Lloyd’s/London
JLT CEO Burke "optimistic" as it enters final quarter of 2010
Jardine Lloyd Thompson has reported its "trading performance is in line with our expectations, notwithstanding continued challenging conditions" in its interim management statement for the period from 1 July to 8 November.
Chartis sees COR improve to 99.3% in Q3 2010, as AIG records $2.4bn loss
Chartis’ third quarter 2010 operating income before net realised capital gains (losses) was $1.1 bn compared to $719 m in the third quarter of 2009.
Markel International combined ratio slips to 99% following H1 losses
Markel International has reported gross written premiums of $574.0 m for the nine months to 30 September 2010, compared to $510.0 m for the same period in 2009.
Lancashire reduces property and energy exposure in Q3 results
Lancashire Holdings has seen an increase in gross written premium for the nine months ended 30 September 2010 to $595.1 m (Q3: $524.4 m).
Qatar Insurance Services buys RI3K
London market technology provider RI3K has been bought by Qatar Insurance Services, parent of technology-based trade fulfilment system Qatarlyst.
Norwegian P&I Club gets Lloyd's green light for new syndicate
R&Q Managing Agency has announced that it has received approval from Lloyd’s to form a new syndicate on behalf of Assuranceforeningen Skuld, the Oslo headquartered P&I Club.
Lloyd's: space weather could set society back 100 years
Lloyd's today warned the threat of 'space weather' from next year could set society back at least 100 years.
FSA director Strachan to head up Deloitte regulatory arm
Deloitte has appointed David Strachan, currently director of financial stability at the Financial Services Authority, is to join the firm as co-head of the Deloitte Centre for regulatory strategy in April 2011.
Hiscox readies first US direct commercial play after it breaks £100m barrier in Q3
Hiscox this morning reported that its gross written premiums year on year for the nine months to 30 September remain broadly level at £1.21bn (2009: £1.21bn).
Former Cooper Gay CEO joins Guy Carpenter as new global head
Guy Carpenter today confirmed that James Summers has been appointed global head of the company's marine & energy specialty, effective from May 2011.
MGA goes live using Sequel software
New trade credit insurance specialist Equinox Global has gone live on using insurance software provided by Sequel.
Government sets 23 March 2011 Budget Day
The Government has confirmed when its next Budget will be.
Lloyd's chair Levene raids Northern Rock to fill CEO role at new venture
NBNK Investments - the business founded by Lloyd's chairman Lord Levene - has announced the appointment of Gary Hoffman as its chief executive.
Giles-owned MGA Ink rebrands
Giles-owned managing general agent Ink Underwriting Agencies has rebranded as Ink Insurance.
Lloyd's opens Russian office
Lloyd’s, has announced that it will open a representative office in Russia next year.
Post Magazine and news editor Mairi MacDonald scoop major awards
Post Magazine scooped two prestigious gongs at last night's Association of British Insurers Media Awards.
Aon: Solvency II Nat Cat predictions ignore 15 years of evolution
Natural catastrophe calculations are ignoring 15 years of critical evolution under the currently proposed Solvency II Standard Formula, which could lead to higher capital requirements for insurers when the regulation comes into force.
Lloyd's - Communication: London's calling
Once a necessity at Lloyd's, the job of the caller has slowly been replaced by technology. Bob Dee takes us through the history of this fascinating role.
Besso's Gladstone launch is timed for new wave
Intermediary Besso has revealed it timed the launch of its managing general agent to coincide with a new wave of MGAs in the London market.
Postscript - 10 years ago: MIIC starts phase two of database
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Interview - Ian Foy: Return journey
After an antipodean adventure lasting 10 years, Insurance Australia Group's Ian Foy is back in Britain as UK CEO. He tells Jonathan Swift about the challenges he faces to turnaround the business and why IAG is here to stay.
Career development & CSR news: Lloyd's pledges brighter London futures
Lloyd's has installed an eight-foot high signpost in its underwriting room to advertise its new three-year partnership with local charities Bromley by Bow Centre and the Prince's Trust.
Equinox Global recruits underwriter
Start-up specialist trade credit general managing agent Equinox Global has appointed Glenn Sexton as senior underwriter.
LMA hails Lloyd's success
The chairman of the Lloyd’s Market Association Barnabas Hurst-Bannister has told the Association of Lloyd’s Brokers in Chicago that the Lloyd’s market is now “ahead” of its competitors when it comes to its approach to process modernisation.