Lloyd’s/London
Swiss Re chief risk officer departs in management shake up
Swiss Re has established a new leadership structure, which it claims broadens the market representation at executive committee level and better align with client needs.
BIS 2010 - News: UK industry 'too fragmented' to have international impact
The UK insurance industry may fail to get its voice heard at home and on an international stage because it is too "fractured".
Lloyd's company ties up outsourcing deal with Direct group
Sagicor Life at Lloyd’s has revealed plans to develop further into the group life market in the UK and Europe by announcing that it has reached an agreement with Direct Group to transfer its quote and administration services to Direct Group.
Half-year underwriting loss a first for Lloyd's
Lloyd's has recorded its first ever interim underwriting loss since it started publishing half-year results in 2005.
AM Best affirms QBE Europe's rating as "A"
AM Best Europe has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings (ICR) of “a+” of QBE Insurance (Europe) (United Kingdom), QBE Insurance (International) Limited (Australia) and QBE Reinsurance (Europe) Limited …
JLT announces name change
Jardine Lloyd Thompson Group has announced it is changing the name of Jardine Lloyd Thompson Limited to JLT Specialty Limited.
Hyperion shows Asian intent
Post has learnt that a subsidiary of Hyperion Insurance Group has reached an agreement to acquire an independent insurance broker in a move that will significantly increase the company’s presence in Asia.
Liberty pulls IPO due to "volatile" markets
Liberty Mutual has announced that it is postponing the initial public offering of stock in Liberty Mutual Agency Corporation.
Top 100 Insurers 2010: Navigating choppy waters
This year's top 100 rankings show the major players dropping anchor in stormy seas, while smaller groups make waves of their own with significant jumps in GWP. Jonathan Swift examines the statistics.
Post powerlist 2010: The influential crowd
Over the past 12 months the UK insurance industry has faced the global recession head on, taken the change of government in its stride and has shown that it is ready to face oncoming regulation in the form of Solvency II. Below we name the major players…
Canopius appoints Rolfe
Privately owned Lloyd's operation Canopius Group has confirmed the appointment of former UK General chief executive Tim Rolfe.
Canopius confirms Tim Rolfe appointment
Former UK General chief executive Tim Rolfe has taken up a senior role at privately owned Lloyd’s group Canopius, Post has learnt.
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.