Chubb promotes Tara Parchment to lead its HNW business in Europe

Chubb promotes Tara Parchment to lead its HNW business in Europe

Chubb promotes Tara Parchment to lead its HNW business in Europe

Chubb has promoted Tara Parchment, vice-president, personal risk services, UK & Ireland, to head its European personal risk services division. Ms Parchment will have responsibility for the performance of the company’s high net worth personal lines business in the UK and continental Europe. Ms Parchment has more than 20 years of insurance industry experience at Chubb, including a spell as…

Kingsbridge announces appointment of James Twining as CEO

Kingsbridge announces appointment of James Twining as CEO

Kingsbridge announces appointment of James Twining as CEO

Kingsbridge, the UK provider of specialty insurance services to contractors, freelancers and the recruitment and utilities industries, has appointed James Twining as its group chief executive. Mr Twining was group commercial director of Jardine Lloyd Thompson, a role encompassing group strategy, M&A and marketing. During his time there, he also acted as chairman and chief executive of its former Thistle…

Novae Group partners with Lloyd’s Illinois on cyber security education

Novae Group partners with Lloyd’s Illinois on cyber security education

Novae Group partners with Lloyd’s Illinois on cyber security education

The cyber team at Novae, the Lloyd’s insurer, delivered its Understanding Cybersecurity and Insurance (UCS-I) course to brokers at Lloyd’s Illinois this week. The course was presented by Sharif Gardner, cyber training manager at Novae. It has been approved for six hours of continuing education credits by the Illinois Department of Insurance. Novae has already hosted a number of sessions…

Markel to acquire electrical contractors insurance company

Markel to acquire electrical contractors insurance company

Markel to acquire electrical contractors insurance company

Markel International, the London-based specialist insurer, has announced that it is planning to acquire the business of EC Insurance Co (ECIC). ECIC, whose ultimate parent is the Electrical Contractors’ Association (ECA), provides a wide range of insurance products for contractors and affinity groups across the UK building services sector. Contracts for the sale have been signed, following approval by the…

BMS launches new European venture in Spain

BMS launches new European venture in Spain

BMS launches new European venture in Spain

Independent insurance and reinsurance broker BMS Group has launched a new European venture, BMS Iberia. The new venture will provide BMS with a long-term solution for accessing business in the EU post-Brexit. BMS said the launch of BMS Iberia is consistent with its “global integrated hub-and-spoke strategy” and will complement its existing international operations, focusing at the outset on a…

Ed expands PI and executive risks business with Guernsey license

Ed expands PI and executive risks business with Guernsey license

Ed expands PI and executive risks business with Guernsey license

Ed, the global specialty broker, has obtained a commercial insurance intermediary licence from the Guernsey Financial Services Commission. Nick Bachmann has been appointed as divisional director of professional and executive risks to direct the expansion of Ed’s business on the island. He will report to James Baird, director, professional and executive risks. Mr Baird said: “Obtaining a licence in Guernsey…

Cyber insurance loss index launched by Verisk PCS

Cyber insurance loss index launched by Verisk PCS

Cyber insurance loss index launched by Verisk PCS

Property Claim Service (PCS), part of Verisk Analytics, has launched a global cyber insurance loss index. Called PCS Global Cyber, the index is live and available for users to start trading insurance-linked securities with immediate effect. Insurers and reinsurers can use the index to hedge against cyber losses. In a statement, PCS Verisk Insurance Solutions spokesman Tom Johansmeyer said: “Cyber…

Chaucer Dublin establishes London branch

Chaucer Dublin establishes London branch

Chaucer Dublin establishes London branch

Chaucer, the specialist insurance group, has received authorisation from the UK’s Prudential Regulatory Authority to establish a branch of Chaucer Insurance Company DAC, the company’s Dublin-based subsidiary, in London. The new London branch will write a range of international specialty insurance and reinsurance business. In a statement, Chaucer said the London branch, together with Lloyd’s Syndicate 1084, will provide Chaucer’s…

JLT acquires Belgian specialty broker to boost EU platform

JLT acquires Belgian specialty broker to boost EU platform

JLT acquires Belgian specialty broker to boost EU platform

Broker JLT has joined London market insurers in establishing a platform for EU business post-Brexit. JLT said it has acquired Belgian specialty broker Belgibo from EXMAR Group to complement its existing Benelux operations, but also to support its service to clients in all 26 EU states and three European Economic Area states, after the UK has left the EU. Based…

Liberty Specialty Markets signs new PI underwriter in The Hague

Liberty Specialty Markets signs new PI underwriter in The Hague

Liberty Specialty Markets signs new PI underwriter in The Hague

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Marnix de Kievit to the newly created role of senior underwriter of professional indemnity (PI) risks for the Netherlands. Based in The Hague, Mr de Kievit will report to Rob Groenen, country manager for the Netherlands, and will work alongside Jeroen Kisters on PI and cyber insurances. LSM…

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