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Parker Norfolk recruits Besso chief risk officer

Private equity-backed London market broker Parker Norfolk and Partners has lured Peter Dalton, the chief risk officer of Besso, to its team, The Insurance Insider understands.

Bernard Goyder, 22 March 2018
USI to crunch down London trading partnerships

US retail broker USI is preparing to reduce the number of London wholesale brokers it trades with as the consolidation trend intensifies, The Insurance Insider understands.

Adam McNestrie, 22 March 2018
UK to hand Pool Re non-damage BI remit

The UK government plans to expand the scope of Pool Re to allow the scheme to provide reinsurance for non-damage business interruption (BI) caused by terrorism.

Laura Board, 22 March 2018
Beazley's Maidment to retire at year-end

Beazley chief underwriting officer Neil Maidment is set to step down at the end of the year.

John Hewitt Jones, 22 March 2018
Global InsurTech deal values jump by a third

The value of InsurTech deals worldwide jumped by 32 percent to $2.3bn in 2017, according to data from Accenture and CB Insights, amid a surge in European insurance technology investment

Bernard Goyder, 22 March 2018
MS Amlin targets 10% cut in staff costs after outsized loss

MS Amlin is preparing to reduce the number of permanent roles in the organisation by around 140 as part of a programme of changes designed to turn the business around after it ran up heavy 2017 losses, The Insurance Insider can reveal.

Adam McNestrie, 22 March 2018
M&A in US brokerage market to continue in 2018

M&A activity among US insurance brokers will remain brisk in 2018, credit ratings agency Moody's has said.

Rachel Dalton, 22 March 2018
Validus backs Eagle Ocean facility

Validus Specialty Underwriting has announced a tie-up with marine facility Eagle Ocean America.

John Hewitt Jones, 22 March 2018
AM Best affirms Canopius US rating as it downgrades reinsurance unit

The financial strength rating of Canopius Re has been cut one notch to A- by AM Best following the private equity-backed $952mn acquisition of the parent from Tokyo-based Sompo Holdings.

Ted Bunker, 22 March 2018
Cyber risk modeller emerges from under Symantec’s wing

CyberCube Analytics, a risk analytics provider backed by computer security software maker Symantec, is taking aim at what is expected to be a $20bn market within a decade.

Laura Sanicola, 22 March 2018

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