Articles by Ryan Hewlett
Beazley predicts to beat analysts on 2017 earnings
Lloyd’s carrier Beazley said it expects to post a pre-tax profit for 2017, ahead of market expectations and in despite of hefty nat cat bills in the fourth quarter.
Nexus names insurance CEO ahead of potential IPO or sale
Nexus Group has named Mike Sibthorpe as CEO of its insurance and reinsurance business as the business gears up for a potential sale in 2018.
Single cyber attack could cost insurers more than Hurricane Katrina
Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.
Industry braced for losses in wake of Carillion collapse
The trade credit sector is braced for heavy losses following the collapse of construction giant Carillion.
Lloyd’s goes to court to stop climbers of its iconic building
Lloyd’s of London is to take on daredevil climbing enthusiasts by seeking an injunction to stop people from climbing its iconic Lime Street building.
GRP acquires The County Group
Global Risk Partners has acquired The County Group.
Davies Group snaps up R&Q’s insurance management operations
Davies Group has bought Randall & Quilter’s Insurance Services and Captive Management Operations for £18.6m.
Aon Benfield chairman to lead the board at Climate Wise
Aon Benfield’s executive chairman Dominic Christian has been appointed chairman of Climate Wise.
McCafferty departure due to Axa group-level changes
The structural changes which led to the shock departure of Axa’s insurance CEO Brendan McCafferty came from a drive to simplify the business at group level, Post has been told.
Hyperion targets emerging markets and Lat Am with $300m in reserve
Hyperion Group is entering 2018 with a $300m (£223m) war chest to play with, the group’s chief financial officer has said.
CNA Hardy appoints Middleton as CEO of Luxembourg hub
CNA Hardy has named Stuart Middleton as CEO of their Luxembourg subsidiary.
Hyperion’s revenue up 20% at full year
Hyperion Group posted a 20% jump in revenue for the year ended 30 September 2017.
FM Global names Lawson chairman of the board
FM Global’s president and CEO Thomas Lawson has been elected chairman of the board by the group’s board of directors.
Beach snapped up by Acrisure
Acrisure is to acquire the independent reinsurance broker Beach & Associates.
US Reinsurance outlook remains negative, says AM Best
AM Best is maintaining a negative outlook for the US property and casualty reinsurance sector due to continued pressure on property catastrophe rates.
Dual names M&A head and director of corporate development
Dual, the underwriting arm of the Hyperion Group, has named Justin Ansell as head of M&A in the UK.
Munich Re covers Easyjet for flight cancellation
Munich Re and Easyjet have teamed up on a flight cancellation insurance product.
Hood names Homer non-executive chairman
Andy Homer has been appointed non-executive chairman of Hood Group.
Millions of travellers being encouraged to fake illness, says ABTA
Almost 10 million Britons have been approached about making a compensation claim for being sick while on holiday, according to the Association of British Travel Agents.
Sequant Re goes into liquidation
Specialist Bermudian reinsurer and insurance-linked securities investment start-up Sequant Re Holdings, is to liquidate its business having struggled to raise sufficient capital.
Fresh capital to make reinsurance rate rise short-lived
New capital entering the reinsurance sector will wash away any relief gained from rate rises at January renewals, Aon Benfield has said.
Axis to consolidate Lloyd’s business into Syndicate 1686
Axis Capital has initiated plans to consolidate its Lloyd’s business into Axis Syndicate 1686.
Euler Hermes cuts cover for New Look
Euler Hermes has reportedly stopped offering cover on new shipments of goods to ailing retailer New Look.
M&A values up 170% as priority turns to capital optimisation
Merger and acquisition activity rebounded in 2017 with completed deal values increasing 170% in the first half of the year, according to Willis Towers Watson.