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23
Apr
2018
LMA report finds widespread use of cyber exclusions in many classes
Posted on 23rd April 2018  by Mazin Shammas  and has No comment

The Lloyd’s Market Association (LMA) has produced a report for its members, ‘Cyber Risks & Exposures Model Clauses: Class of Business Review’. The report includes a comprehensive review by class of non-affirmative and affirmative coverage and commonly used exclusions. In most classes covering physical damage losses, […]

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23
Apr
2018
Alesco adds top industry broker to 50-strong construction team
Posted on 23rd April 2018  by Mazin Shammas  and has No comment

Alesco Risk Management Services (Alesco) — the specialist insurance and risk management broker – today announces the appointment of Martin Hiller as chairman of the business’ UK construction team. Hiller will join Alesco later this year and will report to John Thompson, managing director of construction. […]

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20
Apr
2018
TMK in strategic agreement with Australian Insurtech firm Evari
Posted on 20th April 2018  by Mazin Shammas  and has No comment

Tokio Marine Kiln (TMK), the leading specialist and corporate insurance business, today announced a strategic agreement with Australian Insurtech firm Evari. The agreement will allow TMK to access Evari’s digital insurance platform and on-demand products in the Australian market. The Perth-based firm has developed insurance for […]

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16
Apr
2018
AXIS launches Cyber Center of Excellence
Posted on 16th April 2018  by Mazin Shammas  and has No comment

Addressing the more than $445 billion cost that companies incur each year due to the threat of cybercrime and cyberattacks, AXIS Capital Holdings Limited (“AXIS Capital” or “AXIS”) (NYSE: AXS) today announced the launch of the AXIS Cyber Center of Excellence. It will provide a broad […]

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13
Apr
2018
Argo Group appoints Giovanni Tucci to lead Ariscom
Posted on 13th April 2018  by Mazin Shammas  and has No comment

Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance, today announced the appointment of Giovanni Tucci as Managing Director of Ariscom following the recent acquisition by Argo Group in March 2018. Tucci takes up his role on April 30 and […]

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12
Apr
2018
Asta strengthens actuarial capabilities with appointment of Laura McMaster
Posted on 12th April 2018  by Mazin Shammas  and has No comment

Asta, the leading third party managing agent at Lloyd’s, today announces the appointment of Laura McMaster as deputy chief actuary. She takes up her role on 16th April and will report to Richard Barke, chief actuary. McMaster brings a decade and a half of actuarial experience […]

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11
Apr
2018
Compre poised for growth under Bridger and Lawson
Posted on 11th April 2018  by Mazin Shammas  and has No comment

Compre, the independent legacy acquirer, announces today that Will Bridger and Mark Lawson have taken over as joint CEOs from Compre co-founder Nick Steer. Under the co-CEO-ship of Bridger and Lawson, Compre is set for strong, sustained growth, drawing on the leadership strengths and combined experience […]

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11
Apr
2018
ArgoGlobal strengthens accident and health division with appointment of Paul Blunden as medical class underwriter
Posted on 11th April 2018  by Mazin Shammas  and has No comment

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced the appointment of Paul Blunden as medical class underwriter. Blunden takes up his role immediately and will report to John Moffatt, head of specialty. Blunden brings more than 30 years of industry experience to ArgoGlobal. […]

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05
Apr
2018
TMK promotes Alex Dugand to regional managing director, Asia
Posted on 5th April 2018  by Mazin Shammas  and has No comment

Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, today announced the promotion of Alex Dugand to regional managing director, Asia. Dugand takes up the role with immediate effect and will report to James Dover, group chief financial officer, TMK. In this new […]

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03
Apr
2018
LMA announces new Board members for 2018
Posted on 3rd April 2018  by Mazin Shammas  and has No comment

The Lloyd’s Market Association (LMA) has announced four successful candidates for membership of its Board, following the recent nomination process. Effective from the AGM on 31 May 2018, one new and three re-appointed Board members are: David Croom-Johnson, Managing Director, Aegis Managing Agency Ltd (newly appointed) […]

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29
Mar
2018
Canopius appoints Rebecca Marsden as credit and political risk underwriter
Posted on 29th March 2018  by Mazin Shammas  and has No comment

Canopius AG (“Canopius”) today announces the appointment of Rebecca Marsden as credit and political risk underwriter. Marsden will join Canopius later in the year from AXA Africa Specialty Risks, where she is currently political risk and credit underwriter.  She has broad ranging experience across broking and […]

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27
Mar
2018
Froese elected to LMA Aviation Committee
Posted on 27th March 2018  by Mazin Shammas  and has No comment

Dirk Froese, Head of Aviation at Beazley has been elected to the Lloyd’s Market Association’s (LMA) Aviation Committee following a recent ballot at Lloyd’s. In addition, Peter Wakefield, Head of Aviation at Chaucer and Christopher Collins, Head of Aviation at Talbot, have been re-elected and all […]

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27
Mar
2018
TMK joins forces with intelligence experts to help customers thwart cyber attacks and prepare for GDPR
Posted on 27th March 2018  by Mazin Shammas  and has No comment

Tokio Marine Kiln (TMK), the leading specialist and corporate insurance business, today launched Cyber Ctrl; a new insurance and services policy to protect clients against the impact of cyber attacks. Addressing an overwhelming demand for more comprehensive coverage and prevention services, Cyber Ctrl gives businesses practical […]

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26
Mar
2018
DARAG announces formation of strategic partnership with New Nordic Advisors
Posted on 26th March 2018  by Mazin Shammas  and has No comment

DARAG, a leading European legacy acquirer, and New Nordic Advisors (“New Nordic”), a London-based investment management company, today announced the formation of a strategic partnership. DARAG and New Nordic will join forces in a number of project areas, including the provision of legacy, active business and […]

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23
Mar
2018
Argo Insurance Bermuda launches wage and hour liability insurance
Posted on 23rd March 2018  by Mazin Shammas  and has No comment

Argo Insurance Bermuda, a member of Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced the launch of its wage and hour (W&H) liability insurance product. The product is underwritten by the professional lines team in Bermuda. […]

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22
Mar
2018
Pool Re hails Government action to close the terrorism insurance gap
Posted on 22nd March 2018  by Mazin Shammas  and has No comment

Pool Re today welcomed the Government’s commitment to amend the 1993 Reinsurance (Acts of Terrorism) Act to enable it to extend its cover to include non-damage business interruption losses resulting from acts of terrorism. The reinsurer is currently restricted by the 1993 Act only to pay […]

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22
Mar
2018
Ascent appoints James Weatherstone as non-executive chairman
Posted on 22nd March 2018  by Mazin Shammas  and has No comment

Ascent Underwriting today announces the appointment of James Weatherstone as non-executive chairman, subject to regulatory approval. Weatherstone’s extensive experience in scaling international businesses will provide additional capability to Ascent to expand its global distribution base, broaden its product offering and attract high-quality talent as the business […]

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21
Mar
2018
TMK appoints Stuart Chamberlain as senior casualty underwriter
Posted on 21st March 2018  by Mazin Shammas  and has No comment

TMK, the leading international specialist and corporate insurance business, has appointed Stuart Chamberlain as senior casualty underwriter, reporting to Paul Woodward, head of UK liability (distribution) and Europe. Stuart brings extensive experience to the role and has an excellent reputation in the northern UK regional market, […]

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21
Mar
2018
Paul Rayner to be appointed to Paraline Group Board
Posted on 21st March 2018  by Mazin Shammas  and has No comment

The Paraline Group (“Paraline”), the insurance industry investor, today announces that Paul Rayner is to join the group board. In addition, he will be appointed active underwriter of Paraline Syndicate 4242 and SPA 6123 in April, subject to regulatory approval. Rayner brings over 18 years of […]

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20
Mar
2018
Capsicum Re to serve as reinsurance broker for the IMAGIN mortgage pilot program
Posted on 20th March 2018  by Mazin Shammas  and has No comment

Capsicum Re, the specialist reinsurance broker, today confirms its role as reinsurance broker working with the Arch Capital Group Ltd.’s (NASDAQ:ACGL) new Washington D.C. based subsidiary, Arch MRT, on the new mortgage credit risk transfer program, ‘IMAGIN’ (Integrated Mortgage Insurance). Working in conjunction with Arch, Capsicum […]

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