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Paraline Syndicate 4242 active underwriter departs

Third-party managing agent Asta has announced that Megan McConnell has resigned as active underwriter of Paraline's Lloyd's Syndicate 4242.

Laura Board, 04 December 2017
Quinn and Hanley leave Acappella for Advent

Advent has recruited two senior casualty underwriters from Acappella, The Insurance Insider understands

Adam McNestrie, 04 December 2017
Wildfire-hit US cat treaty prices up 20%

Capital Insurance Group's heavily loss-impacted property catastrophe reinsurance programme has been firm ordered with a pure premium rise of around 20 percent, The Insurance Insider can reveal.

Adam McNestrie, 04 December 2017
USI closes purchase of Wells Fargo brokerage operations

Private equity-backed USI Insurance Services has completed its acquisition of the brokerage operations of Wells Fargo

Laura Board, 04 December 2017
Neon files for $60mn sidecar via London ILS regime

Lloyd's (re)insurer Neon is seeking to raise $60mn of third-party capital from a sidecar that could be the first vehicle set up under the new London ILS regulations, sources said.

Adam McNestrie, 04 December 2017
Allianz the lead on £32mn Airlander loss

Allianz is understood to be the lead insurer for a potential £32.0mn ($43.1mn) claim after the world's longest aircraft collapsed while on the ground

John Hewitt Jones, 04 December 2017
Beazley mints ‘beta fund’ syndicate

Beazley will launch a special purpose arrangement (SPA) backed by insurance-linked securities (ILS) capital at 1 January that will exclusively write facilities, The Insurance Insider can reveal

Adam McNestrie, 04 December 2017
The Hartford to reap $3bn from Talcott sale

The Hartford has concluded the long-running auction for Talcott Resolution with a deal for the run-off life and annuity business that is worth a lower-than-expected $3bn to the seller.

Laura Board, 04 December 2017
Guernsey captive manager in Chinese JV deal

Alternative Risk Management (ARM), a Guernsey-based captive manager, has signed a joint venture agreement with Beijing Airport Captive Management Consulting (BACM), a Chinese insurance services company

Bernard Goyder, 04 December 2017
GRP agrees to acquire bloodstock specialist

UK broker consolidator Global Risk Partners (GRP) has made its 12th acquisition since March, buying 100 percent of bloodstock and equine broker Anglo Hibernian Bloodstock Insurance Services for an undisclosed sum

Charlie Thomas, 04 December 2017

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