Lloyd’s/London
Beale calls for ‘urgent’ flood insurance reform
Hurricane Harvey and Irma both highlight the problem of inadequate flood insurance and need for reform in the United States, Inga Beale has said.
Lloyd’s catastrophe exposure driving ratings downgrade
The current catastrophe exposure of Lloyd’s has left the market vulnerable, Fitch Ratings has said.
ILS reform could be 'too little too late' for UK, says AM Best
The London Market may have missed its chance to become a centre for insurance-linked securities despite a working structure expected in the next few weeks, said AM Best’s head of Europe.
Lloyd's report pegs Miami windstorm at $131bn as Irma heads for Florida
Hurricane Irma could see industry property losses of $131bn, according Lloyd's realistic disaster scenario analysis.
ERS launches agriculture operations unit
ERS has launched a 27-strong agriculture operations team as a result of increased demand.
Interview: Wrisk co-founder Nigel Barton
Weeks away from launch, Wrisk co-founder Nigel Barton talks to Jonathan Swift about how his business hopes to change the insurance ‘dialogue’, the need for start-ups to forge partnerships with well-known brands, and why it is necessary for the UK to keep…
Analysis: Renewables - Riding out the storm
The risk landscape in renewable energy is constantly changing and underwriters need to exercise proper due diligence, argues Fraser McLachlan, CEO of Gcube Underwriting.
Editor's comment: Feel pride
Throughout the year at sports day, parent-teacher consultations, and music and dance recitals, I say to my son “as long as you try your best” no one can ask any more of you.
Novae backs Fiducia engineering facility
Fiducia MGA has launched an engineering facility with capacity provided by Lloyd’s syndicate Novae.
Construction and engineering MGA Ensurance launches in UK
Construction and engineering managing general agent Ensurance has launched in the UK this month.
R&Q profits up by 345% in H1
Randall & Quilter has seen a 345% increase in pre-tax profit in H1 over the same period last year.
This week in Post: Thoughts with Texas
The world watched with horror last weekend as Hurricane Harvey made landfall, its high winds bringing devastation to Texas. It’s been downgraded to a tropical storm but the floods from its torrential rains continue to wreak havoc.
Lloyd's premiums predicted to decline
Premium growth at Lloyd's is likely to slow as competition intensifies and economic growth remains tepid, according to Moody's Investors Service.
Consortium acquires Canopius from Sompo for $952m
Canopius has been acquired by a private equity consortium led by Centerbridge Partners and including the private investment firm Gallatin Point Capital for $952m (£736.5m).
Neon looks to Hiscox for new property underwriter
Former Hiscox underwriter Ben Murphy has joined Neon’s property Insurance team in London.
London Market insurers take fall after Harvey, no sign of ratings rise
Hurricane Harvey’s deluge of wind and rain across Houston and the Texas Gulf Coast hurt the shares of London Market property and casualty insurers on Tuesday as analysts peg insured losses as high as $20bn (£15.5bn).
Market veteran Ian Burford joins Fidelis as specialised risks chairman
Ian Burford is joining Fidelis’ London underwriting team as chairman of specialised risks.
Novae shareholders give Axis deal the green light
Novae shareholders have overwhelmingly accepted a £477.6m takeover by Axis Capital with approximately 99.97% of shareholder votes cast in favour of the proposal.
Axis increases Novae takeover offer to 715p per share
Axis has improved its cash offer to acquire Novae to 715 pence per share valuing the Lloyd’s listed insurer at approximately £477.6m.
Aviva names Nick Major as global corporate and specialty CUO
Aviva has named former Zurich chief underwriting officer Nick Major as CUO for the its global corporate and specialty division.
Nexassure to open specialist MGA in London
Singapore-based MGA Nexassure is set to open a specialist managing general agent in London.
Ascot launches specialty MGA Ethos
Ascot Group has created a standalone managing general agent and appointed Michael Sillat as CEO, effective 1 December 2017.
LMA launches working party to tackle banking regulations
The Lloyd’s Market Association has launched a political risk working group to examine regulatory issues affecting banking sector.
Robert Organ to become CEO of Tasker Insurance
Ex-Bluefin CEO Robert Organ will replace Paul Tasker in September of this year.