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DUAL Acquires Oliva Underwriting, UK-based MGA
DUAL, the underwriting arm of the Hyperion Insurance Group, announced it has acquired Oliva Underwriting, the UK-based MGA specializing in property & casualty, contractor trades and marine insurance. The acquisition forms a core part of DUAL’s UK commercial strategy, and will allow it …
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Mt. Logan Re Ltd. Appoints Caponigro as Head of Business Development
Bermuda-based Mt. Logan Re Ltd.* has appointed Chris Caponigro as head of business development. Caponigro brings a diverse background with over 20 years of experience, which includes property, specialty, and structured underwriting, in addition to various financial and analytical roles. …
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Generali Acquires MyDrive Solutions, a UK Data Analysis Firm
Trieste-based Generali Group announced that it has acquired MyDrive Solutions, a UK company that uses data analytics tools to profile driving behavior. MyDrive Solutions, which was founded in 2010, specializes in identifying innovative and tailor-made products for customers as well …
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Qin Lu to Head Aon Benfield, Aon Risk Solutions in China
Aon announced that Qin Lu has joined the group as CEO, Aon Benfield Greater China and CEO, Aon Risk Solutions, China, to take effect later this year. The bulletin said the new appointment would “help to align Aon’s retail and …
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DUAL Strengthens Latin America & Caribbean Team with Hayes Appointment
DUAL, the underwriting arm of the Hyperion Insurance Group, announced it has appointed Amanda Hayes as managing director of Latin America and Caribbean Business Development. Hayes starts on August 1 and will report to DUAL’s global chief underwriting officer, Talbir …
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Beazley First-Half Profit Rises 16%, Led by U.S. Premium Growth
Beazley plc, the first Lloyd’s of London insurer to report earnings, had a 16 percent increase in first-half profit, helped by growth in its U.S. business. Pretax profit rose to $154.5 million from $132.9 million a year earlier, the Dublin-based insurer said Friday. Gross …
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AIA New Business Value Advances 21% in First Half on China
AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 21 percent increase in new business value as China became its second-largest market for the first time by that measure. The gauge of projected profitability of new policies …
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Jardine Lloyd Sues Rival Howden Over Mass Resignation in Singapore
Jardine Lloyd Thompson Group plc sued Howden Insurance Brokers in a bid to thwart plans by the rival to poach 17 of its Singapore staff. The broking arm of Hyperion Insurance Group, headhunter Huntington Search Partners Pte, JLT Singapore Managing Director Goh Chye Huat …
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Environmental Groups Ask North Carolina Judge to Dismiss Part of Duke Energy Suit
A coalition of environmental groups is supporting Duke Energy’s effort to dismiss part of long-running lawsuit over pollution leaking from the company’s coal ash dumps. The Southern Environmental Law Center filed July 22 in support of Duke’s motion to a …
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North Carolina Lawmakers Approve School District Lawsuit Moratorium
School districts in North Carolina may soon be barred for five years from suing their counties over the amount of funding they receive under a new provision approved by the state Senate. The Senate passed on July 22 a bill …
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