Liberty Specialty Markets launches new project cargo consortium at Lloyd’s
Liberty Specialty Markets (LSM) has announced the opening of Liberty Project Cargo Consortium (LPCC), a new Lloyd’s facility for the London Market, dedicated to underwrite global project-related cargo risks with capacity of up to $205 million. Read more.
Ariel Re gets green light for Lloyd’s Managing Agent
The Prudential Regulatory Authority, the Financial Conduct Authority and Lloyd’s, now approved the reinsurance company to start the new operation: Ariel Re Managing Agency (ARMA). Ryan Mather, CEO of Ariel Re describe it as a “key milestone” for the structure. Read more.
Hellman & Friedman, KKR and Eurazeo among BMS’ PE suitors
The three private equity firms are behind BMS, who is working with Evercore to assess future funding options for the reinsurance broker. Read more.
Berkshire Hathaway completes Alleghany acquisition
All regulatory approvals were granted to Berkshire Hathaway to complete the acquisition of Alleghany Corporation on Thursday 20th with a transactional value of $11.6 billion. Read more.
Zurich’s David Martin set to replace Gareth Hemming at Aviva
While Hemming pursues new opportunities, Aviva adds Zurich’s Head of Retail Management David Martin as managing director to increment its growth, digital and automation agenda. Read more.
