Lloyd’s/London
Xchanging signs claims processing contract with London market
Xchanging has agreed a three-year claims processing contract to support its Lloyd’s customers.
Swiss Re calm on Gherkin woes
Swiss Re has confirmed that it does not expect the receivership of London’s Gherkin building to affect its tenancy.
Lloyd's confirms Bryant's Hong Kong appointment
Lloyd’s has appointed former Zurich regional head of international customer, distribution and marketing Dylan Bryant as its general representative in Hong Kong.
Prettejohn named Scottish Widows chair
Lloyds Bank has confirmed speculation that Nick Prettejohn will join as a non-executive, naming him as chairman of Scottish Widows.
Ascot founder Reith joins Amwins board
Ascot Underwriting’s founder Martin Reith is to join the Amwins board as an independent director.
R&Q: active syndicate will hinder 2014 results
Randall and Quilter chief executive Ken Randall has told Post he does not expect to see the firm’s active syndicate boosting figures until 2015.
Liberty Specialty appoints Beechey in Asia financial risk role
Liberty Specialty Markets, in conjunction with Liberty International Underwriters Asia-Pacific, has appointed Andrew Beechey as head of global financial risks, Asia-Pacific.
R&Q pre-tax profits down 17% after ‘weak’ active syndicate results
Randall and Quilter has seen its pre-tax profits slide by almost a fifth, falling from £11.6m to £9.6m after the firm recorded weaker than expected results from active syndicate participations.
Equity emerges from rebrand as ERS
Equity Insurance Group has rebranded as ERS - the latest move in the continuing overhaul of the business since its acquisition by Aquiline last year.
Europe: International Product Recall
Food contamination issues can be extremely serious - and even if it happens in a country many thousands of miles away, news travels fast, which could mean bigger insurance implications for the companies involved.
GRP close to second acquisition as Margrett boosts management team
Global Risk Partners is preparing to unveil its second major acquisition having bolstered its central management team with senior recruits from Towergate and KPMG.
Editor's comment: A tough act to follow
As clichés about getting on in the world go, ‘it’s not what you know, it’s who you know’ is about as well-worn as it gets.
Beazley's Lam moving from Hong Kong to Singapore
Beazley's senior specialty lines underwriter Gordon Lam will be moving to the insurer's Singapore office.
Aspen says Endurance's offer 'undervalues' company
Bermuda-based insurer Aspen's board of directors has rejected an unsolicited takeover proposal from Endurance Specialty Holdings.
Thompson appointed to Argenta Syndicate Management board
Argenta Syndicate Management has appointed David Thompson to its board with effect from 1 April 2014.
Aon CEO defends merits of sidecar deal
Aon’s chief executive has defended the firm’s sidecar deal with Berkshire Hathaway in his first speech at Lloyd's since the broker moved its headquarters to London.
Four insurers subpoenaed in Iran sanctions probe
Four US insurers have been subpoenaed by New York’s Department of Financial Services as part of its investigation into potential sanctions breaches involving Iran.
Markel explores Asian contingency insurance opportunities
Lloyd's insurer Markel International is seeking opportunities to provide event cancellation insurance cover in Asia.
Allied World launches Lloyd's MGA
Allied World Assurance Company has received approval from Lloyd's, the Prudential Regulation Authority and the Financial Conduct Authority to launch its own Lloyd's managing agenct.
Nelson confirms Lloyd’s insurers have started paying MH370 claims
Lloyd’s chair John Nelson has confirmed market insurers have begun paying out claims relating to the loss of Malaysia Airlines flight MH370.
Helios increases underwriting capacity with Bernul acquisition
Helios Underwriting has acquired Lloyd’s limited liability member Bernul for £0.8m.
Brit IPO raises £240m for shareholders
Lloyd’s insurer Brit has priced its shares at 240p each as part of its IPO which has raised around £240m for shareholders.
Helios boosts syndicate profit forecasts
Helios Underwriting has increased forecasts for syndicate profits for 2011 and 2012, adding an additional £300 000 of profits to the mid-point of forecasts.
Lloyd’s forecasting tough 2014
A combination of high catastrophe claims and weak investment income has led Lloyd’s to forecast a challenging 2014 for the market in spite of today announcing a £3.2bn profit.