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Legacy acquirer DARAG Group has received approval from the High Court of Justice, part of the senior courts of the United Kingdom, to transfer two insurance portfolios to its UK carrier, DARAG Insurance UK Limited (DIUK), under Part VII of the Financial Services and Markets Act 2000. The court order was delivered on September 17,…
Aon, a global insurance and reinsurance broker and risk advisor, has appointed Ignacio Llobet as Senior Treaty Broker, Reinsurance Solutions Iberia. Llobet has over two decades of experience across the insurance and reinsurance industry, with deep expertise in the Latin American and Iberian markets. He started his industry career in 2007 through a Leadership Training…
Independent specialist re/insurance broker Miller has appointed Katie Murrell as Director of Sport, Entertainment, Corporate & A&H, where she will be responsible for delivering specialist insurance solutions to sports- and entertainment-focused clients. Murrell joins Miller from Tysers Insurance Brokers and has 15 years of experience in the insurance market. Her background reportedly spans Financial Lines,…
Charp Re, Ltd., a family-owned reinsurance company established in 2018 in the Turks and Caicos Islands, has been assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good) by AM Best, with both ratings carrying a stable outlook. The ratings agency said its assessment reflects Charp Re’s very…
Icen Risk, a specialist transactional risk insurer providing insurance solutions for complex corporate, legal and tax risks, has expanded its tax liability insurance offering into the Nordic region as part of its wider European growth strategy. As part of the expansion, Icen has appointed Oskar Bonér to lead its new Nordic tax liability practice. Based…
Rokstone, an international specialty re/insurance managing general agent (MGA), has announced the appointments of Robert Cheshire as Head of Pricing and Alastair Reed as Data Scientist within Rokstone Klik, its specialist US digital economy portfolio. Cheshire joins the company from Chaucer, where he served as Treaty Pricing Actuary, bringing seven years of experience spanning actuarial…
CFC, a specialist insurance provider focused on emerging risks, has introduced affirmative artificial intelligence (AI) coverage as part of its Intellectual Property policy. The new wording is intended to provide greater clarity over how the policy responds to intellectual property claims involving AI. Businesses are increasingly using AI in the development, creation and commercialisation of…
Arcadian Risk Capital, a specialty managing general agent (MGA) operating across Bermuda, Ireland, the UK and the US, has appointed Matthew Mullen as Executive Vice President as the company establishes a new presence in the US Enterprise Casualty market. Mullen, who will be based in New York, has been appointed to oversee the development of…
As reinsurance capital is more abundant and client needs become increasingly complex, cedents are looking for holistic, enduring partnerships built on predictability and aligned profitability, Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, noted during Aon’s latest Capital Outlook panel. Anshuman Srivastava, Global Chief Broking Officer at Aon, questioned…
Fathom, a specialist in flood risk modelling, has announced that the UK region of its flagship flood catastrophe model, Global Flood Cat, is now free to access. The move allows re/insurers, brokers and financial institutions to access validated, climate-conditioned flood risk data to support underwriting, capital allocation and risk management decisions. Acquired by Swiss Re…