TT Club appoints senior underwriter in UK, Benelux and Nordics

TT Club appoints senior underwriter in UK, Benelux and Nordics

TT Club appoints senior underwriter in UK, Benelux and Nordics

Transport and logistics insurer TT Club has named Andrew Peers as senior underwriter for its UK, Benelux and Nordic team. Mr Peers joins from RSA, where he worked for 17 years and led the marine liability and marine property unit. He will report to TT Club’s EMEA regional director Mark Argentieri. In his new role, Mr Peers will head up…

IUMI president warns over state of marine market and Brexit

IUMI president warns over state of marine market and Brexit

IUMI president warns over state of marine market and Brexit

The president of the International Union of Marine Insurance (IUMI) has warned that the marine insurance sector is facing its “most significant challenge” for the last 25 years as it attempts to come to terms with unprofitability and heavy losses. He also said it remains far from clear if, and how, the London market will be able to serve companies…

Clyde & Co hires German marine team from Ince & Co

Clyde & Co hires German marine team from Ince & Co

Clyde & Co hires German marine team from Ince & Co

Law firm Clyde & Co has opened an office in Hamburg after hiring four marine partners and their team of 16 associates from Ince & Co. Clyde & Co said the new office marks an expansion in continental Europe, where it also has offices in Paris, Madrid and Nantes. The new hires specialise in marine litigation and have worked for…

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…

Neon Italy appoints Generali’s Olivari as claims manager

Neon Italy appoints Generali’s Olivari as claims manager

Neon Italy appoints Generali’s Olivari as claims manager

Lloyd’s underwriter Neon has appointed Paolo Olivari as claims manager at its Italian operation. Reporting to Sergio Revello, CEO of Neon Italy, Mr Olivari joins from Generali, where he was senior claims manager. Mr Olivari will initially focus on hull claims. “The Italian market needs a new marine-focused player and the presence of an international insurer based directly in Italy…

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…

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