Lloyd’s/London
Cyber fear outweighs board level ownership
Only 14% of medium to large-sized companies have an insurance policy in place against cyber risk, according to a poll by Marsh, despite more than half (56%) of those surveyed placing it in the top five risks faced by their firm.
Quindell blocked from premium listing move
Quindell will not be allowed to move to the London Stock Exchange’s main market, it has emerged, as a result of its rapid expansion.
Lloyd’s upgraded to ‘AA-‘ by Fitch
Lloyd’s has been handed an improved insurer financial strength rating by Fitch, moving from “A+” to “AA-“.
Beazley looks to Amlin for double hire
Beazley has expanded its UK homeowners insurance team with the appointment of two underwriters.
Catlin receives Lloyd's license from Dubai
Specialist insurer and reinsurer Catlin has established a presence in the Middle East through an office in Dubai.
Prosight bolsters underwriting team with multiple hires
Prosight Specialty Underwriters has appointed David Dunning as chief financial officer alongside a number of appointments in its underwriting team.
FCA sharpens focus on wholesale market
Financial Conduct Authority chief executive Martin Wheatley today emphasised the regulator's shift in focus to the commercial insurance market.
Savage to leave Lloyd's for Standard Life
Lloyd's finance and operations director Luke Savage is departing after 10 years to take up the chief financial officer role at Standard Life.
Amlin sees UK GWP slide for Q1
Amlin has recorded drooping gross written premiums for its UK market business in the first quarter of 2012, while the insurer notched improved figures at a group level.
Novae recruits from Torus for UK & Europe property underwriter
Novae has added to its UK and European property team with the recruitment of Mervyn Albon from Torus Lloyd’s syndicate 1301.
Capita backing MGA start up Pardus
Capita is to part finance the launch of managing general agent Pardus Underwriting, taking a minority stake in the business.
Flood Re CEO Woolgrove to address Post's Disaster: Risk & Response event
The acting Flood Re CEO Tom Woolgrove has been added to the impressive speaker roster for the upcoming Post event, Disaster: Risk and Response.
‘Walkie-Scorchie’ set for May glare fix
A London skyscraper will see work commence this month to prevent reflected glares which last year melted and warped the panels of a car.
Cooper Gay swoops for Marsh marine boss Gibbs
Cooper Gay has recruited Marsh’s managing director of global marine Charles Gibbs to head up its own aquatic operations.
Lloyd’s boosts trading rights for Europe, Americas
Lloyd’s underwriters are now approved to write increased lines of business across five countries across Europe and the Americas.
Novae boosted by UK liability cover for Q1
Improved performance in its UK general liability book helped Novae record an overall increase of 5.7% in gross written premiums for Q1.
Catlin's GWP increased 9.3% in first quarter
Gross written premiums at insurer Catlin climbed 9.3% in the first quarter of 2014 to $2.01bn compared to $1.84bn in Q1 2013.
Nexus launches trade credit rebrand
Specialty managing general agent Nexus Group is to rebrand its trade credit offering as CIFS in a bid to simplify its offering.
Cunningham Lindsey names Richard Ward as chairman
Loss adjusting giant Cunningham Lindsey has recruited former Lloyd’s boss Richard Ward as its new chairman, while also picking up a new global chief executive.
Lloyd's calls for climate change risk modeling
Lloyd's of London is asking the insurance industry to factor climate change into risk models on an annual basis.
Novae recruits four to agriculture team
Novae has made four appointments in its agriculture reinsurance team including Robert Solloway who will underwrite business in the Asia Pacific region.
Saga confirms £550m float plans
Saga has formally declared its plans to launch an initial public offering for at least 25% of the business, raising £550m.
Cunningham Lindsey unveils global specialty markets unit
Cunningham Lindsey has today pulled back the curtain on its new global specialty markets team, based in London.
Xchanging signs claims processing contract with London market
Xchanging has agreed a three-year claims processing contract to support its Lloyd’s customers.