Lloyd’s/London
Experian joins forces with Transactor
Insurance software house Transactor Global Solutions has launched a data enrichment service using data from Experian.
IAG mulls Equity Red Star sale as experts debate motor future at Lloyd's
With Insurance Australia Group toying with the idea of selling the largest Lloyd's motor underwriter Equity Red Star, and aggregators controlling more power in this area, the days of motor in the Lloyd's market could well be numbered.
Editor's comment: Slow demise or new dawn?
Six years ago, the Lloyd's Motor Underwriters Association was subsumed into the overall Lloyd's Market Association – a clear signal that a once powerful force in the car insurance arena had accepted its heyday was long behind it.
British Insurance Awards 2012 finalists to be revealed
The wait is almost over. Tomorrow Postonline will be the first place to discover the shortlist for the 2012 British insurance Awards.
"Dishonest" broker banned for second time
A broker who was barred from operating within Lloyd's more than a decade ago has now been banned from performing any regulated functions by the Financial Services Authority, after acting as the director of an Essex-based insurance broker without…
Kiln forecasts profits in non-aligned syndicates for 2010 and 2011 accounts
R J Kiln & Co has forecasted profits for its four non-aligned syndicates with catastrophe losses for the 2010 and 2011 years of accounts.
Hyperion valued at £165m as BP Marsh sells a stake to Murofo
BP Marsh & Partners announced this morning that its wholly-owned subsidiary, BP Marsh & Company, has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
Hardy gets tough on property treaty with 19.1% rate rises
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
Jelf bolsters London office with two hires
Jelf Insurance Brokers has appointed two members of staff to join the team in its recently opened London office.
Cooper Gay names risk management chief
Peter Dalton has been appointed head of risk management at Lloyd's broker Cooper Gay.
JLT aims to tackle risk managers' 'exasperation' at cyber risks
JLT Specialty has launched an Intangible & Cyber Exposure service.
Amlin CEO says three quarters of business has seen rate rises in Q1 2012
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
IAG boss Wilkins admits it may dump loss making UK business
IAG managing director and chief executive Mike Wilkins has said that now is an appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.
Benign weather and rate rises result in record reported profits for insurers
Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.
BIBA 2012: Lloyd's vows to build up SME business
Lloyd's has revealed potential plans to hold regional broking events outside London next year in a bid to build on the 5% growth achieved in its small and medium size book of business last year.
BIBA 2012: Bridge Insurance Brokers in Chubb tie up
Bridge Insurance Brokers and Chubb Insurance have teamed up to offer a product which the pair claims delivers high spec cover for precision engineers, metal fabricators and metal processors.
BIBA 2012: Jelf outlines plans to break into the London HNW market with Parker hire
In a move aimed at boosting its mid and high net worth proposition, Jelf Insurance Brokers has appointed Tony Parker as business development director for private clients.
Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012
Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).
Tim Johnson takes new MD role at Gallaghers
Tim Johnson has been appointed managing director of Gallagher Benefits Consulting (subject to FSA approval) and Gallagher Employee Benefits, in addition to his current role as MD of Gallagher Risk & Reward.
Former Howden board member switches to Bond Pearce
National law firm Bond Pearce has recruited Simon Gildener, partner, to its insurance professional risks team in London.
MGA Dual continues to expand in Asia with Singapore branch
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
Online video: Future technology and risk in the commercial lines sector
As companies become more ensconced in technology and reliant on it for all facets of business this video discussion looked at future technology, the risks such technology might bring for businesses, and how insurers should react.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
London-bound Aon backs Lloyd's plans
Aon Risk Solutions, the broker's global risk management business that is moving back to London, is supporting Lloyd's attempt to make London the world's insurance hub.