specialty lines News

Liberty Specialty Announces Specialty Lines and Fine Art & Specie Appointments

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie – Continental Europe. An industry veteran …

Everest Re Adds Inland Marine Unit to U.S. Specialty Platform

Everest Re Group, Ltd., has expanded its U.S. specialty insurance platform, Everest National Insurance Co., with the introduction of a new dedicated Inland Marine underwriting team. Everest National is pursuing a broad and comprehensive strategy in the implementation of its …

Canopius Appoints Bailey as Global Head of Accident & Health

Canopius Group AG* announced the appointment of Scott Bailey as global head of Accident & Health, effective immediately. Bailey will lead the development of Canopius’s global A&H strategy as part of the group’s broader ambitions for profitable growth in specialty …

JLT Re Builds Programs & Binding Authorities Division with 3 New Hires

JLT Re, the London-based reinsurance broker and consultancy, announced it is continuing to develop and diversify its Programs and Binding Authority Division with three new appointments. Mark Sleet has joined from Miller where he specialized in casualty business; Sleet has …

Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh

Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this month. Despite growing concerns about global political and credit risks and a recent …

Glatfelter’s VFIS Enhances Coverage for Emergency Services Organizations

VFIS, a provider of insurance, education and consulting services to emergency service organizations and a specialty program of Glatfelter Program Managers, has introduced coverage enhancements to both its property & casualty and accident & sickness benefits coverage. VFIS target classes …

Montpelier Reports Third Quarter Financial Results

Montpelier Re Holdings Ltd., the Bermuda-based provider of short-tail reinsurance and other specialty lines, reported operating income for the third quarter ended September 30, 2014, of $39.9 million, or $0.86 per common share, compared with $71.5 million, or $1.38 per …

Atlantic Specialty Lines Announces New Office in Saratoga Springs, NY

Saratoga Springs, NY, October 1, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, professional, and personal lines coverages, continues its expansion by announcing the opening of its newest office located …

JLT Group Expands U.S. Specialty Reach, Merges JLT Specialty, Lloyd & Partners

Jardine Lloyd Thompson Group plc (JLT) a global providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, has expanded its U.S. specialty capabilities and merged JLT Specialty Ltd. and Lloyd & Partners Ltd. to drive a …

Allied World to Acquire RSA’s Hong Kong, Singapore Operations

Allied World Assurance Company Holdings, AG announced that one of its operating units, Allied World Assurance Company, Ltd. has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for approximately …