Lloyd’s/London
Lloyd's slams government's Flood Insurance Obligation
Lloyd’s has condemned the government's proposed Flood Insurance Obligation stating it would make UK insurers less competitive than their European counterparts.
Continuing uncertainty causes insurers to seek divergent assets
Continuing uncertainty around a US quantitative easing programme is driving insurers to seek more divergent classes of assets, according to a study by Black Rock and the Economist Intelligence Unit.
Career development: Barbican unveils Insurance Academy
Barbican Insurance Group has launched a talent and development initiative designed to enable current employees and future talent to further develop their insurance knowledge, acquire new skills and build a long-term career within the industry.
International: Europe: Go west
Are Asian investors likely to continue their interest in the European insurance market? Edmund Tirbutt investigates.
Savage: Lloyd’s happy with cautious GWP growth
Lloyd’s director of finance and operations Luke Savage has declared himself satisfied with small increases in the gross written premiums recorded in the London market.
R&Q hires new underwriter from Beaufort
Randall & Quilter has appointed Gordon Breslin as class underwriter at Syndicate 1991.
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Lloyd’s first half profit drops on 2012 result
Lloyd’s has posted a £1.38bn profit for the first half of 2013 down on its 2012 result of £1.53bn.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.
Lloyd’s AA rating upgrade far from certain as CEO speculation continues
Catlin COO Paul Jardine emerges as popular choice to succeed Richard Ward.
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
Market Moves: Lockton among the major movers as new hires are made across the sector
Recruitment activity was spread across all sectors of the insurance industry this week. Busy among brokers was Lockton, with two appointments coming in the form of a new business development executive and an incoming senior yacht consultant. Loss…
Research reveals culture shift in Lloyd’s
A study of 108 senior IT decision makers from London, European and global reinsurers and commercial and specialty insurers has pointed towards a changing internal culture among Lloyd’s insurers and further afield.
Link celebrates one year anniversary
Link, the LGBT Insurance Network, has celebrated the one year anniversary of its steering committee with an event hosted by Catlin.
Tysers strengthens energy team with AAA hires
International insurance and reinsurance broker Tysers has made two key appointments to strengthen its energy team.
Henderson Global Investors unveils plans for new city building
Henderson Global Investors has revealed plans for its new building at 40 Leadenhall Street.
York International unveils new associate technical director
Loss adjusting firm York International has appointed Marc Godfrey to the role of associate technical director based in London.
C-Suite: The art of underwriting is evolving
The growing popularity of structured facilities could have a significant impact on the way underwriters work.
C-Suite: Lloyd’s must pick the right candidate
With Lloyd’s search for a new chief executive in full swing, speculation over the identity of the market’s new leader is gathering pace, and it is interesting to consider what kind of individual is required, and what the market will look like under their…
Travelers hires ex-Catlin director for aviation division
Travelers has appointed David Watts as head of general aviation for Travelers Syndicate Management, Syndicate 5000 at Lloyd’s.
Costa Concordia righted
The operation to set the Costa Concordia on its keel has succeeded, after taking all of Monday and most of the night.
Jubilee and ANV to combine Lloyd’s operations
Ryan Specialty Group and ANV have announced plans to combine their Lloyd’s businesses, ANV Syndicate Management and Jubilee Managing Agency.
Skuld sees H1 post-tax profits climb $10m
Marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.
Costa Concordia salvage begins
The operation to right the Costa Concordia is underway today, after beginning at 07.00 GMT.