African Trade Insurance Agency, an insurer covering political and trade credit risk across 13 nations, said it’s seeing higher demand ahead of elections in Kenya next year. East Africa’s biggest economy is still haunted by sectarian violence that erupted after …
AmTrust Financial Services Inc. announced it has completed the acquisition of ANV Holdings B.V. and its affiliates from Ontario Teachers’ Pension Plan for approximately $203 million in cash. During the last 12 months ending September 30, 2016, ANV’s three managed …
Lloyd’s of London has secured approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), to provide onshore reinsurance services in India. The decision means that the Lloyd’s market is now in a position to set up …
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. The facility will allow brokers to fully bind through one underwriter, with Talbot …
Towergate has renamed its London market broking business as “Bishopsgate.” Formerly known as Towergate London Market, Bishopsgate aims to give “regional brokers better access to market, better service and better deals,” the company said in a statement. A central pillar …
Hiscox announced it has formed a new US$1 billion fine art consortium, the result of a collaboration with Ascot Underwriting. The $1 billion capacity consortium has been constructed specifically to streamline the process of placing large fine art risks within …
Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of international …
Asta, the third party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate 2689. Initially, Verto Syndicate 2689 plans to underwrite proportional reinsurance of Lloyd’s …
Cobalt Insurance Holdings Ltd. and Capita Managing Agency Ltd. (CMA) have announced they have taken a significant step in the launch of Lloyd’s first fully Shariah compliant syndicate after receiving “in principle” approval from Lloyd’s Franchise Board. Cobalt Founder Richard …
Pioneer Underwriters announces that Graeme Rayner has commenced his role as group director of underwriting, reporting to Chief Executive Officer Darren Doherty. Rayner, whose appointment was first announced in August 2016, joins from MS Amlin where, prior to Mitsui Sumitomo’s …
