FM Global Names New Chief Officers of Underwriting and Client Experience FM Global, the Johnston, R.I.-based commercial property insurer, has promoted two of its senior leaders into new roles. Lyndon D. Broad has been appointed senior vice president, chief underwriting …
In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published …
The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers tend to hold a …
Beazley Plc Chief Executive Officer Andrew Horton said the company’s return on equity of 19 percent in 2015 isn’t sustainable against a backdrop of increased competition and falling insurance rates. “Margins are bound to come under pressure,” the CEO said …
Lloyd’s of London insurer Amlin plc announced the completion of its acquisition by Mitsui Sumitomo Insurance Co. Ltd., a wholly owned subsidiary of MS&AD Insurance Group Holdings Inc., following receipt of regulatory and legal approvals. MSI has acquired the entire …
Amlin plc, the London-based specialist insurer, announced the successful completion on Jan. 4 of the cross-border merger of two of its insurance company subsidiaries, Amlin Europe N.V. and Amlin Insurance (UK). The combined post-merger insurance company is called Amlin Insurance …
Amlin plc, the specialist international insurer, has appointed Lucas Castagnino as lead underwriter, as momentum behind the build out of its Latin America underwriting activities gathers pace. With experience in the Latin American reinsurance market, Castagnino joins from SCOR’s Latin …
Eight Lloyd’s syndicates are joining forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. Emerging economies across Latin America, Africa, and Asia currently contribute 40 percent to …
The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd’s has requests for about 160 so-called …
Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much. Deal-making will continue after Tokyo-based MS&AD Insurance Group Holdings Inc. agreed last week …
