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Nichols resurfaces as Baldwin & Lyons director

Recently departed Axis Re CEO Jay Nichols has been appointed to the board of Indiana-based P&C holding company Baldwin & Lyons.

Matthew Neill, 17 May 2017
InsurTech start-ups lack disruptive ideas: Oliver Wyman

Pressure from investors for top line improvements amid a more challenging financing environment has impeded InsurTech start-ups' ability to affect revolutionary change, according to Oliver Wyman.

Matthew Neill, 17 May 2017
Chubb lands ex-FSA chief Turner as European chairman

Chubb has recruited former Financial Services Authority (FSA) executive chairman Adair Turner as non-executive chairman of its European and Lloyd's businesses in a coup for the insurance giant.

Bernard Goyder, 17 May 2017
Opinion: WannaCry for ILS

The WannaCry ransomware attack has highlighted just how vulnerable today's world is to technological breakdown, as hospitals in the UK were forced to turn away patients while their IT systems were held hostage

Fiona Robertson, 17 May 2017
KKR closes $4.3bn USI acquisition

Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) have closed a $4.3bn deal to buy insurance broker USI from shareholders that include Onex and USI employees

Bernard Goyder, 17 May 2017
Kinsale’s initial backer Moelis cashes out

Investment bank and fund manager Moelis is cashing out its remaining stake in Kinsale Capital through a secondary offering in which it is selling over 4.3 million shares at $33 each, according to the insurer.

Ted Bunker, 17 May 2017
China’s PICC expands use of internal reinsurance

The property and casualty division of the People's Insurance Company of China (PICC) has signed a new reinsurance agreement with PICC Re, according to a statement released today.

Bernard Goyder, 17 May 2017
FM Global announces trio of staff moves

FM Global has moved three of its senior staff to new roles, it announced yesterday.

Charlie Thomas, 17 May 2017
Willis Re wins Zurich liability account from Guy Carp

Willis Re has wrested the account to place Zurich’s North American general liability treaty from long-time incumbent Guy Carpenter, The Insurance Insider can reveal.

Adam McNestrie, 16 May 2017
Beazley US hires brace of environmental underwriters

London-listed Beazley has bolstered its environmental liability insurance capability with the hire of two underwriters in the US.

Charlie Thomas, 16 May 2017

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