Lloyd’s/London
Green fingers
The new deputy chairman of Alexander Forbes' International Risk Services, Mike Hammond, has big plans for the company. Andrew Foxwell talks to him and chief executive Stuart McCulloch about how they will grow the business
Equitas admits disappointment over US liability claims and asbestos reserves
Lloyd's run off vehicle Equitas today announced that its retained surplus fell by £18m from £476 m to £458m for the year ending 31st March 2006. Its solvency margin (retained surplus stated as a percentage of net claims outstanding) also fell marginally,…
Forbes to capitalise on rival woes
Alexander Forbes has recruited Mike Hammond, former Marsh UK and JLT Risk Solutions chief executive,...
RI3K and Xchanging launch FELIX
RI3K and Xchanging have introduced a new joint project called FELIX – the Framework for the Electronic London Insurance eXchange.
Former Marsh boss returns with Forbes
Broker Alexander Forbes has appointed Mike Hammond as deputy chairman of International Risk Services.
G6 pilots ‘ground-breaking’ contract checking process
The G6 group of Lloyd’s Managing Agents today confirmed the pilot of a new approach to contract checking. The new process aims to support brokers in achieving contract certainty targets and radically reduce the time involved in the current procedure,…
LMA reply to Richard Ward over contract certainty
The LMA has endorsed the Lloyd's chief executives proposals to implement a new approach to the contract documentation process.
Tolle: the market's top earner
Rolfe Tolle, director of franchise performance at Lloyd's, came top in the market's earnings league ...
Industry pot faces new cash call
The insurance industry has been told it is not going to get another extension to the 18-month reprie...
Firm backed to address £300m problem
A Midlands-based supplier has raised £250,000 in private equity funding to develop an automatic main...
Royal and Sun Alliance reports first-quarter results
Royal and Sun Alliance will report its first-quarter results today, with analysts expecting pre-tax ...
LMA urges market to adopt proposals
The Lloyd's Market Association has called for its proposals on mandatory commission disclosure to be...
Broker CEO of two months quits
Lloyd's broker Monument has seen its chief executive resign after just two months in the job. Marti...
ISO to develop London Market wordings
Data provider ISO has been awarded the contract to provide the London Market with the infrastructure for a "single trusted source" of market wordings.
G6 agrees electronic transfer
The G6 group of Lloyd's managing agents has agreed to a new process using Acord data standards. The ...
Lloyd's broker rocked by client and staff loss
Lloyd's broker Monument has lost one of its biggest clients and seen the resignation of five senior ...
Lloyd's replaces 1986 test with new one
A new test is being introduced by Lloyd’s, the International Underwriting Association, the London Market Brokers Committee, the Lloyd’s Market Association and the Chartered Insurance Institute to help try and drive up standards of knowledge, performance…
Swinton motor book overtaken
High-street broking giant Swinton has seen a dramatic growth in its non-motor policies, exceeding th...
G6 agrees electronic transfer
The G6 group of Lloyd’s managing agents has today agreed to a new process using Acord data standards which will ultimately allow the electronic transfer of risk-related data and documents between group members and four leading brokers in the Lloyd’s…
Axa and RSA back ATD in £100m plan
Axa and Royal and Sun Alliance have signed a three-year deal with Primary Group underwriting agency ...
Kiln set to cut Cat exposure
Kiln has attributed a slump in its profit before tax of £29.4m to the worst year on record for natur...