal has hired Steve
  O'Gorman as its new head of marine, the company announced
  today.
  O'Gorman will take up the role with immediate effect and
  will report to director of underwriting and active underwriter
  Bruno Ritchie.
  The carrier said former marine head Philip Thorpe-Apps would
  take on an "expanded position" as global head of marine
  and energy.
  O'Gorman joins the company from CNA Insurance, where he
  previously served as European underwriting director for transport
  and
  
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• AM Best upgrades TransRe to A+

  22-08-2016 11:19
  AM Best has upgraded the financial strength rating of TransRe
  from A to A+ after the reinsurer signed an underwriting agreement
  with Gen Re.
  The five-year deal, announced in July, will allow brokers and
  intermediaries to access Berkshire Hathaway subsidiary Gen Re's
  traditionally direct-only capacity througha new underwriting platform managed by TransRe.The rating agency said the deal would bolster the company's
  business profile, with the additional capacity expected to enhance
  TransRe's overall
  
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• Standard Syndicate extends range of cover and appoints new underwriters

  22-08-2016 10:49
  
  The Standard Syndicate 1884 has extended its range of insurance cover and expanded its underwriting team as new appointments and risk covers list high on the company’s agenda.
  
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• Travelers mourns loss of former boss Jay Fishman

  22-08-2016 09:44
  
  Jay Fishman who was 63 years old had Lou Gehrig’s Disease
  
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• #insagepeople 22 - 28 August

  22-08-2016 09:42
  
  Keep up to date with who is where in the world of insurance with our live updates.
  
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• Former Willis director jailed for defrauding broker

  22-08-2016 09:13
  
  Simon Higginson was jailed for five years for his part in defrauding Willis out of £1.7m
  
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• Charles Taylor syndicate expands range of cover and grows team

  22-08-2016 09:00
  
  Syndicate 1884 outlines new underwriting appointements and risk covers 
  
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• Finland's driverless buses would 'fall at first hurdle' in UK

  22-08-2016 08:30
  
  Driverless buses would not work in the UK, says Digital Realty’s Green
  
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• Finland's driverless buses will 'fall at first hurdle' in UK

  22-08-2016 08:30
  
  Driverless buses would not work in the UK, says Digital Realty’s Green
  
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• Legal: Catastrophic injury cases need greater transparency

  22-08-2016 08:00
  
  Since 1999 there has been a continuous effort to make personal injury litigation more efficient and more economical but the same is not true for transparency.
  
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• Chubb expands Clifford's role in Asia-Pacific

  22-08-2016 04:43
  
  Chubb's regional head of casualty for Asia-Pacific Adam Clifford has been given an expanded role.
  
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• Chiu takes on Zurich global corporate role in Hong Kong

  22-08-2016 04:30
  
  The founder of Dual Asia has been given a different role at Zurich Hong Kong after running financial lines for Greater China.
  
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• IAG posts solid results in "challenging conditions"

  22-08-2016 04:20
  
  Australian-headquartered IAG giant saw after tax profits fall 14% but insurance profits climb 6.8% for the full year ending 30 June.
  
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• IAG grows Asia GWP to A$757m

  22-08-2016 03:57
  
  In the last financial year Australian-headquartered insurer IAG grew its gross written premiums in Asia, outside of China, 7.5% to A$757m (£582m).
  
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