Lloyd’s/London
Brokers and Muslim-owned SMEs targeted by start-up
The UK's first Shariah-compliant insurance company plans to target tens of thousands of small Muslim...
Partner Re reports Q2 investment income losses of nearly $300m
Partner Re, the Bermudian (re)insurer, reported a net loss of $26m in the second quarter of the year, driven down by investment incomes losses of nearly $300m.
XL Capital strikes deal with SCA
Bermudian (re)insurer XL Capital said that it has come to an agreement with bond insurer Security Capital Assurance which will eliminate $64.7bn of its net exposure to the company.
First Shariah-compliant insurer launches
The first Shariah-compliant insurance company has fully launched in the UK today.
British Insurance Awards 2008
Over 1800 of the great and good attended the British Insurance Awards in July at the Royal Albert Hall.
LMA T&C toolkit looks to bolster industry training
The Lloyd's Market Association professional standards committee has distributed its 98-page Training...
Appointment at Axiom
Mark Elliott has been hired as a main board director of Axiom Consulting. Mr Elliott has also been a...
Sagicor rebrands BSU
Sagicor Syndicate Holdings has rebranded Byrne and Stacey Underwriting to Sagicor Underwriting. Sagi...
Principle launches first British Takaful-compliant policy
The UK's first Shariah-compliant insurance provider has starting selling policies. Principle Insura...
Tokio Marine and Philadelphia Consolidated agree $4.7bn takeover
Tokio Marine have announced that they have entered into a definitive agreement under which Tokio will acquire all outstanding shares of specialty P&C insurer Philadelphia Consolidated for $61.50 per share in cash — a 73% premium to the company’s 22nd…
Everest Q2 net income nearly halves
Everest Re, the Bermudian (re)insurer, said that net income for the first six months of year nearly halved, falling to $231.0m from $580.5m in the first six months of 2007.
Sagicor rebrands BSU
Sagicor Syndicate Holdings has rebranded Byrne and Stacey Underwriting as Sagicor Underwriting.
Appointment at ASML
Argenta Syndicate Management Limited has promoted David Williams to executive director for claims an...
Lloyd's A rating reaffirmed
Rating agency AM Best has reaffirmed Lloyd’s A (excellent) rating.
New Lloyd's and London market head appointed
Gavin Phillips, partner, has been appointed the new head of the London Market and Lloyd’s insurance group and a member of the UK insurance leadership team at PricewaterhouseCoopers LLP.
Axa confirms VP to absorb SBJ
Axa has today confirmed Post's story that SBJ UK becomes part of Venture Preference.
Appointment at Canopius
Lloyd's underwriter Canopius has appointed Stephen Hartwig as senior vice-president and head of exce...
Starling: FSA vibes point to market-wide solution
Regulators are likely to pursue a "market-led solution" to resolve commission disclosure rather than...
Willis director of underwriting set to retire
Malcolm Lambert director of underwriting and compliance officer at Willis Management (Isle of Man) has announced he is taking early retirement.
Chaucer sells to Ironshore
Chaucer has sold its shareholding in Pembroke JV to Ironshore for a cash consideration of £14.9m. Pe...
Xchanging hires McCulloch
Xchanging has hired Stewart McCulloch, the former chief executive officer of Lockton International, ...
Elliott joins Axiom board
Mark Elliott has been appointed as a main board director at Axiom and head of its Lloyd's division. ...
Axiom appoints Lloyd's leader
Mark Elliott has been appointed as a main board director of Axiom and head of its Lloyd’s division.
Lloyd's insurer swoops for Ace team leader
Canopius Group has appointed Stephen M Hartwig as senior vice president and head of excess casualty to its Bermuda-based underwriting agency, Canopius Underwriting Bermuda.