UK Brexit whitepaper ‘real blow’ for financial services, say representatives

UK Brexit whitepaper ‘real blow’ for financial services, say representatives

UK Brexit whitepaper ‘real blow’ for financial services, say representatives

Representatives of UK financial services have described new proposals put forward by their government for EU trade post-Brexit as a “real blow” that would restrict their ability to serve European customers. But wider business sectors, particularly those that deal with goods, have broadly welcomed the plans. The UK government published a Brexit whitepaper yesterday that lays out its hopes for…

SCOR consolidates London operations and maintains push for ‘client-centricity’

SCOR consolidates London operations and maintains push for ‘client-centricity’

SCOR consolidates London operations and maintains push for ‘client-centricity’

Laurent Rousseau, recently appointed deputy-CEO of SCOR Global P&C, has made the next significant step in the French reinsurance group’s strategy to broaden and deepen its offering for the primary corporate and commercial insurance market through the consolidation of its specialty insurance platform in the London market. The London platform will now offer company (SCOR) paper, Lloyd’s paper or a…

Aon, Chubb and Lloyd’s team up for $500m global terrorism policy

Aon, Chubb and Lloyd’s team up for $500m global terrorism policy

Aon, Chubb and Lloyd’s team up for $500m global terrorism policy

Aon, Chubb and Lloyd’s have collaborated to bring a new terrorism and political violence insurance product to multinational buyers. The companies said the new Platinum policy offers buyers “unprecedented” limits of up to $500m per policy on standalone terrorism coverage. Insureds can also add liability, non-damage business interruption and cyber cover. Aon said the policy will provide globally-admitted cover using…

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Liberty Specialty Markets (LSM) will acquire the European insurance business of Ironshore Europe following a renewal rights agreement between the two companies, which are both part of Liberty Mutual. Ironshore’s European business – which includes contingency, construction, fine art and specie, liability, marine and personal accident lines – is currently written in Cologne, Zurich and Rotterdam. These offices will no…

CNA Hardy appoints Buege to head new specialty unit

CNA Hardy appoints Buege to head new specialty unit

CNA Hardy appoints Buege to head new specialty unit

Commercial insurer CNA Hardy has appointed Rhonda Buege to head up a new unit that will focus on specialty business and healthcare. The new division will house all of CNA Hardy’s existing healthcare and specialty lines products from the Lloyd’s and London company market, including medical malpractice, technology, life science, cyber and financial lines. Ms Buege will head the specialty…

LSM rebrands reinsurance business as it launches in Italy

LSM rebrands reinsurance business as it launches in Italy

LSM rebrands reinsurance business as it launches in Italy

Liberty Specialty Markets (LSM) has launched a new reinsurance operation in Italy and, at the same time, rebranded its entire reinsurance operations as Liberty Mutual Re. Based in Rome and Milan, the new Italian business will underwrite property, casualty and specialty business. Massimiliano Fantini joins Liberty Mutual Re to head up the new operation, having previously worked for Guy Carpenter…

1 2 3 62