Lloyd’s/London
Novae hires Alderton to lead new unit
Novae Group has appointed William Alderton as unit head of its newly formed international property binder unit.
Markel applies for trade credit license in Dubai
Specialist insurer Markel is hoping to receive a license to offer trade credit insurance in Dubai by the end of 2014.
International insurers’ London presence to diminish amid increased competition
Analysts expect other firms to follow in Beazley’s footsteps by looking elsewhere
Duo positive despite ‘lower than expected’ Lloyd’s VCS traffic
Xchanging and Crawford remain optimistic for scheme’s future
Career development: Barbican makes apprenticeships finals
Barbican has been shortlisted for the London final of the National Apprenticeship Awards 2014, ahead of a ceremony at City Hall on 23 September.
Lloyd's coverholder promotes two in Hong Kong
SART Underwriting, a Lloyd's coverholder based in Hong Kong, has made two promotions.
Atrium agrees to settle MH17 hull war loss
Atrium Syndicate 609 has confirmed it is the lead hull war policy insurer for Malaysia Airlines and has agreed to settle that aspect of the MH17 loss.
Conduct is most concerning emerging risk for London market internal auditors
FCA perceived as being more focused on London market than its predecessor
Career development: Chaucer retains graduate employer gong
For the second year in succession, specialist Lloyd’s insurer Chaucer has been named the top company for graduates to work for in accountancy and insurance by UK graduate job review site The Job Crowd.
Hiscox predicts £1bn capacity for Syndicate 33
Hiscox is expecting £1bn capacity for Syndicate 33 in 2015, according to its initial business forecast.
Helios grows underwriting capacity with Dumasco buy
Helios Underwriting has acquired Lloyd's limited liability member Dumasco for £2.5m.
RFIB recruits Howden’s Dyke for non-marine international ops role
Lloyd’s broker RFIB has swooped for Howden’s head of operations Richard Dyke to take on a role as non-marine international division operations manager.
Amlin increases stake in Leadenhall Capital Partners
Amlin has reached a non-binding agreement to increase its stake in investment manager Leadenhall Capital Partners.
Compass recruits from Cobra for London broking director
Gallagher-owned network Compass Broker Services swooped for a new broking director, recruiting from Cobra London Markets.
Market warns broadened terrorism coverage could impact reinsurers
Major changes to coverage offered at renewal include extended hours clauses
C-Suite - Broker: Where next for broker consolidation?
Despite a considerable amount of consolidation over the past year, we still have a very fragmented broker market, with around 3300 brokers operating in the UK.
Sirius launches Lloyd’s managing agency
Sirius International Insurance Corporation has obtained approval to run its Lloyd’s Syndicate 1945 through its own managing agency effective 1st July.
Sportscover and Haverford end sale talks
Acquisition talks between Sportscover and financial services company Haverford have ended with both parties expressing disappointment no deal was agreed.
QIC completes Antares buy
Qatar Insurance Company has completed its acquisition of Lloyd’s insurer and reinsurer Antares, including regulatory approvals.
Lloyd’s chief executive Inga Beale takes aim at market inefficiencies
Beale urges market to make progress in developing and retaining talent
Isis Iraq insurgency set to push rates up amid fears unrest could spread
Extremist group’s actions have led to evacuation enquiries from oil and gas firms
Lloyd's backed underwriting agency opens in New Zealand
Delta Insurance has launched in New Zealand to try and capitalise on increased market consolidation.
Argo looks to Xchanging for claims role
Argo International has appointed Rashpal Rooprai as senior liability claims adjustor.
Quindell urged to recruit insurance veterans following LSE listing failure
Analysts question firm’s lack of foresight after highly unusual listing refusal