WTW, building

Carriers finally ‘called time’ on rate reductions: Willis

2018-02-19T12:41:00+00:00

“Already on the ropes and fatigued” (re)insurers have finally “responded to the towel entering the ring” to call time on rate reductions, according to a report from Willis Towers Watson.

Hurricane irma satshot

Lancashire execs buy stock after heavy falls

2018-02-19T10:08:00+00:00

A number of Lancashire’s leading executives and directors bought up shares in the carrier as trading came to a halt last Friday following a week in which a catastrophe-scarred set of Q4 results sent the stock down over 14 percent.

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Lloyd’s legacy deals sealed by Enstar and R&Q

2018-02-19T08:34:00+00:00

Randall and Quilter (R&Q) has completed a £30mn deal to take on the old Sportscover legacy book, now owned by Hamilton’s Lloyd’s platform in what is the second agreement of its type to be announced in less than a week.

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Nexus appoints Panmure Gordon as it eyes stake sale

2018-02-16T15:35:00+00:00

London-based managing general agent Nexus has appointed investment bank Panmure Gordon as it ramps up efforts to sell a portion of the business, re-Insurance.com understands.

Prem watsa

Fairfax takes $185mn wildfire hit as Allied World deal hits profits

2018-02-16T08:26:00+00:00

The wildfires that ravaged the state of California in the fourth quarter are expected to cost Fairfax - through its numerous subsidiaries - a total of $185.4mn.

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UPDATE: Lancashire sheds 10% as market punishes Q4 losses

2018-02-15T08:42:00+00:00

Shares in London-listed (re)insurer Lancashire have plunged nearly 10 percent as investors scrutinised a catastrophe-scarred set of Q4 results.

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Lloyd’s legacy deals sealed by Enstar and R&Q

2018-02-19T08:34:00+00:00By

Randall and Quilter (R&Q) has completed a £30mn deal to take on the old Sportscover legacy book, now owned by Hamilton’s Lloyd’s platform in what is the second agreement of its type to be announced in less than a week.

nexus logo

Nexus appoints Panmure Gordon as it eyes stake sale

2018-02-16T15:35:00+00:00By

London-based managing general agent Nexus has appointed investment bank Panmure Gordon as it ramps up efforts to sell a portion of the business, re-Insurance.com understands.

lloyd's

Nexus preps for sale by hiring ex-AmTrust CUO

2018-01-17T12:44:00+00:00

London-based specialty MGA Nexus has revealed plans to sell a portion of its equity as it announced that former chief underwriting officer for AmTrust’s Lloyd’s operation had joined to run its insurance and reinsurance operations.

Ken Randall

R&Q’s share price leaps after £20mn disposal; 130 employees affected

2018-01-15T12:04:00+00:00

London-listed Randall & Quilter (R&Q) saw its share price climb to a 3+ year high after announcing another milestone in its strategy of simplifying its business operations.

City of London

AFL Insurance Brokers bolsters wholesale property team with two hires

2018-02-13T16:23:00+00:00By

Barry Rowland has joined the broker, owned by former-Cooper Gay CEO Toby Esser, as director of property and casualty.

Lloyd's

StarStone swoops on ArgoGlobal for crisis management underwriter

2018-02-12T10:32:00+00:00By

StarStone has appointed Andrew Summers senior political risk underwriter to join its newly launched crisis management division.

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Hiscox shifts US chief to new London global retail unit

2018-02-08T09:23:00+00:00By

Hiscox has moved its US CEO Ben Walter to London to head up a newly-formed global retail division from the beginning of July.

lloyds sign

Lloyd’s bolsters Franchise Board with three appointments

2018-02-06T12:44:00+00:00By

Lloyd’s of London has named Mike Bracken, Nigel Hinshelwood and Fiona Luck to the Franchise Board as non-executive directors.