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Hurricane Gert emerges in Atlantic

Atlantic tropical storm Gert has strengthened to a hurricane overnight, according to weather data from the US National Hurricane Center (NHC).

Bernard Goyder, 15 August 2017
Arch plans new preferred share and US ADR offering

Arch Capital plans to offer new preferred share depositary receipts to raise funds that will be used to redeem its Series C preferred stock, the company said in a regulatory filing today.

Ted Bunker, 15 August 2017
Lockton picks up Driscoll from Aon in Boston

Lockton appears to be the latest beneficiary of a thinning in the ranks at Aon’s construction group, with the big privately owned intermediary adding Brian Driscoll to its Boston office.

Ted Bunker, 15 August 2017
Reinsurers’ earnings vulnerability to cats rises: S&P

Soft market conditions mean that rising catastrophic occurrences worldwide are becoming a bigger threat to underwriting profits at reinsurers, according to Standard & Poor’s (S&P) analysts.

Ted Bunker, 15 August 2017
Brown & Brown buys Massachusetts agency

Brown & Brown has acquired all the assets of Shenkel Insurance, a Massachusetts agency with about $1mn in annual revenue, the listed US intermediary said today

Charlie Thomas, 14 August 2017
Jersey regulator plans 18.1% insurance fee hike

Jersey’s financial services regulator will increase fees charged to insurers by 18.1 percent from 1 October and will introduce a fee on transfers of insurance business, after failing to receive a single piece of feedback when it proposed the moves several months ago.

Charlie Thomas, 14 August 2017
Markel opens political risk unit in Chicago

Markel has established a trade credit and political risk underwriting operation in Chicago.

Bernard Goyder, 14 August 2017
Maiden CEO buys stock as share price crashes

Maiden Holdings CEO Art Raschbaum has spent $97,000 on shares in the company as he looks to signal confidence following the collapse of its share price. Raschbaum led a group of insiders that bought tens of thousands of Maiden shares as the stock scraped multi-year lows.

Adam McNestrie, 14 August 2017
Mathias to join Fidelis group board

Fidelis Insurance has added group chief risk officer Charles Mathias to its board, filling a vacancy left by Neil McConachie, who resigned as group CFO and director in January.

Bernard Goyder, 14 August 2017
Brit moves into US professional lines with Bongi hire

Brit has recruited Tom Bongi from XL Catlin as executive vice president for professional lines at its US platform.

Bernard Goyder, 14 August 2017

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