Lloyd’s/London
Hiscox puts UK winter freeze bill at £16m, but on track for healthy profit
Hiscox today reported that although 2010 was marked by many significant and expensive catastrophes, most of these occurred in areas where it had deliberately reduced exposure due to weak rates.
ONS cites snow and construction decline for 0.5% drop in Q4 GDP
The UK's Gross Domestic Product decreased by 0.5 per cent in the fourth quarter of 2010, compared with an increase of 0.7 per cent in the previous quarter.
Guernsey rejects idea of equivalence under Solvency II
The authorities in Guernsey have no plans to seek equivalence under Solvency II, according to the Guernsey Financial Services Commission and the States of Guernsey Commerce and Employment Department.
Brit Insurance share deal deadline extended - again
Brit shareholders have more time to decide whether to accept an offer from Achilles after the deadline was extended for a fourth time.
JLT launches South African arm with the aim of being 'market leader'
Jardine Lloyd Thompson has unveiled plans to set up a new South African company.
Beazley enters British Fencing deal
Lloyd’s insurer Beazley has entered into a five year partnership with British Fencing, the national governing body for the Olympic sport.
Brit acquisition deadline extended to March
The deadline for acceptance of Achilles’ offer to buy Brit Insurance has been extended for a third time.
View from the top: An historically good idea
With the private motor market effectively commoditised, now the spotlight for personal lines insurers is on the perceived El Dorado of the online SME market. We can be sure that a VW Golf that is built in Germany, China or Indonesia is of virtually…
Ipad first for London insurance market
The first electronic fully-placed contract via Ipad was exchanged today.
QBE sells US subsidiary to Catlin
Catlin has acquired Blue Ridge Insurance Company from QBE Insurance Group.
LMA urges managing agents to sign up for “non-moving claims service”
The Lloyd’s Market Association has said that the new service designed to tackle so called “non-moving claims” in the Lloyd’s market is operational and ready for managing agents to sign up.
Lloyd’s broker launches Asian operations
International Lloyd’s insurance and reinsurance broker Swinglehurst has launched a new venture in Hong Kong.
Chubb appoints European technology speciality manager
Chubb Insurance has appointed Richard Lambert to the position of European technology insurance specialty manager, responsible for the underwriting of technology and life science business throughout Chubb Europe.
Lord Sassoon: OFT is also investigating London market underwriters
The Government has admitted that the Office of Fair Trading is looking into the fees charged by London market underwriters.
Enoizi quits as Argo's London chief
Argo Group has appointed Andrew Carrier to the newly created position of group chief underwriting officer.
Putin pledges to battle FSA over Alfa Bank
Russian prime minister Vladimir Putin has pledged to help private Russian bank Alfa in its dispute with the Financial Services Authority, according to reports in the Russian media.
London market will be impacted by Australian floods
Neil Coulson, partner at accountancy firm, Littlejohn, has said he expects Australia to be fairly well insured, so it will generate insurance losses which will be higher in a city than in rural areas.
Mitsui names new claims director
Mitsui Sumitomo at Lloyd’s has appointed Jonathan Poole as claims director.
Post in print: 13 January 2011
News editor Mairi MacDonald outlines the main news from this week's issue of Post.
Lloyd's insurer faces ex-FD's tribunal claims
Former Jubilee group finance director Kate Lewis is set to battle her ex-employer at a tribunal next week.
Interview - Karen Ellis: One's formula for success
With the management buyout of motor sport specialist Ellis Clowes & Company from THB, Karen Ellis has certainly made her mark. She talks to Amy Ellis about remaining in pole position in its niche.
2011 tipped to finally see an upturn in Lloyd's M&A action
Takeover speculation among Lloyd's insurers look set to continue throughout 2011, after Canopius kicked off the year with an approach for rival Omega.
People moves - 13 January 2011
A round-up of people moves and new appointments in the industry, as featured in the January 13 2011 edition of Post.
LMA outlines plans to cut motor costs
The Lloyd’s Market Association has outlined a range of recommendations to help reduce the cost of motor insurance at a Transport Select Committee meeting in the House of Commons.