Lloyd’s/London
BMS sets growth strategy of doubling in size by 2015
London market broker BMS is set to make a number of acquisitions and team hires as part of plans to double its business by 2015.
US giant Gallaghers unveils second UK swoop in months
US broking giant Arthur J Gallagher has announced the acquisition of London-based Risk & Reward Group. Terms of the transaction were not disclosed.
QBE opens Canada Lloyd’s office
QBE has opened an office in Toronto to service its Lloyd’s business for the Canadian commercial insurance market.
Lloyd's Market Association names new chairman
Barnabas Hurst-Bannister, chairman of Travelers Syndicate Management, has been elected chairman of the Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community.
Experts warn of further Icelandic volcano disruption
Experts from the newly formed UCL Institute for Risk and Disaster Reduction today warned that with the high frequency of eruptions of Katla, an eruption in the short term is a strong possibility.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Willis raids RSA for Russia and Middle East boss
Willis Group has appointed Scott Pickering CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately.
Carrer development & CSR news: Lloyd's and syndicates extend support for Chinese school
Lloyd's has donated a further £50 000 towards the development of a primary school in the remote Chinese province of Yunnan. The funding from Lloyd's China and its syndicates will enable 120 extra students to attend the school following construction of a…
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
London P&I Club increases free reserves by 22% in 2009/10
THE London P&I Club has reported a financial year surplus of $25.9m for the year ended 20 February 2010.
Brit appoints Gibraltar boss
Brit Insurance has promoted Andrew Cunningham to head of office for its Gibraltar operations.
CNA brings business under one roof
CNA Insurance Company has moved its European headquarters and London market operations to the London Underwriting Centre at Minster Court.
Casualty manager joins Liberty's Germany operation
Liberty International Underwriters in Europe has appointed Michael Weesbach as casualty manager for its operations in Germany.
Hampden returns to profit in 2009
Hampden Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, today said premium written during the year totalled £8.6m.
Omega appoints new non-execs
Omega has confirmed the election of Roger Field, Robin Oakes and Richard Pexton as non-executive directors, subject to the relevant regulatory approvals.
Lloyd's insurer welcomes China licence move
Lloyd’s being granted a direct insurance licence in China will give “a significant boost” to Sportscover’s business from China, according to its managing director, Peter Nash.
US insurance giant admits Quinn interest
US insurance giant Liberty Mutual has contacted the administrators of Quinn Insurance to express an interest in taking over the company.
QBE raids Allianz for new broker manager
QBE has appointed Judy Holt to the newly created role of manager, broker development, to support the continued expansion of QBE’s offering in the UK and Ireland.
Ex-Aviva public affairs head urges Tory colleagues not to scrap IIWG
The former head of public affairs at Aviva and new Conservative MP Tracey Crouch, believes the Insurance Industry Working Group report should not simply be scrapped because of a change of government.
Post Magazine - 20 May 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
BIBA 2010: Willis CEO questions FSA's "grandfathering" of Quinn
Willis chief executive Joe Plumeri has questioned the Financial Services Authority's role in the problems revolving around Quinn Insurance.
Post in print - 20 May 2010
Post reporter Dan Dunkley gives a 60-second snapshot of some of the main news stories in this week's issue of Post.
Aviva to offer London market access to BIG members through Lloyd's broker
Aviva is poised to offer members of its Broking Independence Group access to the London market via Lloyd's broker Miles Smith.