Lloyd’s/London
Barbican wins approval to act as a Lloyd's managing agency
Barbican has obtained conditional approval from Lloyd’s and the Financial Services Authority to act as a managing agency at Lloyd’s.
Brokers face North-South divide over M&A activity – Post in print: 2 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes claims that brokers in the ‘resilient South’ are standing their ground when it comes to getting the price they want for a sale, creating a divide between…
BMS recruits former Benfield head to expand liability arm
BMS has appointed Theresa Schugel as executive vice president to lead the expansion of its global specialty casualty practice which has expertise in medical professional liability, lawyers’ professional liability, workers compensation, D&O and other…
Swiss Re: insured losses up 34% to $36bn in 2010
According to initial estimates from Swiss Re’s sigma team, worldwide economic losses from natural catastrophes and man-made disasters were $222bn in 2010, more than triple the 2009 figure of $63bn.
Markel CEO to take two months out for medical treatment
Markel Corporation has announced that chairman and chief executive officer Alan Kirshner may be absent from the corporation's offices for most of December and January while receiving medical treatment.
White Oak seals Daimler deal
Specialist motor and equipment underwriting agency White Oak Underwriting has acquired the Daimler Truck Financial physical damage and related insurance business in the US.
Amlin awarded gold chartered status
Amlin Underwriting has become the first London market insurer to achieve the gold standard of corporate chartered insurer status.
ECIC appoints underwriting head
The Electrical Contractors’ Insurance Company has appointed Agneta Desouza as underwriting manager.
Cooper Gay restructures in London
Cooper Gay has restructured its London based marine and energy reinsurance team in a bid to continue growing its market share.
Ascot swoops for rival Lloyd's insurer Jubilee's motor book
Ascot Underwriting has acquired the renewal rights for Jubilee Managing Agency’s commercial motor account, the company announced today.
Detica warns MGAs over SII data challenges
Information intelligence firm Detica has warned Lloyd’s managing agents not to underestimate the data management challenges of the Solvency II directice.
Hardy outlines share buy-back programme and third party capital deal
Hardy today announces that it has entered into an agreement for the provision of third party capital to syndicate 382 for the 2011 year of account.
Lloyd’s research winner aims to predict future hurricanes
New research that aims to predict hurricane activity years in advance has won a forecasting specialist from the Met Office, the inaugural Lloyd’s Science of Risk prize.
Brit announces board member's departure date
Brit Insurance has today announced that Matthew Scales will step down as a board member on Monday 20 December 2010 following the Extraordinary General Meeting on Friday 17 December 2010.
Willis relocates Bristol staff to new office
Willis has moved its Bristol staff to a new office at St Catherine's Court in Berkeley Place, Clifton.
Lloyd's broker RFIB's pre-tax profit falls 32% to £3.2m
Lloyd's broker RFIB Holdings has revealed its turnover (which includes fiduciary interest as well as brokerage) grew 13% from £38.3m to £43.5m for the year ended 30 June 2010.
Lloyd's opposes SII transitional stage
Lloyd's has criticised plans by the Committee of European Insurance and Occupational Pensions Supervisors to stagger implementation of the Solvency II directive beyond January 2013.
Insurers dismiss concerns over 10% discount offers
Commercial lines insurance providers promoting 'special offer' end-of-year premium rates have hit back at criticisms from the market.
Claims supplement - London Market Modernisation: We've come a long way
The introduction of the electronic claims file system has modernised the way the London market handles losses. Jane Bernstein reports on where these advances may lead next.
Biba voices ELTO membership concerns
The British Insurance Brokers’ Association has urged the Financial Services Authority to do more to ensure the employers’ liability tracing office is up and running by April 2011.
70 MGAs gather at Lloyd's to discuss new trade association
UK managing general agents need their own association to respresent and support this important sector of the insurance industry.
Caribbean $300m reinsurance start-up targets 1 January 2011 launch
Barbados-based Aliseo Reinsurance SCC today announced its entry into the global retrocession market with an initial capitalization of $300m.
Tawa links up with Lincoln General in US run-off push
Tawa and Lincoln General Insurance Company have today announced a strategic relationship that brings together the resources and experience of both organisations.
Aviva confirms Zurich's Hall as new corporate risk boss
Aviva has confirmed this morning's Postonline exclusive that David Hall is joining the business.