Ironshore boosts M&A insurance programme capacity to £100m

Ironshore boosts M&A insurance programme capacity to £100m

Ironshore boosts M&A insurance programme capacity to £100m

Ironshore International’s mergers and acquisitions and tax insurance unit has increased its consortium programme capacity to £100m, up from its current limit of £78.5m, in response to client and broker demand. The specialty unit is also announcing a new tax consortium with initial capacity of £40m. Both consortia will be able to write in combination with Ironshore’s Bermudian platform for…

TMK launches VFX and post-production media insurance

TMK launches VFX and post-production media insurance

TMK launches VFX and post-production media insurance

Tokio Marine Kiln (TMK) has launched a hybrid product, VFX and Post-Production Media Insurance, for companies specialising in online or offline editing and digital content. Post-production media insurance, which combines traditional commercial insurance with cyber and reputational management cover, was designed to address the need for insurance cover in the face of cyber attacks and accidental security breaches. Policyholders will…

AGCS promotes Mike Hansen to global head of aviation

AGCS promotes Mike Hansen to global head of aviation

AGCS promotes Mike Hansen to global head of aviation

Allianz Global Corporate & Specialty (AGCS) has named Mike Hansen as global head of aviation, effective immediately. He takes over from Henning Haagen, who was appointed northeast zone executive for North America earlier this year and has been managing dual responsibilities in the interim. Mr Hansen, who currently oversees the North American aviation business of AGCS, will relocate from Canada…

Blend launches in Sydney after renewal deal with Beazley

Blend launches in Sydney after renewal deal with Beazley

Blend launches in Sydney after renewal deal with Beazley

A newly approved Lloyd’s syndicate service company, Blend Insurance Solutions, has been launched in Sydney following a deal with Beazley Underwriting to secure renewal rights to its local accident and health portfolio in Australia. The renewal rights to Beazley’s local portfolio gives the startup an immediate presence in Australia and New Zealand. With the backing of established and respected parent…

Globe Underwriting launches marine division

Globe Underwriting launches marine division

Globe Underwriting launches marine division

Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led by Peter Rogers, head of marine, and David Dymond, head of underwriting. They will report to Gary Corke, CEO, Globe Underwriting. Prior to joining Globe Underwriting, the team worked together for nearly 20 years at Tokio Marine Kiln and International…

Advent launches ancillary product portal for brokers

Advent launches ancillary product portal for brokers

Advent launches ancillary product portal for brokers

Advent Solutions Management, the startup incubator and insurtech investor, has launched a portal-based provider of specialist ancillary products to brokers. Sparta, part of Advent Solutions Management, employs sophisticated technology that intuitively suggests related ancillary products based on broker input about their client, Advent said. The portal also displays a client’s previous insurance purchase history to further aid broker cross-selling. Steve…

Munich Re backs groundbreaking EIL solution

Munich Re backs groundbreaking EIL solution

Munich Re backs groundbreaking EIL solution

Munich Re has partnered with a firm in the US that remediates polluted sites, to offer a groundbreaking substitute performance cover. The idea is to provide a low risk method for eliminating brownfield financial and environmental liabilities. Financial Technology Leverage, a Menlo Park financial services firm, facilitated the creation of the partnership. California-based Reterro provides owners of distressed brownfield properties…

W.R. Berkley Corp makes $12m settlement with California supervisor

W.R. Berkley Corp makes $12m settlement with California supervisor

W.R. Berkley Corp makes $12m settlement with California supervisor

W.R. Berkley Corporation has made a $12m settlement with the California Insurance Commissioner, after it was found to be transacting surplus lines insurance in the state without a licence. W.R. Berkley operating units Admiral Insurance Co, Admiral Risk Insurance Services Inc nka BXM Insurance Services Inc, and other self-disclosed entities all agreed to settlements for licensing violations and unlawfully transacting…

XL Catlin adds to Canadian EIL underwriting team

XL Catlin adds to Canadian EIL underwriting team

XL Catlin adds to Canadian EIL underwriting team

XL Catlin has added two new members to its Canadian environmental insurance team. Marc Estrada joins from AIG as environmental team lead, while Brian Hughes joins from Zurich as assistant vice-president for environmental underwriting. Mr Estrada and Mr Hughes are both based in Toronto and report to Joseph Madigan, environmental regional manager for Canada. Mr Estrada specialised in underwriting contractors…

Uptick in cyber cover take-up noted by US brokers

Uptick in cyber cover take-up noted by US brokers

Uptick in cyber cover take-up noted by US brokers

A steady increase in take-up of cyber insurance among clients is occurring, according to insurance brokers in the US. They also noted that premium prices continue to stabilise. The Council of Insurance Agents & Brokers’ (CIAB) Cyber Insurance Market Watch Survey also found that clients are beginning to ask the right questions as they become more familiar with the risk,…

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