FM Global welcomes another major name to board

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Despite having a board already packed with top names from the manufacturing, services and distribution industries, FM Global has managed to find another seat at the table for a well-known name.

Colin Day, the chairman of one of Britain’s largest food manufacturers Premier Foods plc, has returned to the board having previously been part of its line-up when he was chief executive of Essentra plc. Day became Premier Foods’ chairman back in August, 2019, and has held a host of senior financial and operational positions throughout his career.

“Colin Day’s vast background in international operations, corporate strategy and finance will

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Willis Towers Watson extends global P&C hub to Shanghai

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Willis Towers Watson has added Shanghai to its global property and casualty hub, a move which the company said is aimed at enhancing its global placement model for clients.

According to the broking giant, the Global Markets P&C Hub further strengthens the coordination of Willis Towers Watson’s placement teams. Initially focused on the coordination of placement activity across London, Bermuda and Singapore, adding Shanghai improves the hub’s capabilities, idea-sharing and innovation across the Asia-Pacific region.

The global P&C team currently has 145 experts worldwide that collaboratively assess client needs to establish the best marketplace for placements and where appropriate provide

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Canopius Re gains new licence

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In a move that will significantly extend its scope, Canopius has announced that its reinsurance company, Canopius Reinsurance Limited, has been granted a Class 4 Reinsurer licence.

The licence comes courtesy of the Bermuda Monetary Authority and the reclassification will allow the business to bolster its gross written premiums and take on more third-party risks. The move will also mark a reorientation of the reinsurer – it will now focus on third party and casualty business amid what it describes as an improving rate environment.

“I am extremely pleased to announce that Canopius Re has now been approved as a

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Concirrus forms Asia team with two leadership appointments

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UK-based insurtech firm Concirrus has expanded its commercial offering into a new market with the appointment of Mike Davies (pictured left) and Oliver Miloschewsky (pictured right) to head up its newly formed Asia team.

“As the Asia market continues to increase its share of the global marine business, it’s a natural stage of growth for Concirrus to continue to establish a sales presence in the region,” said Andrew Yeoman, Concirrus CEO. “We’re excited to have both Mike and Oliver on board and leading the expansion of our business into Asia-Pacific; they bring global expertise and regional experience that will allow

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