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Guy Carp operations head; Argo LatAm chief; Two in delegated authority bid; Mayo leaves Ariel; Compre captive legacy deal; Mapfre UK retail launch; Arch $38mn property fac hit; Benardout joins Patria Re SPA; IAG buys cat cover; Grande terrorism claim; US Choice Act passed; Towler to lead LSM aviation; Weather losses near $3bn; Markel merges units; QBE signs up Arrowhead; XL Catlin ups property limit; Marsh bolsters Boeing facilities with Ex-Im hires; PM May moves Truss; WR Berkley Mexican launch.
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Novae's entire US property cat treaty team will move to Fidelis along with the renewal rights to the $50mn-premium book as CEO Matthew Fosh continues to radically reshape the stuttering London-listed insurer
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Legacy specialist Compre has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin
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ProSight has called time on its Lloyd's business and has put Syndicate 1110 into run-off
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Lloyd's has formally notified the market of ProSight's decision to put Syndicate 1110 into run-off
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ProSight has placed its Lloyd's operation into orderly run-off after attempts to secure a live acquirer for the platform proved fruitless, The Insurance Insider can reveal
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Reinsurers pushed through motor insurance rate increases of as much as 60 percent in the April renewals, while Q1 disclosures pointed to a reserves hit of up to $7bn, analysts have said in the aftermath of the UK government's Ogden discount rate cut. -
ProSight's Lloyd's operation has been asked by the Corporation to put in place a run-off contingency plan in case it is unable to secure a new backer, after it was put up for sale by its parent company, The Insurance Insider understands.
