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  • Recently announced venture fund InsurTech Venture Partners is targeting minimum investments from carriers of $15mn, according to a prospectus obtained by The Insurance Insider.
  • Tarian gains Barbican underwriter; Marsh launches £500mn non-US cyber cover; CTMA hires Sumner as director of operations; Beazley acquires Creechurch Underwriters; Jardine and Wilson join LMG board
  • Berkshire Hathaway Specialty Insurance (BHSI) has launched a London-based management liability unit, sister title Inside FAC revealed on 6 February.
  • Randall & Quilter (R&Q) is exploring the sale of a majority stake in its managing agency arm and is in discussions with a number of parties about a potential transaction, The Insurance Insider can reveal.
  • That London market rate reductions are slowing is a clear positive for the market.
  • After years of persistent softening, rate reductions on open market insurance business are slowing on Lime Street as carriers start to push back.
  • Speak with anyone that has to transact business via Placing Platform Limited (PPL) and you will quickly realise that the system is not perfect.
  • Placement Platform Limited (PPL) is "open to serious abuse and misuse" according to a letter from marine market representatives that detailed 10 objections to the long-awaited system as it stands.
  • Two-thirds of the open market financial and professional lines risks placed by 10 key brokers are being transacted via Placement Platform Limited (PPL), the project's chairman David Ledger has told The Insurance Insider.
  • Placing Platform Limited (PPL) will introduce more radical changes to its insurance exchange software than originally planned, after a group of marine underwriters refused to take up the computer system in its current form.