Lloyd’s/London
Business leaders welcome appointment of PM Cameron
The Forum of Private Business has given a cautious welcome to the appointment of the new Prime Minister, David Cameron, and his stated intention to form a coalition government between his party and the Liberal Democrats.
Hiscox to enter aviation as it reports £10m Deepwater hit
Hiscox’s gross written premiums grew year on year by 6.4% in local currencies to £504.1m in quarter one 2010(2009 Q1: £486.5 m).
THB director resigns from board
The board of THB has announced the resignation of human resources director Corinne Bennett, as a director of the company with effect from 2 July 2010.
PM Brown announces he will stand down
Gordon Brown has announced that he intends to stand down as Prime Minister and leader of the Labour Party by the time of the Labour Party Conference in the Autumn.
Allianz wins RK Harrison tender
Allianz has won a five-year contract with RK Harrison Insurance Services to underwrite its print protect and engineering protect accounts.
Medical specialist adds two more syndicates
The Medical Professional Liability Company has added two more Lloyd's syndicates to its medical professional liability underwriting facility.
Arc agrees legal expenses deal with Novae
Lloyd’s insurer Novae has appointed Arc Legal Assistance to provide personal legal expenses and a dedicated travel claims service.
Chaucer expecting $25m oil spill hit
Lloyd’s insurance group Chaucer has estimated losses of $25m (£16.9m) to Syndicate 1084 due to the explosion of the Deepwater Horizon oil platform in the Gulf of Mexico.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
US insurance giant Chubb set to enter Lloyd's with new syndicate
Almost a decade after its failed bid for Lloyd’s insurer Hiscox US insurance giant Chubb has become the latest corporate player to bid for Lloyd’s entry.
Amlin retains AM Best rating
AM Best has commented that the ratings of Amlin and its operating subsidiaries are unchanged.
Max Capital net income down $8.1m
Max Capital has reported net income of $36.4m for the first quarter, compared to net income of $44.5m for the first quarter of 2009.
Lancashire suffers Q1 profit slide
Speciality underwriter Lancashire holdings has reported net post tax profit of $8.2m (£5.4m) for the first quarter of 2010 – a fall of almost 80% on $40.7m profit of Q1 2009, partially impacted by the Deepwater Horizon incident.
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
MMC chief content with insurance arm in light of soft market
Marsh & McLennan Companies has reported that consolidated revenue in the first quarter of 2010 rose 7 percent to $2.8bn from Q1 2009 and was flat on an underlying basis.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…
Max Capital puts low cat loss down to "conservative underwriting"
Max Capital has reported net income of $36.4m for the quarter ended 31 March, compared to net income of $44.5m for Q1 2009.
Hannover Re non-life book hit by major losses
Hannover Re has reported what it described as "vigorous premium growth" in the first quarter of 2010.
XL shareholders approve Ireland move and renaming to "Group"
XL Capital has received ordinary shareholder approval changing the parent holding company’s place of incorporation from the Cayman Islands to Ireland.
GI job demand hits new high, although salaries go backward
Salary offers for new jobs dropped back below 2009s level, although demand from UK employers for new workers remained steady in April according to the Reed Job Index published today.
10 years ago: Limit merger off after QBE approach
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from past an article published 10 years ago reveals.
Comment - BI wordings: Refresh not reject
Business interruption wordings are under review, explains Damian Glynn, to minimise misunderstandings and unrealistic assumptions.
The Aldermanbury Declaration - watch the debate
If you missed yesterday's live webinar debating the recently launched Aldermanbury Declaration it is now available for viewing on-demand.
The TV leader's debate on the economy - who won?
Last night the three main political leader's debated the economy live on the BBC.