Lloyd’s/London
Craig back in the ABI hotseat as Kelly departure confirmed
The Association of British Insurers has confirmed that Kerrie Kelly is stepping down from her role as director general to return to Australia for personal reasons.
Deal adds £10m to Dual's capacity
Dual Corporate Risks has created a strategic alliance with Newline Syndicate 1218 at Lloyd's.
Ace UK names new global markets president
Ace UK has named Matthew Shaw as president for Ace Global Markets and active underwriter for syndicate 2488.
Post in print - 15 July 2010
Post reporter Leigh Jackson outlines the main news from this week's issue of Post.
Willis, Munich Re and Allianz seal European windstorm deal
Perils AG, the Zurich-based company providing industry-wide European catastrophe insurance data, today announced that in the first six months of 2010 the total placements of insurance risk transactions based on Perils industry loss index exceeded $250m.
Singapore insurance market poses threat to London warns Marsh
The London market needs to think about how it is responding to the expanding Singapore market if it is going to be competitive with rates.
Postscript - 30 years ago: Women wait on Lloyd's for first time
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight form 30 years ago reveals.
Editor's comment: In search of a CEO
The news that Travelers chief operating officer Tony Dilley has left the UK business this week raised questions again about how the hunt is going for a successor to Martin Hudson, the business' CEO who departed in October 2009.
COO follows CEO out of Travelers UK
Travelers remained tight-lipped this week on the future of its UK management after it was hit by a second senior departure in less than a year when Tony Dilley stepped down as chief operating officer.
CEA concerned over EC insurance insolvency guarantee scheme
The CEA, the European insurance and reinsurance federation, has thrown its support behind the objective of protecting insurance policyholders and beneficiaries that underlies the package of measures the European Commission published yesterday.
Brit raids RSA to ramp up liability team
Brit Insurance has appointed Tom Taylor as liability portfolio management underwriter.
ECIC assigned AM Best rating
The Electrical Contractors’ Insurance Company - a division of EC Insurance - has been assigned a financial strength rating of A- (excellent) by AM Best.
RBSI looks to rationalise structure ahead of sale
Royal Bank of Scotland is seeking a corporate adviser to help restructure its insurance business ahead of a sale or IPO.
Aon in $4.9bn swoop for outsourcing firm
Aon has agreed a deal to acquire HR consulting and outsourcing company Hewitt Associates for $4.9bn, consisting of 50% cash and 50% Aon stock.
DWF grows insurance team
Peter Blake, Nick Connolly, James Manning, Dan Verow and Sophie Mourmouris have all joined the London-baed insurance team of DWF.
Lord Levene set to target state banks with new investment vehicle
Lord Levene, chairman of Lloyd’s of London, is to spearhead an acquisition vehicle targeting state controlled bank assets, according to reports.
Law replaces Dilks as PwC insurance boss
PricewaterhouseCoopers has appointed David Law as its new global insurance leader.
Prime Professions operating profit up fourfold
Prime Professions has announced its financial results for the year ended 31 March 2010.
British Insurance Awards 2010 - all the winners
Allianz was crowned general insurer of the year last night at the annual British Insurance Awards.
Brokers more positive on Lloyd's than two years ago
Brokers are now significantly more positive about conducting business at Lloyd’s than two years ago.
Underwriting - Delegated authority: Two-way communication
Jon Francis examines the issues for brokers using a delegated underwriting authority model, as scrutiny of its use increases.
Policyfast enters Lloyd’s after acquisition of SP
Wholesale broker Policyfast has entered Lloyd’s after being granted coverholder status and acquiring an underwriting team from Stevenson Price.
Chaucer agrees Norwegian deal
Chaucer has formed a new energy partnership with Scand Ins - the Scandinavian Insurance Management Company.
Garwyn appoints Durham manager
Garwyn has promoted Iain Milne to the position of branch manager for Durham, supporting claims investigations in the North East of the UK.