Helios Underwriting Plc has acquired four Lloyd’s limited liability vehicles for a total consideration of approximately £5.8m. The four LLVs are: North Breache Underwriting Limited, Nameco (No 1011) Limited, G.T.C. Underwriting Limited and Nameco (No 2012) Limited.
Speciality insurer Beazley has appointed Bob Quane as its new chief underwriting officer, subject to regulatory approval. Quane joins from Axis Capital where he was CUO and will take up his new role on 11th October. He will be based in New York, highlighting Beazley’s ambitions on the US market.
Insurance services provider Charles Taylor has expanded the capabilities of its loss adjusting services with the launch of its speciality lines division. The new practice will be led by Laetitia Fouquet and Nicholas La Stella.
UK water leak alarm system LeakBot has teamed up with MGA SageSure and is now being used in the US for the first time. SageSure has distributed LeakBot sensors to home insurance policyholders in New Jersey. The deal builds on partnerships that LeakBot has already established for use in the UK and Europe.
The Guernsey International Insurance Association has awarded its first environmental, social and governance accreditation for an insurance entity to Dunant Re IC Limited – an incorporated cell of Replexus ICC (Guernsey) Limited, managed by Aon Insurance Managers (Guernsey). The GIIA’s ESG framework was launched earlier this year.
Specialty re/insurer Chaucer has signed a long-term partnership with Allphins to use its exposure management platform to better understand its energy reinsurance risk accumulation. Chaucer said the move would enable it to more accurately control the amount, and the quality, of risk sitting in its book if business.