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  • Lloyd's managing agent ArgoGlobal has appointed Darren Long as cargo underwriter effective immediately, it announced today (5 July).
  • The International Underwriting Association (IUA) has elected six London market executives to its board, the organisation announced today (5 July).
  • Expansive managing general agency (MGA) Nexus Underwriting Management has acquired 100 percent of Hong Kong-based marine MGA Beacon Underwriters.
  • Mitsui Sumitomo Insurance is looking to introduce Japanese corporates to the insurance-linked securities (ILS) market, with the company offering to issue cat bond transactions on their behalf, according to local media reports.
  • Probitas Lloyd's Syndicate 1492 has expanded its casualty offering with the appointment of Richard Beaumont, it announced today (4 July)
  • UK-headquartered insurance venture capitalist BP Marsh has sold its final 1.6 percent stake in broker Hyperion, it announced on Friday (1 July)
  • UK regulator the Prudential Regulation Authority has deferred its decision on whether carriers can use external auditors to assess their Solvency II capital disclosures, it announced today (4 July)
  • The China Insurance Regulatory Commission (CIRC) has amended its investment rules to allow insurers in the country to invest in infrastructure projects
  • Sirius' new Bermuda-based company has been assigned an A financial strength rating by AM Best, with a negative outlook that reflects the credit profile of its new parent China Minsheng Investment (CMI).
  • Insurance outsourcing agency Capita has announced the appointment of Ian Powell as non-executive chairman from 1 September 2016