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  • Sarah Mendola, a portfolio manager at the binding authorities division of QBE Europe, is leaving for a new position at Lloyd's carrier Advent Underwriting, The Insurance Insider can reveal.
  • Every reinsurance broker knows that while the best things in life may indeed be free, they cost an awful lot in effort and time to procure.
  • M&A advisory and capital markets specialist Scott Maries has left his position as a managing director at JP Morgan to join Enstar, The Insurance Insider revealed earlier today (23 June).
  • Former Sunshine State (SSIC) CEO Steve Korducki is working on Canopy Insurance Holdings, a new Florida homeowners' start-up aiming to go live after a targeted $50mn capital raise, The Insurance Insider can reveal.
  • Jason Howard, CEO of Willis facultative and wholesale reinsurance unit Faber Global, is leaving to become CEO of Willis-backed Lloyd's start-up Acappella Group Holdings
  • Shares in the AA fell 2 percent as the UK motor insurance intermediary and roadside recovery group made its stock market debut in London today (23 June), matching the lacklustre share price performance of its sister company, over-50s specialist Saga
  • Industry bodies including the Risk Management Society (Rims) and the American Insurance Association (AIA), as well as broker Aon, have supported the passage of House Financial Services Committee legislation on the Terrorism Risk Insurance Act (Tria) to the House of Representatives
  • Ergo, the primary insurance arm of reinsurance giant Munich Re, today (20 June) said it had agreed to buy Singapore-based P&C insurer SHC Insurance for EUR66mn ($90mn), extending its presence in the fast-growing Asia Pacific region.
  • The Lloyd's Market Association (LMA) has expressed a desire to develop more competition in the provision of catastrophe modelling as it looks to rationalise some of its members' approximate $100mn annual collective spend with existing vendors.
  • Lloyd's CEO Inga Beale today (19 June) made a strong pledge to ensure Lloyd's makes headway on modernising market operations and implementing electronic processing.