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PPL to make adjustments after marine revolt

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.

Adam McNestrie, 07 February 2017
CNA expense ratio a ‘competitive disadvantage’: Robusto

CNA Hardy's comparatively high expense ratio compared to its peers is putting the company at a "competitive disadvantage", according to recently appointed CEO Dino Robusto.

Matthew Neill, 07 February 2017
Lord, digitise my iniquities

I was a tech pioneer once.

Mark Geoghegan, 07 February 2017
Earnings top forecasts as reserve focus grows

Most Bermudian and US carriers outperformed Wall Street consensus estimates in the fourth quarter, despite fresh evidence of reserving challenges and early indications of more differentiated performance in the face of deteriorating conditions.

Iulia Ciutina, 07 February 2017
US Risk gets Carter

Wayne Carter III has been named as president of US Risk Underwriters, the carrier said. Carter was president of Berkley Program Specialists, a WR Berkley subsidiary, until August 2016.

Bernard Goyder, 07 February 2017
BHSI opens London office

Berkshire Hathaway Specialty Insurance (BHSI) has established an office in London and appointed executives to its property, executive and professional liability and claims divisions for the UK and Southern Europe.

Matthew Neill, 07 February 2017
Hiscox provides cyber capacity to MGA Fusion

Towergate-owned UK managing general agent (MGA) Fusion has entered the cyber insurance market offering a limit of £5mn ($6mn) for any one risk, with capacity provided by Hiscox.

Catrin Shi, 07 February 2017
Argo completes Ariel Re deal

Argo has closed its acquisition of Lloyd's (re)insurer Ariel Re, it announced late yesterday.

Catrin Shi, 07 February 2017
Markel International names external reinsurance head

Markel International has promoted Warren Towner to head of underwriting management and reinsurance placement, according to a statement from the company.

Bernard Goyder, 07 February 2017
PE sets heady pace for US broker M&A

The first month of 2017 brought no shortage of deal activity in the distribution space, with AJ Gallagher announcing three acquisitions and Marsh swooping in on J Smith Lanier.

Ted Bunker, 07 February 2017

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