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International Group to increase individual club retention

The International Group (IG) of protection and indemnity (P&I) clubs has announced that its members will increase their individual retentions from $9mn to $10mn for the 2016/17 policy year.

Adam McNestrie, 25 September 2015
Ex-Cooper Gay exec becomes CEO at Ambant unit

Chris Butcher, the former CEO of Cooper Gay's international business, has been appointed chief executive of MGA launch and host service provider Ambant Underwriting Services (AUS), it was announced today (25 September).

Catrin Shi, 25 September 2015
Energy and power market to reach more than $24.6bn GWP by 2018

Gross written premiums (GWP) in the global energy and power market are likely to grow to at least $24.59bn by 2018, or up to $26.15bn if oil prices recover, according to research from Finaccord.

Catrin Shi, 24 September 2015
RMS(one) ‘on track’ for 2016 launch

Modelling company RMS has said that its RMS(one) platform is "on track" to launch next year.

Charlie Thomas, 24 September 2015
Apollo names top management for new managing agency

Apollo has announced David Ibeson as CEO of its new managing agency Apollo Syndicate Management Limited

Catrin Shi, 24 September 2015
London brokers in historic e-placement commitment

Senior executives of 16 broking firms representing more than 80 percent of business placed in the London market have made a formal commitment to electronic placement of insurance in the city through the nascent Placing Platform Limited (PPL) electronic placing platform.

Mark Geoghegan, 24 September 2015
LMG: ILS tax reform would level playing field for London

The London Market Group (LMG) is looking at proposals to make London more tax efficient in order to compete as a domicile for insurance-linked securities (ILS) business, its chairman Steve Hearn announced today (24 September)

Catrin Shi, 24 September 2015
LMG to produce kitemark for London market insurance

The London Market Group (LMG) has enlisted Hiscox's chief operating officer Sasa Brcerevic to develop a kitemark for the insurance industry in an effort to better promote the London market overseas

Charlie Thomas, 24 September 2015
Pro Global records small profit for H1

Pro Global, the UK-listed outsourcing firm that demerged from struggling legacy carrier Tawa last year, has recorded a £90,000 ($137,385) operating profit for the first six months of 2015.

Charlie Thomas, 24 September 2015
BB&T’s Reece to retire at end of year

BB&T Insurance Holdings chairman and CEO Wade Reece is set to retire at the end of 2015 after 37 years with the US broker.

David Bull, 23 September 2015

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