coverholder News

Specialist Insurer Beazley Takes 30% Stake in Hong Kong Coverholder Pegasus

Beazley, the London-based specialist insurer, is making a strategic investment in Hong Kong-based coverholder, Pegasus Underwriting Ltd. The investment will see Beazley become a 30% shareholder in Pegasus. Beazley said it began working with Pegasus in January 2019 under an …

Neon Taps Boorman from Probitas Syndicate 1492 as Head of Financial Lines

Neon has appointed Charles Boorman as head of Financial Lines and Ian West as director of Major Client Relations. Boorman brings 25 years of experience in the industry, most recently at Probitas Syndicate 1492 as head of Financial Lines. Prior …

ICAT Syndicate 4242 & Neon Partner to Underwrite Large U.S. Property

ICAT Syndicate 4242 at Lloyd’s, a U.S. catastrophe-exposed property underwriter, and Neon, a specialist Lloyd’s underwriter, have partnered in a reciprocal capacity arrangement to bring additional per risk capacity to the Bermuda property direct & facultative (D&F) market. This strategic …

Ironshore’s Pembroke Agency Partners with Old Mutual for Africa Risks

Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks. Pembroke’s Lloyd’s Syndicate 4000 partners with Old Mutual Specialty Insurance, to offer coverage for multiple property, casualty …

Insurance Noodle Appointed as Lloyd’s Coverholder

Insurance Noodle, the online, membership-based insurance placement platform, has been appointed a coverholder with Lloyd’s of London and is now authorized to underwrite and insure accounts on behalf of certain Lloyd’s underwriting syndicates. The position grants Insurance Noodle access to …

Beazley Expands Marine Business by Buying Subsea Specialist Leviathan Facility

Beazley, a provider of specialist marine insurance, is expanding its marine offerings with the acquisition of London-based subsea specialist The Leviathan Facility. Beazley will acquire the majority of their existing book and renewal rights. In addition, principal Leviathan underwriters, Simon …

Ironshore International Buys Sydney-Based Savannah Insurance Agency

Ironshore International has acquired the Savannah Insurance Agency of Sydney, Australia, effective immediately. The Savannah Agency team of underwriters will join Ironshore Australia offices, broadening its regional presence by offering select specialty business lines. Katherine Simmonds, managing director of Ironshore …

Ryan Specialty Completes Purchase of M&A Specialist Hunter George & Partners

Ryan Specialty Group, the Chicago-based global specialty insurance services business, has completed its acquisition of Hunter George & Partners Ltd., the London-based specialist managing general agent, focused on providing insurance solutions for mergers and acquisitions. The deal, which was previously …

Ryan Specialty Acquires UK’s Hunter George & Partners, M&A Specialist MGA

Ryan Specialty Group (RSG), the Chicago-based global specialty insurance services business, has reached an agreement to acquire Hunter George & Partners Ltd., the London-based specialist managing general agent (MGA) focused on insurance solutions for mergers and acquisitions. Hunter George founders …

Atlas General Announces Tribunalization with Lloyd’s of London

San Diego, CA, 11/4/13 – Atlas General Insurance Services, LLC, is pleased to announce that it has formally completed the “tribunalization” process with Lloyd’s of London. This authorizes Atlas as a coverholder, giving direct access to the Lloyd’s market. This …