The Hanover Insurance Group Inc., based in Worcester, Mass, announced that Robert A. Stuchbery will assume broader responsibilities as president of international operations of The Hanover. In this role, he will oversee Chaucer’s operations and be responsible for development of …
Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of chief financial officer of Hamilton Re. Hardy Pickering, who …
Hamilton Underwriting Limited, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Simon Barrett has been appointed to the position of chief financial officer. Barrett reports to managing agency Chief Executive Officer …
Markel International, the specialist insurer, has appointed Hu Qianhai to head its business in the People’s Republic of China, based in Shanghai. Markel has had a presence in China since 2011, when it opened a representative office in Beijing and …
Beazley has joined forces with Lloyd’s syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium. The consortium will focus on providing robust data breach cover to businesses domiciled outside the United States with revenues in …
Hiscox has merged its Bermuda and London Market casualty reinsurance teams. The new division, operating under the Hiscox Re brand, and led by Nick Pascall as head of Casualty Reinsurance, controls a combined portfolio of US$50 million gross written premiums …
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 …
ProSight Specialty Insurance has appointed Michael Furgueson as managing director of ProSight Managing Agency, succeeding Bernard Mageean, who has decided to step down due to personal reasons. Furgueson takes up the post immediately, subject to all necessary regulatory approvals. ProSight …
A prolonged decline in global reinsurance prices is spurring merger moves in the sector, with many executives attending next week’s annual industry meeting in Monte Carlo eyeing who might next become predator or prey. While the $600 billion industry, which …
Neil Woodford cashed in his entire 107.5 million-pound ($166 million) stake in Amlin Plc after Tuesday’s takeover offer by a Japanese competitor sent the Lloyd’s of London insurer’s shares to a record high. The fund manager sold 16.4 million Amlin …
