Lloyd’s/London
Catlin CFO joins Chaucer
Chaucer Holdings has appointed by Chris Stooke as a non-executive director from 28 September 2010.
Lloyd's results show first half year profit halved to £628m
Lloyd’s this morning reported that its half year profit before tax had fallen significantly to £628m (June 2009 £1.32 bn) in 2010.
Law Society launches PI support scheme
The Law Society has unveiled a new facility to help law firms which are struggling to renew their professional indemnity insurance.
Catlin named as new IIL president
Catlin chief executive Stephen Catlin has urged the insurance industry take pride in its work after been unveiled as the new president of the Insurance Institute of London.
Debevoise & Plimpton advise Novae
Debevoise & Plimpton has advised Novae Insurance Company on the transfer of its insurance business and reserves to Lloyd's Syndicate 2007.
Extended warranty duo joins White Oak
Automotive and equipment underwriting agency White Oak Underwriting attracted an extended warranty team to its London headquarters.
Novae CEO hails Lloyd's first as it unlocks capital with transfer
Novae Group has received consent to transfer insurance liabilities from Novae Insurance Company to the group's Lloyd's Syndicate 2007.
BIS 2010: IUA vows technology will not change market culture
The International Underwriting Association has pledged to preserve the culture of the London market in the face of modernisation.
Communicable diseases: Vaccinating the industry
Jeremy Golden highlights the growing problem worldwide of infectious diseases and how it will affect the outlook of reinsurance.
Scor reports 19% growth
Property and casualty and specialty treaty renewals at end of June have resulted in premium growth of 19% at constant exchange rates, while fully respecting the technical underwriting profitability criteria.
Carroll joins Chaucer board
Chaucer Holdings has appointed Tim Carroll, former underwriting director at managing general agents Canopius, as a non-executive director at Chaucer Syndicates, its managing agency and main operating company. He has also joined the risk and capital…
BIS 2010: Aviva chief insists risk management message needs to be hammered home
Accountability for risk management is vital for companies to develop strong responses to emerging issues, according to Robin Spencer, chief risk officer at Aviva.
Ceiops welcomes Euro-super regulator news
The CESR, Committee of European Banking Supervisors, and Committee of European Insurance Occupational Pensions Supervisors have welcomed today’s decision of the European Parliament to endorse the EU financial supervision reform package.
BIS 2010: Fortis issues SII standard model warning
Fortis has warned insurers against using a standard formula to set capital requirements for Solvency II.
Career development & CSR news: New cohort gets stuck into graduate training scheme
Six new graduates have started at Lloyd's, marking their first step into the insurance industry.
Brit shareholders set to accept new Apollo bid
Brit Insurance shareholders are expected to accept a renewed offer to buy it outright from Apollo Management, after the investment company secured the backing of CVC Partners.
Lloyd’s names new American director
Specialist insurance market Lloyd’s has appointed Pat Talley as the regional director of its Central US region.
Resumé: Drinking and driving
Miller facultative reinsurance head Michael Papworth explains how a gin and tonic at Lloyd's got him hooked on broking despite his Formula One career dreams.
Biba: brokers will have to change if ELIB introduced
The British Insurance Brokers’ Association has responded with support to the Financial Services Authority consultation paper for the new Employers’ Liability Insurance Database, operated by the Employers Liability Tracing Office.
QBE boss acclaims "leading edge" property underwriting deal
QBE has developed a combined rating and geographical risk system which it claims will help its property underwriters deliver more accurate pricing for clients.
Aon warns food industry of walking "blindly" into China media storm
Businesses in the EU involved with importing or selling food and beverage products from China are walking, often blindly, into a potential legal and media storm, according to Aon.
Tysers on the move
Lloyd’s broker, Tysers, has announced that the company is moving out of its office on Camomile Street, where it has been conducting business for the last 28 years.
Lloyd's insurer Chaucer raids Willis for new COO David Mead
Lloyd's insurer Chaucer Holdings has appointed David Mead as chief operating officer of Chaucer Syndicates, Chaucer's Lloyd's managing agency and main operational subsidiary, from 1 November 2010.
Apollo and CVC make new offer for Brit
Brit Insurance has received a new offer of £10.75 per share on cash from a consortium consisting of Apollo Management and funds advised by CVC Capital Partners.