Chaucer appoints Murphy to senior class underwriter role

Chaucer appoints Murphy to senior class underwriter role

Chaucer appoints Murphy to senior class underwriter role

Chaucer, the specialist Lloyd’s insurance group, has appointed Joe Murphy as senior class underwriter in the casualty division. He will write primarily US general liability business through Chaucer Syndicate 1084, with a focus on larger wholesale facultative accounts, and will report to David Barber, head of specialist lines at Chaucer Syndicates. Mr Murphy joins from HDI Global SE, where he…

AM Best upgrades credit ratings of Endurance Specialty Holdings and subsidiaries

AM Best upgrades credit ratings of Endurance Specialty Holdings and subsidiaries

AM Best upgrades credit ratings of Endurance Specialty Holdings and subsidiaries

Following the completed acquisition of Endurance Specialty Holdings by Sompo Holdings, AM Best has removed Endurance Specialty Insurance Ltd. (Bermuda) and its subsidiaries from under review with positive implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent), and the long-term issuer credit ratings (ICR) to aa- from a. AM Best has also upgraded the long-term ICR…

Chubb launches online broker platform for SME clients

Chubb launches online broker platform for SME clients

Chubb launches online broker platform for SME clients

Chubb Ignite is a new online platform for brokers and their small and medium-sized (SME) and middle market clients in the UK and Ireland. The platform allows brokers to quote and bind within minutes, with documentation available instantly online or via email, the insurer says. Backed up by underwriters who are available to answer queries and with marketing support available…

Brad Gow named head of cyber products at Endurance Specialty

Brad Gow named head of cyber products at Endurance Specialty

Brad Gow named head of cyber products at Endurance Specialty

Bermuda-based Endurance Specialty Holdings Ltd has appointed Brad Gow to the new role of global cyber product leader within Endurance Insurance. Mr Gow, who joined Endurance in March 2011, will be responsible for providing overall underwriting direction for cyber offerings across the company’s global insurance business. In this new role, he will report to Jack Kuhn, CEO of global insurance…

THB industrial cyber risk package includes alternative firewall technology

THB industrial cyber risk package includes alternative firewall technology

THB industrial cyber risk package includes alternative firewall technology

A cyber security protection package for industrial businesses has been launched by a partnership comprising broker THB in conjunction with London market insurer CNA Hardy and cybersecurity specialist Waterfall Security Solutions. Traditional cybersecurity solutions, such as firewalls and intrusion detection solutions, are failing to provide sufficient protection for industrial control systems, according to the trio. Waterfall’s proprietary Unidirectional Security Gateway…

The words on everyone’s lips

The words on everyone’s lips

The words on everyone’s lips

Cyber risk/cyber security is the most-used word or phrase encountered by insurers in 2016 according to a report from AM Best. About one-third of insurers surveyed cited cyber as the most common buzzword, while ‘low/negative interest rates’ placed second (23.1% of responses) and ‘increasing regulation’ finished third with 10.6% of respondents citing the phrase. Those surveyed were also asked about…

Tokio Marine HCC unit to acquire International Ag MGA

Tokio Marine HCC unit to acquire International Ag MGA

Tokio Marine HCC unit to acquire International Ag MGA

Producers Ag Insurance Group, Inc, part of the Tokio Marine HCC group of companies, has signed a purchase agreement to acquire crop managing general agent (MGA) International Ag Insurance Solutions, LLC. The transaction, which is subject to a number of closing conditions including final approvals by certain International Ag members and regulatory authorities, is expected to close by 3 April…

AmWINS’ Unicorn MGA hires haulage underwriter

AmWINS’ Unicorn MGA hires haulage underwriter

AmWINS’ Unicorn MGA hires haulage underwriter

US-based global broker AmWINS Group, Inc has appointed Perry Lyons as motor fleet underwriter in its London-based managing general agent Unicorn Underwriting. Mr Lyons joins from XL Catlin where his primary focus was underwriting haulage business, with an emphasis on risk managed programmes. Before XL Catlin, Lyons was a motor broker placing wholesale motor business into the London market. Unicorn…

Commercial drone use to soar in the US, FAA predicts

Commercial drone use to soar in the US, FAA predicts

Commercial drone use to soar in the US, FAA predicts

The US commercial, non-hobbyist drone (or Unmanned Aircraft Systems) fleet is forecast to grow from 42,000 at the end of 2016 to about 442,000 aircraft by 2021, with the possibility of as many as 1.6 million UAS in use by 2021, according to the Federal Aviation Administration. Pilots of commercial UAS vehicles are expected to increase from 20,000 at the…

James Tuplin joins XL Catlin to head CMT team in Europe

James Tuplin joins XL Catlin to head CMT team in Europe

James Tuplin joins XL Catlin to head CMT team in Europe

XL Catlin has poached James Tuplin from rival QBE to be its head of cyber and technology, media and telecoms, international. At QBE he was cyber and TMT portfolio manager, with responsibility for growing the insurer’s cyber portfolio in Europe. Based in London, Mr Tuplin will be responsible for underwriting cyber insurance, as well as professional indemnity insurance for the…