Lloyd’s/London
LMA readies Baker for standards role
The Lloyd’s Market Association’s has promoted senior underwriting executive, Ben Baker, to the role of professional standards manager following the announcement that Terry Hayday is to retire as head of professional services in June.
Omega 2011 catastrophe losses increase by $6m
Omega Insurance results for the nine months to 30 September 2011 show gross written premiums down to $258.5m (2010: $308.5m).
Catlin partners with China Re
Property and casualty insurer Catlin has formed a strategic partnership with China Re to establish Lloyd’s syndicate – the first time a Chinese insurer has directly invested in the market.
Post magazine – 17 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Beazley forecasts profit despite cat losses
Specialist insurer Beazley still expects “to deliver an underwriting profit in 2011” despite catastrophe losses.
Catlin: cat losses demand change
Catlin has called on its aggregate reinsurance after catastrophe losses from the Thai floods hit $670m.
Cunningham Lindsey to make up to 72 redundant as claims numbers fall
Cunningham Lindsey UK has today confirmed that over the last two months it has had to advise 72 of its 1956 total UK staff (3.6%), at various locations across the business, that they are at risk of redundancy.
Market moves: All change at Mondial and Marsh
This week insurers were, once again, the main recruiters with the majority of high profile appointments.
News analysis: An Olympian effort to prevent an impact on the business
If the trains and tubes are overcrowded and the roads gridlocked, will London’s brokers and insurers cope during the Olympics?
Insurer regionalisation: Spreading your wings
A number of industry players have recently bucked the trend of rationalising, to open new regional bases. Is localism a pasing fad or here to stay?
Oxygen to sell off remaining assets - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings, as it prepares to sell off its…
Ace and Chubb experts lead Lloyd's environment consortium
Lloyd’s has responded to increased demand for higher levels of environment impairment liability coverage by launching its own environmental liability consortium.
Antares expands specie team
James Glynn is to join specialist Lloyd’s insurance business Antares as specie deputy underwriter with immediate effect.
McGovern named on US Treasury insurance committee
Lloyd’s North America director and general counsel Sean McGovern has been appointed to the US Treasury’s committee on insurance.
Interview - Konsta & Payton: Let's get together
The high-profile merger of Clyde & Co and Barlow Lyde & Gilbert has impacted the legal and insurance industries. Michael Payton and Simon Konsta explain the differences.
Post magazine – 3 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Editor's comment: Maelstroms on multiple fronts
This week has seen maelstroms on multiple fronts. As the devastation and mass fatalities caused by the Turkish earthquake continue to dominate news headlines, the insurance industry is bracing itself for a different bout of turmoil prompted by another…
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
Interview - David McMillan: Bullish about the business
Chief executive of Aviva UKGI, David McMillan is convinced the insurer has turned a corner and is on the path to greater profitability and growth
Broking supplement - Interview Toby Esser: Expansive thinking
Toby Esser talks about striking serious deals, his acquisitive ambitions and plans to penalise paper-lovers
Post magazine – 27 October 2011
This week the Post team reports on feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting multinational firms including Apple and Ford Motors.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Ellis Clowes makes senior appointment
Specialist Lloyds insurance broker, Ellis Clowes & Company, has hired Karen Woodley as commercial director of the group and board director of Ellis Clowes (commercial).
QBE makes two new hires to launch liability product
Business insurance specialist QBE has formed a new team to launch an environmental liability product.