MGU Lodestar Marine and Aspen Insurance Form Agreement to Provide P&I Cover

Article 0 Comments Lodestar Marine, the London-based managing general underwriter, announced an agreement with Aspen Insurance to provide protection & indemnity insurance (P&I) to the owners and managers of small and specialized ships. London-based Lodestar provides $50 million of Aspen-backed P&I cover, with an extra $450 million of capacity available […]

Ed Appoints Willis Towers Watson’s Skaanild to Professional & Executive Risk Team

Article 0 Comments Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Laura Skaanild as client director, Professional and Executive Risk. She will report to Paul Richards, managing director of Professional and Executive Risk. Skaanild will focus on managing and developing Ed’s client base in the financial […]

Being Independent, Nimble and Niche: Keys to SSL Endeavour’s Aim to Put Clients First

Article 0 Comments By creating an innovative and nimble operating platform, SSL Endeavour, London-based Lloyd’s broker, aims to attract and retain the best entrepreneurial brokers who are freed up to create innovative client solutions, said Group Managing Director Karen Allen. “Being a niche broker, being a nimble broker, and not […]

Specialist Re/Insurance Broker THB’s Completes Leadership Transition for Europe Division

Article 0 Comments THB, the London-based specialist insurance and reinsurance broker, confirms the completion of its THB Europe leadership transition. Joaquim Caria retires today as managing director of THB Europe, which was first announced in July 2018, when the company revealed he would be succeeded by Ricardo Borges after a […]

CFC Expands Cyber Insurance Product with Business Interruption Cover

Article 0 Comments CFC, the London-based managing general agent that specializes in emerging risks, announced it has expanded its cyber insurance product to include business interruption as well as a variety of cyber-crime activities. With CFC’s new cyber insurance product, businesses will benefit from business interruption cover triggered by IT […]

Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk

Article 0 Comments Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a managing general underwriter (MGU), specializing in accident & health business, with over 40 years […]

UK Fintech Startup Revolut Gets EU Banking License in Lithuania

Article 0 Comments Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, granted Revolut the regulatory approval that gives […]

Ed Broking to Open Bermuda Operation

Article 0 Comments Ed, the London-based reinsurance, wholesale and specialty broker, announced that it will expand its international footprint by setting up a broking platform in Bermuda. Once approved by the Bermuda Monetary Authority, the operation will be built and led by Chris Bonard, who is currently president & CEO, […]

Burns & Wilcox to Offer Cybersecurity Services Through BreachAware

Article 0 Comments Burns & Wilcox has formed an exclusive partnership with London-based BreachAware, a cybersecurity company specializing in data breach research and analysis. This risk management program will serve as an extension of the cyber products and services offered by Burns & Wilcox and will allow commercial clients to […]

UK’s Ed Broking to Be Acquired by BGC Partners

Article 0 Comments Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of the deal, which is subject to a number of conditions including regulatory approval, were not […]