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Clips shows 1% uptick in Q4 US commercial rates

US commercial insurance rates increased only tentatively in the fourth quarter, according to Willis Towers Watson.

Catrin Shi, 12 March 2018
Direct Insurance hires Flint as commercial chief

Lloyd's broker Direct Insurance Group has appointed David Flint to the newly created role of chief commercial officer.

Catrin Shi, 12 March 2018
XL Catlin recruits Zurich’s Uhlmann for Canada head

XL Catlin has hired Urs Uhlmann as CEO and country manager for Canada. He was previously CEO of global corporate at Zurich’s Canadian business.

12 March 2018
Steamship Mutual reserves $95mn for Sanchi P&I loss

Carriers on the reinsurance programme of the International Group (IG) have narrowly averted a pay-out after reserves for pollution claims arising from the loss of the Sanchi oil tanker were set below $100mn.

John Hewitt Jones, 12 March 2018
Liberty Specialty A&H head Morris retires

Liberty Specialty Markets’ (LSM) head of accident and health specialty underwriting David Morris is set to retire, The Insurance Insider can reveal.

12 March 2018
Natixis takes majority stake in Fenchurch Advisory Partners

Natixis has acquired a 51 percent stake in boutique insurance and financial services investment bank Fenchurch Advisory Partners for an undisclosed fee.

Bernard Goyder, 12 March 2018
M&A will remain tactical, not transforming: Conning

Most of the merger and acquisition activity among (re)insurers last year was tactical and not transformative and that trend should continue in 2018, according to a report by Conning.

Anthony Baldo, 12 March 2018
InsurTech investments surge in February: S&P Global

Investing in InsurTech startups and technology dominated other categories last month in the FinTech financing space monitored by S&P Global, the credit-rating service’s research shows.

Ted Bunker, 12 March 2018
Castellucci becomes NSM’s new COO

Marc Castellucci has joined NSM Insurance Group as chief operating officer, the Conshohocken, Pennsylvania-based company said today.

Anthony Baldo, 12 March 2018
Selective adds Mitchell as independent director

Former Platinum Underwriters and RenaissanceRe executive Liz Mitchell joined Selective Insurance’s board of directors on Friday, the Branchville, New Jersey-based holding company said today.

Ted Bunker, 12 March 2018

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