Convex raises further $500m in capital to reach $3.2bn

Convex raises further $500m in capital to reach $3.2bn

Convex raises further $500m in capital to reach $3.2bn

Convex Group, which was set up by insurance industry veteran Stephen Catlin, has secured $500m of capital from investment firm Sixth Street, which lifts the specialty (re)insurer’s total to $3.2bn. The $500m of preferred equity capital from affiliates of Sixth Street follows a recent $1bn capital raise from a consortium led by Onex and GIC, in which Sixth Street also…

Aon launches fuel price insurance for shipping, aviation and other firms

Aon launches fuel price insurance for shipping, aviation and other firms

Aon launches fuel price insurance for shipping, aviation and other firms

Aon has launched a new fuel insurance product for shipping and aviation clients to protect buyers against rising fuel prices. The cover, backed by credit insurance, kicks in if the cost of fuel rises above a pre-agreed amount. Buyers taking out the policy can claim the difference between the agreed price and the higher cost of fuel for every month…

Generali partners with specialist US renewables insurer to bring global solutions

Generali partners with specialist US renewables insurer to bring global solutions

Generali partners with specialist US renewables insurer to bring global solutions

Generali Global Corporate & Commercial (GC&C) UK has partnered with specialist Power Energy Risk (PERse) to deliver global renewable energy solutions, with a focus on wind and solar plants. PERse is the largest US-based renewable energy underwriter and part of Ryan Specialty Group. GC&C UK said the partnership bolsters its expertise in the renewables energy sector by leading a consortium…

New (re)insurer Vantage launches with $1bn capital

New (re)insurer Vantage launches with $1bn capital

New (re)insurer Vantage launches with $1bn capital

The former CEO of AXA XL, Greg Hendrick, has launched a new (re)insurer with former CEO of Arch Capital, Dinos Iordanou, backed by private equity. Vantage Group will house carrier Vantage Risk to write property catastrophe reinsurance in North America, Europe, Japan and Australia. It will also provide specialty reinsurance across the P&C classes, including marine, energy, aviation, crop, workers’…

Hamish Roberts named head of global renewable energy at Marsh JLT Specialty

Hamish Roberts named head of global renewable energy at Marsh JLT Specialty

Hamish Roberts named head of global renewable energy at Marsh JLT Specialty

Hamish Roberts has been appointed to the newly created role of global renewable energy leader at Marsh JLT Specialty. He will take on the job from 1 January and will report to global head of energy and power, Andrew George. Mr Roberts will continue to be based in London, from where he will lead a team of more than 100…

AXA XL promotes Nicola Harris to head of energy for UK and Lloyd’s

AXA XL promotes Nicola Harris to head of energy for UK and Lloyd’s

AXA XL promotes Nicola Harris to head of energy for UK and Lloyd’s

AXA XL Insurance has promoted Nicola Harris to head of energy for the UK and Lloyd’s market. Ms Harris succeeds Peter Welton, who was promoted to chief underwriting officer for marine, energy and aerospace for the UK and Lloyd’s market earlier this year. Ms Harris has held several senior energy roles within AXA XL since joining from Allianz Global Corporate…

Sustainable energy practice launched by Howden Specialty

Sustainable energy practice launched by Howden Specialty

Sustainable energy practice launched by Howden Specialty

Howden Specialty has launched a new sustainable energy practice, based largely in London. According to Howden, it has made the first of several significant new hires as part of its strategy to become the global market leader in the sector. The move sees Jonas Dalsgaard joining Howden from Danish insurer Codan. Mr Dalsgaard said: “I am truly excited about joining…

Digitalised energy MGU launched on Whitespace platform

Digitalised energy MGU launched on Whitespace platform

Digitalised energy MGU launched on Whitespace platform

A new entirely digitalised energy managing general underwriter (MGU) has been launched, offering property insurance for global energy risks. The new MGU, Career General Agency (CGA), has been launched by US-based GuideOne National and will accept risks exclusively via the Whitespace platform through a wholly digitalised underwriting process. The Whitespace platform is a fully digital e-trading platform for brokers and…

AXA XL makes appointments to new regional units

AXA XL makes appointments to new regional units

AXA XL makes appointments to new regional units

AXA XL Insurance has announced new appointments for its business divisions following the recent launch of its regional operating model, which came into effect on 1 October. New appointees to AXA XL’s Asia and Europe business unit division are: –Marine Charbonnier, global programmes and captives director –Mathieu Daubin, chief underwriting officer, marine –Yannick Daucourt, chief underwriting officer, specialty –Simona Fumagalli,…

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