In Briefs

Beazley acquires stake in Hong Kong coverholder Pegasus

The carrier has been working with Pegasus since January to distribute its financial lines products.

IUA launches new London market construction group

The committee will be comprised of underwriters who write professional indemnity for construction, and have a particular focus on cladding and fire protection.

BP Marsh takes minority stake in Lloyd’s marine start-up

The broker was launched in August by marine specialists Stuart Lilley and Dan Plummer.

BHSI Australia appoints head of surety

Jonathan Griffiths joins from Liberty Specialty Markets.

German InsurTech Thinksurance raises EUR13mn

The Series B round brings fundraising to date to almost EUR17mn.

American Hellenic spearheads marine insurance education

The insurer is partnering with the World Maritime University to provide a variety of insurance courses.

Funeral arrangements for Munich Re’s Bryan Young

The Munich Re Syndicate group legal counsel passed away last week.

Axa XL appoints insider as UK energy head

Peter Welton becomes UK energy head to replace Luis Prato, who was promoted to CUO of Axa XL UK legal entities.