london city abstract

Ardonagh’s results hit by £51mn Towergate compensation bill

2018-04-20T08:50:00+01:00

Ardonagh Group’s dismal £260.9mn 2017 FY loss was exacerbated by a more than £50mn charge thought to be related to claims against one of its companies Towergate, which was forced to payout millions in compensation over a pensions advice scandal.

Ross

Towergate and Price Forbes owner Ardonagh Group posts £261mn loss

2018-04-19T10:58:00+01:00

Ardonagh Group, which owns London market wholesaler Price Forbes and UK retail broker Towergate, saw 2017 losses increase more than five-fold to £260.9mn ($370.3mn) driven in part by a surge in “regulatory costs”.

arita chatterjee

Envelop Risk to launch Bermuda cyber platform with Chatterjee hire

2018-04-19T08:52:00+01:00

Hannover Re’s Bermuda-based cyber expert Aritra (Ari) Chatterjee has joined start-up Envelop Risk as chief underwriting officer and will launch an underwriting platform on the island later this year, re-Insurance.com can reveal.

Marsh&McLclennan, logo

Marsh exits begin just days after Doyle unveiled cost-cutting plan

2018-04-17T13:50:00+01:00

The exodus from Marsh began last week just days after John Doyle, the boss of the big-three broker, unveiled details of a “delayering” strategy on a conference call revealed by re-Insurance.com.

Asia, Hong Kong

MGA NuVu Underwriting launches in Hong Kong

2018-04-16T12:56:00+01:00

Former Nexus Asia CEO Jeremy Austen has joined HWI International Group to launch NuVu Underwriting, a managing general agent based in Hong Kong.

Chris Lay

Marsh appoints Chris Lay CEO for UK and Ireland as Weil exits

2018-04-13T08:35:00+01:00

Broking house Marsh has named Chris Lay as CEO of its UK and Ireland operations.

Marsh&McLclennan, logo

Marsh exits begin just days after Doyle unveiled cost-cutting plan

2018-04-17T13:50:00+01:00By

The exodus from Marsh began last week just days after John Doyle, the boss of the big-three broker, unveiled details of a “delayering” strategy on a conference call revealed by re-Insurance.com.

Chris Lay

Marsh appoints Chris Lay CEO for UK and Ireland as Weil exits

2018-04-13T08:35:00+01:00By

Broking house Marsh has named Chris Lay as CEO of its UK and Ireland operations.

Marsh&McLclennan, logo

Infrastructure boss Charnaud the latest head to roll in Marsh cull

2018-04-12T14:45:00+01:00

Marsh veteran and the chairman of its global infrastructure practice Edwin Charnaud is set to be the latest senior executive to leave his role as the big three broker tries to cut costs amid a huge restructure, re-Insurance.com understands.

london city abstract

Ardonagh’s results hit by £51mn Towergate compensation bill

2018-04-20T08:50:00+01:00By

Ardonagh Group’s dismal £260.9mn 2017 FY loss was exacerbated by a more than £50mn charge thought to be related to claims against one of its companies Towergate, which was forced to payout millions in compensation over a pensions advice scandal.

arita chatterjee

Envelop Risk to launch Bermuda cyber platform with Chatterjee hire

2018-04-19T08:52:00+01:00

Hannover Re’s Bermuda-based cyber expert Aritra (Ari) Chatterjee has joined start-up Envelop Risk as chief underwriting officer and will launch an underwriting platform on the island later this year, re-Insurance.com can reveal.

Asia, Hong Kong

MGA NuVu Underwriting launches in Hong Kong

2018-04-16T12:56:00+01:00By

Former Nexus Asia CEO Jeremy Austen has joined HWI International Group to launch NuVu Underwriting, a managing general agent based in Hong Kong.