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AGCS reshuffles board ahead of Scheffel retirement

Allianz Global Corporate & Specialty has announced a series of board changes, which will take effect from 1 July next year.

Charlie Thomas, 18 December 2017
Enstar to secure £410mn Neon legacy book

Enstar is poised to claim a second major Lloyd's legacy transaction this month after entering exclusive talks to acquire Neon's £410mn ($549mn) legacy book, The Insurance Insider can reveal

Adam McNestrie, 18 December 2017
International Group charges to shipowners fall for 2018

The International Group of Protection & Indemnity Clubs (IG) has reduced the reinsurance levy charged to its members by 1.85 percent across its vessel categories after securing a fourth year of rate reductions

Laura Board, 18 December 2017
Pfizer notifies $450mn D&F loss

Pharmaceutical giant Pfizer has notified its property insurers of a $450mn loss from damage to its Puerto Rico operations following Hurricane Maria, The Insurance Insider understands

Adam McNestrie, 18 December 2017
Travelers COO MacLean to retire after 30 years' service

Travelers president and chief operating officer Brian MacLean is to retire from the company.

John Hewitt Jones, 18 December 2017
PIB agrees to acquire Citynet

Brendan McManus's Carlyle-backed broking firm PIB has agreed to acquire independent wholesale broker Citynet, The Insurance Insider has learned.

Adam McNestrie, 18 December 2017
International Group extracts modest rate reduction

The International Group (IG) of P&I clubs looks set to secure a rate reduction on its vast reinsurance deal for 2017/18 after a bruising round of negotiations with the marine market, The Insurance Insider can reveal.

Adam McNestrie, 18 December 2017
Exin hires Oman Insurance CEO as principal executive

Oman Insurance Company’s CEO Christos Adamantiadis has resigned from his role after less than three years to become principal executive at start-up Exin Group.

Charlie Thomas, 18 December 2017
Chubb elevates Booker to replace Church in US property

Chubb has promoted Matt Booker to replace Brian Church as the executive in charge of US major property accounts, after Church was named head of international property in the carrier’s overseas general business group.

Ted Bunker, 18 December 2017
Endeavour installs Giles as non-executive chairman

Lloyd’s broker Endeavour Insurance Services has tapped Chris Giles to serve as non-executive chairman to help guide it as it expands in new risk markets and invests in new technology.

Ted Bunker, 18 December 2017

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