Lloyd’s/London
Technology - Underwriting: Shifting focus
Insurers are upping the pace at which they investigate underwriting IT options and, over the past six months, there has been a substantial jump in the number of carriers looking to engage software houses with projects in this area, says Edward Murray
Post in print - 1 July 2010
Post reporter Amy Ellis provides a 60-second round-up of the major news headlines from tomorrow's issue of Post.
Post Magazine – 1 July 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
Aviation - Emissions trading: Ground for concern?
In less than 18 months, the aviation industry will be brought into the EU Emissions Trading System. Barry Moss considers the implications for insurers.
Government budget cuts impacting UK, claims THB
THB group chief executive Frank Murphy has said that the sale of the majority of underwriting agency Unicorn and recessionary pressures accounted for the broker's UK business making a loss.
Hiscox Syndicate 33
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33 and envisages a syndicate capacity of £900m for 2011, a reduction of £100m from 2010.
Lloyd's insurer continues diversification with Swiss plan
Catlin's plan to establish a reinsurance company in Switzerland has been described as another significant move by the group to diversify away from its Lloyd's roots.
Catlin to join solicitors' PI market exodus
Bermuda-based insurer Catlin has become the latest player to withdraw from the troubled solicitors' professional indemnity insurance market.
No grace period on IPT
London market insurers and brokers have been told they will not be given the same grace period as when faced with the last hike in insurance premium tax.
Amlin raids Catlin for lead specie underwriter
Amlin has appointed James Farquhar from Catlin with a brief to build up the account together with Class Underwriter, Rod Little.
QBE to combine London market teams
QBE is to merge its direct and reinsurance personal accident teams to create a single London market unit with a combined GWP of £45m, operating out of Lloyd’s.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
Ascot and Hannover form power pact
Inter Hannover and Ascot Underwriting have formed a dedicated technical underwriting vehicle for the power and utilities industry.
Swiss Re: global non-life premium dips 0.1% in 2009 to $1 735bn
According to Swiss Re’s latest “World insurance in 2009” sigma study, world insurance premium volume fell 1.1% on an inflation-adjusted basis.
Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
Lloyd's insurer Catlin to set up $1bn Swiss reinsurance arm
Catlin plans to form a reinsurance company in Switzerland to "significantly expand the European-based reinsurance business underwritten by the group," it said today.
Duo agrees London market technology deal ahead of 1 Jan 2011 roll out
Perspective Technologies, the messaging solutions specialist and Exari, the provider of automated document assembly, have reached an agreement whereby that they will jointly offer a document automation service to practitioners involved in the cross…
CEA calls on G20 to distinguish between insurers and banks
The CEA, the European insurance and reinsurance federation, has today called on the G20 to take full account of the specific characteristics of insurance when designing regulatory initiatives to respond to the global financial crisis.
AM Best affirms Brit’s A rating
Credit rating agency AM Best has affirmed Brit Insurance’s A rating and Brit Insurance Holding's ICR rating of BBB.
Forbes launches treaty reinsurance arm
Price Forbes & Partners today announced the expansion of its business through the establishment of a treaty reinsurance division.
THB profits up in first half
THB this morning reported a 21% rise in broking profit to £3.9m on fees and commissions of £24.6m (H1 2009 £23.3m).
Hiscox withdraws from "flawed" solicitors' indemnity market
Hiscox is to withdraw from the solicitors’ professional indemnity market.
US increases terror cover take-up
US terrorism insurance take-up rates continued to climb in 2009 across all industries, according to Marsh.
Post in print - 24 June
Post reporter Dan Dunkley provides a 60-second run down of the major news headlines from tomorrow's issue of Post.