Financial institutions
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The team of brokers worked for the recently acquired Protean Risk.
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Head of FI Samantha Shean is leaving Axis to join Aviva.
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The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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The casualty-focused MGA was launched in March by Argenta deputy active underwriter and head of casualty Bradley Knight.
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There is an increasing focus in the casualty reinsurance space on social inflation and litigation funding trends.
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Lockton is hiring in financial institutions following the departure of several staff to join Bishopsgate.
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Berman will replace Ramesh Singh, who is leaving the business to head up financial lines at Aviva.
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The MGA platform was launched by former Barbican executives in late 2021.
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Double-digit rate decreases are common in the class of business despite macroeconomic headwinds.
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The consultancy has outlined the financial guarantees needed from governments and availability of data from Ukraine that will enable insurers to provide risk capacity for the country's recovery.
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The ratings agency cited an increased risk of asset-quality deterioration.
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A group of lenders have provided uninsured deposits of $30bn to support the ailing bank.
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The longstanding Chaucer underwriter left when the carrier exited the FI market last year.
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Not only could raising venture debt become increasingly difficult for the sector, but InsurTech companies could also struggle to access their credit lines.
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The MGA’s international platform hopes to bring in MGA underwriters looking for US expansion.
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Argenta will be a cornerstone capacity provider to new MGA Casper, which will write $100mn in year one.
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The MGA has grown its fintech book by 100% in the last year and the new team will be led by Hannah Durrant.
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The business marks the latest launch into a financial lines market that has attracted substantial amounts of capacity.
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Alex Burton Brown’s appointment comes at a time of elevated personnel movement in the financial institutions space.
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There has been a recent uptick in personnel movement in the financial institutions space.
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Jodie Major worked for Chaucer’s financial institutions team, and the carrier has recently exited the market.
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The move is the second recent class-of-business exit, with the business also having withdrawn from downstream energy.
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Consilium’s financial lines operation specialises in professional and executive risks as well as cyber.
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The hire of Ben Phillips comes amid a recent uptick in personnel movement in financial lines after a period of stability.
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The appointment comes after the carrier promoted Janine McGriskin to lead FI in the UK.
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The appointment comes after Allison Wilkinson departed Chubb to join Convex.
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Prior to her promotion, Janine McGriskin held the role of senior underwriter, UK financial institutions, at the carrier.
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The executive has more than 25 years’ experience working in banking and asset management.
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The start-up carrier launched in FI over the summer with ex-Pembroke and Hamilton underwriters.
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Convex has been building out its FI team, which is headed up by Allison Hollern.
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Tegron is one of several new entrants to the market, easing pressure on capacity in the D&O sector.
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The specialty insurer’s new division will underwrite global liability risks from its London office.
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Falcon Risk Holdings will initially focus on financial and cyber lines in the US.
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Investors in London-based insurer include specialist InsurTech backer Mundi
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Rob Green transfers from AGCS London while Rick Hornby joins from NFP.
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