London market News

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 …

International General Insurance Co. Appoints Mauduit as Head of PI

International General Insurance Holdings (IGIH)* has appointed Chris Mauduit as head of professional indemnity (PI) at its London business IGI UK. Mauduit has 35 years’ experience and joins from Catlin where he worked since 2003, setting up the company’s PI …

London’s Development of Islamic Products Enhances Position as Insurance Hub

Islamic financial activity in London is developing a growing maturity, the chief executive of the International Underwriting Association (IUA), stated. Dave Matcham pointed to the growth of commercial sharia compliant products as an important example of the innovation required by …

CNA Hardy Launches New Website

CNA Hardy has unveiled the company’s new website (www.cnahardy.com ), which it said is “designed to showcase the combined strengths and capabilities of the organization.” CNA Hardy, acting through Hardy (Underwriting Agencies) Limited and CNA Insurance Company Limited, are independent …

Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business

London-based Endeavour Insurance Services* has appointed David Price as divisional director to drive further growth of the company’s specialist business across its U.S. and Canadian accounts. Price’s role will be to work with Endeavour’s broking and producer support teams in …

Hiscox Merges Casualty Reinsurance Teams; Pascall Leads New Team

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 …

Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project

Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the Paramount Studios-backed project is set to transform the Swanscombe …

AEGIS London Appoints King to Underwrite Global PI Book

Underwriter Martin King has been appointed to help expand AEGIS London’s professional indemnity (PI) capabilities and product offering. King joins from Novae, where he was unit head for PI and directors & officers. King has worked in the insurance market …

Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event

UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to an event on the scale of the 9/11 attacks, Hiscox Ltd. said. Unless the Prudential Regulation Authority, or PRA, can …

London Imports Climate-Related Risks Through Insurers, Supply Chains

London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects. More than half of FTSE 100 companies and 60 …