Everest names new addition to political risk insurance team

Everest names new addition to political risk insurance team

Everest names new addition to political risk insurance team

Everest Re Group has announced that Joe Martin has joined the Everest Insurance credit and political risk team in New York, reporting to Jim Thomas, head of credit and political risk at Everest Insurance. Mr Martin joins Everest from Mitsubishi UFJ Financial Group (MUFG), where he was a director responsible for originating and structuring export credit and multilateral agency-backed cross-border…

XL Catlin opens political risk office in Washington D.C.

XL Catlin opens political risk office in Washington D.C.

XL Catlin opens political risk office in Washington D.C.

XL Catlin’s political risk, credit and bond (PRCB) insurance team has added a new office to its global network, which now includes Washington DC. Dan Riordan, PRCB president, said: “This year is particularly important to our growing team around the world. Having a dedicated PRCB office right here in Washington DC further strengthens our global reach and provides our partners…

JenCap to acquire Special Risks Facilities

JenCap to acquire Special Risks Facilities

JenCap to acquire Special Risks Facilities

New York-based JenCap Holdings has agreed to acquire privately held Special Risks Facilities (SRF), a managing general agent (MGA), contract binding authority and wholesale insurance brokerage firm based in Sterling Heights, Michigan. JenCap was formed in March 2016 by The Carlyle Group and JenCap management, to consolidate specialty insurance distribution businesses including MGAs, programme managers and transactional wholesale brokers. The…

Aquila’s SART gains Lloyd’s coverholder status

Aquila’s SART gains Lloyd’s coverholder status

Aquila’s SART gains Lloyd’s coverholder status

SART Specialty, the Hong Kong managing general agent (MGA) that was established in 2008 and is a member company of London’s Aquila Underwriting, has received approval as a Lloyd’s coverholder, according to reports. SART Specialty will underwrite specialist marine business lines, including marine hull, marine cargo, ports and terminals liabilities, and other marine liabilities across Asia-Pacific. Jude Yeung, who joined…

Ed expands A&H team with director appointment

Ed expands A&H team with director appointment

Ed expands A&H team with director appointment

Ed, the global reinsurance, wholesale and specialty broker, has announced the appointment of Roshan Choolhun as divisional director of its accident and health and contingency business. Mr Choolhun, who joins from RKH Specialty where he held the role of divisional director, is tasked with producing and broking Middle Eastern direct and facultative business. Prior to working with RKH, Mr Choolhun…

Allianz announces online aircraft insurance partnership with Visicover

Allianz announces online aircraft insurance partnership with Visicover

Allianz announces online aircraft insurance partnership with Visicover

Allianz Global Corporate & Specialty (AGCS) has partnered with award-winning insurtech company, Visicover. Visicover will now offer its existing and new aeroplane and helicopter policyholders insurance products underwritten by AGCS. Visicover is an online-based service that allows customers to buy their insurance online and subsequently self-administer their policies, including renewals. “The aviation industry is undergoing significant change. New technologies are…

Renewables insurer GCube poaches duo from RSA

Renewables insurer GCube poaches duo from RSA

Renewables insurer GCube poaches duo from RSA

Specialist renewable energy insurer GCube Underwriting has recruited Steve Allen and Adam Hearn to the posts of director and senior underwriter, respectively, at its London office. Messrs Allen and Hearn join GCube from RSA Group, where Mr Allen was engineering, construction and renewable energy director, and Mr Hearn was an underwriter in the power and engineering sectors, specialising in renewable…

Nexus Group acquires trade credit MGA Equinox

Nexus Group acquires trade credit MGA Equinox

Nexus Group acquires trade credit MGA Equinox

Specialty managing general agent (MGA) Nexus Group has acquired Equinox Global Ltd, the Lloyd’s coverholder, along with all other Equinox group companies. Established in 2009, Equinox is a fast-growing specialist trade credit MGA with offices in London, New York, Paris, Hamburg and Amsterdam. The company’s founding shareholders and management team of Steen Parsholt, Mike Holley, Rob Crampton and Vicki Harrison…

Bermuda’s Sirius forms environmental risk team

Bermuda’s Sirius forms environmental risk team

Bermuda’s Sirius forms environmental risk team

Sirius Group has added Robert Potter and Bob Albanese to its environmental team, joining Doug Stepenosky, who was appointed to lead the division earlier this year. Mr Potter, whose new title is national environmental underwriting manager, most recently worked at Great American Insurance Group. He will be based in San Francisco. Bob Albanese joins Sirius as vice president, environmental claims…

ISO launches cyber insurance rating programme with variables

ISO launches cyber insurance rating programme with variables

ISO launches cyber insurance rating programme with variables

ISO, the US insurance information services company that is part of Verisk Analytics, has launched a cyber insurance programme with rating variables and coverage options, designed to help insurers respond to changes in cyber risk. The ISO programme includes advisory loss costs using 17 different rating variables that it says can help insurers underwrite diverse cyber risks across industries with…

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