Bryant named head of financial lines in continental Europe at Chubb

Bryant named head of financial lines in continental Europe at Chubb

Bryant named head of financial lines in continental Europe at Chubb

Chubb has appointed Kyle Bryant to the newly-created position of head of financial lines for continental Europe. Mr Bryant was previously Chubb’s cyber underwriting manager for Europe, Eurasia and Africa, and takes up his new role immediately. He will continue to be based in London and will report to Adrian Matthews, chief operating officer, head of property and casualty in…

French buyers facing problems with fraud cover as deductibles mount

French buyers facing problems with fraud cover as deductibles mount

French buyers facing problems with fraud cover as deductibles mount

Buying fraud insurance has become a challenge for French companies, with significant deductibles often demanded from carriers. In some cases, ‘high profile’ firms that operate in sectors actively targeted by fraudsters, and with a big international presence, have been asked to retain as much as €1m of risks in fraud insurance policies, sources told Commercial Risk Europe. Some brokers have…

BGC completes Ed Broking buy

BGC completes Ed Broking buy

BGC completes Ed Broking buy

Broker BGC has completed the acquisition of Lloyd’s broker Ed Broking Group, which will now become part of BGC’s insurance division that was formed in 2017 with the acquisition of Besso Insurance Group. CEO of Ed Broking Steve Hearn will become head of BGC’s insurance division and report directly to Shaun Lynn, president of BGC Partners. Ed Broking will add…

Pioneer Underwriters forms global financial institutions team

Pioneer Underwriters forms global financial institutions team

Pioneer Underwriters forms global financial institutions team

Pioneer Underwriters has formed a global financial institutions underwriting operation. It said it has unified its financial institutions businesses into one overarching global underwriting operation. This global financial institutions team will be responsible for all financial institutions business written by Pioneer, utilising the same capital base to write business from its offices in London, Brussels and New York. The new team…

Insurance market finally shows signs of hardening but European P&C relatively flat

Insurance market finally shows signs of hardening but European P&C relatively flat

Insurance market finally shows signs of hardening but European P&C relatively flat

The commercial insurance market is finally showings signs of hardening, as nat cat risks, a growing number of specialty lines and those with bad loss-history experience rate increases at renewal, risk managers and brokers have told Commercial Risk Europe. However, the market for standard P&C risks remains competitive in Europe, with buyers still able to secure similar terms and prices at renewals…

Lloyd’s pushes ahead with crackdown on badly performing business

Lloyd’s pushes ahead with crackdown on badly performing business

Lloyd’s pushes ahead with crackdown on badly performing business

Lloyd’s is pushing ahead with plans to reduce poor-performing business and will introduce risk-based oversight of syndicates in 2019. The market warned it would “provide feedback and challenge” and require certain syndicates, or classes within syndicates, to cease underwriting where there is no profit on the horizon…

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley has appointed two financial lines underwriters for continental Europe. Based in Barcelona, Francisco Alcaide joins Beazley from Hiscox where he worked in Spain as senior underwriter in the professional risks team. Mr Alcaide will launch Beazley’s e-trading platform, MyBeazley, for specialty products in Spain. Alexander van Nierop will also be based in Barcelona and joins Beazley from Aon in…

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