XL Catlin’s insurance operations announced the appointment of Isa Ennadifi as senior underwriter, Structured Risk Solutions (SRS). She is based in London. The SRS team is a global underwriting unit that provides XL Catlin’s clients with customized solutions for large …
The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. Lamont Siller, the …
AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial motor industry, to provide an enhanced claims service to motor fleet customers by harnessing cloud-based technology. The new service, powered …
Yachtpod Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies Ltd.’s MGA formation platform to offer dedicated superyacht insurance on a worldwide basis. Yachtpod specializes in providing a “one-stop” shop for superyacht owners, captains and managers …
Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make the city its post-Brexit European hub. While Lloyd’s choice on Thursday surprised some, lower rental prices and its proximity to …
Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s combined ratio at 97.9 percent, compared with 90.0 percent in 2015. Return on capital was 8.1 percent in 2016 compared …
Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union. The Brussels’ subsidiary will aim to be ready to write business for …
Failure to strike a trade deal with the European Union by a two-year deadline would force Britain to adopt World Trade Organization arrangements, bringing with it a host of new negotiations and complications. In a nutshell, Britain would have to …
Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd’s Syndicate 3000 paper. Markel Canada, established in 1966, …
Acappella Syndicate 2014 is very pleased to announce the promotion of Jim Quinn to the new role of head of the Reinsurance Division and Matthew Bellamy to the role of head of Property Reinsurance. Both promotions are with immediate effect. …
