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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
InsurTechs Lemonade and Metromile report rising losses

Prominent InsurTechs Metromile and Lemonade have filed statutory reports with regulators showing ballooning net premiums earned along with surging underwriting losses.

Ted Bunker, 12 March 2018
Lloyd's Brussels to take EU binder business from January 2019

Lloyd's has instructed all managing agents to cease writing existing European binding authority business through usual means by 31 December 2018, as the corporation prepares to move business to the Lloyd's Brussels platform.

Catrin Shi, 09 March 2018
AIG to sell Arch stock at 0.2% discount

Arch Capital said AIG's secondary share offering of Arch stock will raise $502.5mn for the selling shareholder.

Laura Board, 09 March 2018
AIG plots sale of Arch shares in $503mn offering

AIG plans to sell Arch Capital preferred securities that will convert to over 5.67 million shares of common stock valued at more than $503mn, regulatory filings show.

Ted Bunker, 09 March 2018
Zurich NA names Massey programs head as Putz moves up

Zurich North America has moved P&C head Greg Massey to lead its programs business, replacing David Putz, who became chief of alternative markets in January.

Ted Bunker, 09 March 2018
K2 targets 50% growth in 2018

US MGA platform K2 Insurance Services is looking to grow by close to 50 percent this year through acquisitions and organically, The Insurance Insider can reveal.

David Bull, 09 March 2018
Opinion: Championing women

On Wednesday I attended Lloyd's celebration of International Women's Day, held at 1 Lime Street.

Catrin Shi, 09 March 2018
Canopius completes $952mn Sompo buyout

Canopius has completed its private equity-backed $952mn buyout from Japan's Sompo Holdings.

Bernard Goyder, 09 March 2018

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