Lloyd’s/London
Market must prepare for major loss event, says Hiscox chairman
The London market must be prepared for a major loss event according to Robert Childs, chairman of Hiscox.
Ed appoints Neil Perry as CFO
London market insurance and reinsurance provider Ed has appointed Neil Perry as chief financial officer.
Insurance United Against Dementia calls on industry to help raise £10m for research institute
Campaign aims to unite the sector against the biggest cause of death in UK
London ILS hub would boost market response to major loss event, says Beale
The ability for London to be a major player in the insurance-linked securities market will be crucial to raising capital in the event of a major loss event, said Inge Beale, CEO of Lloyd's of London.
Neon hires Michael Wade and Simon Hayes as non-executive directors
Neon has appointed Michael Wade and Simon Hayes to its Lloyd’s managing agency board as non-executive directors.
London market has 'resilience to survive $200bn loss event'
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
Aegis London secures Meco marine deal
Specialist marine insurance managing general agent Meco Group has partnered with Aegis.
McKee named as Cathedral CEO
Andrew McKee has been appointed as CEO of Lancashire’s Lloyd’s business Cathedral Underwriting.
UK boss Alan Moore hails Generali as a 'viable alternative' to corporate insurance establishment
Generali is "a sleeping giant" in terms of corporate multinational business and could position itself as a real competitor to the likes of AIG, Allianz and Zurich, says its UK head.
Ed appoints Corke as CEO of underwriting
Newly rebranded Ed has appointed Gary Corke as CEO of underwriting.
DWF secures 215 jobs through Triton purchase
Manchester-based Legal firm DWF has acquired Triton from its administrators, saving 215 jobs from the multi-disciplinary practice.
Neon boosts capacity to £75m for M&A consortium
Neon has bolstered capacity in its M&A consortium, with available capital increasing from £50m to £75m.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
Paul Jardine replaces McMellin as XL Catlin CEO
Paul Jardine has been named CEO of XL Catlin and Catlin Insurance Company UK syndicate, succeeding Andrew McMellin.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Brit launches $250m Lloyd's yacht consortium
London market insurer Brit is to lead a $250m (£202m) capacity Lloyd’s consortium for yachts.
Novae names Patel as CFO
Novae has appointed Reeken Patel as group chief financial officer and executive director.
Lloyd's has grown beyond £240m GWP in China, says Nelson
Lloyd's chairman John Nelson has said the organisation is confident it wrote more than 2bn yuan (£240m) of gross written premium in 2016 - more than double the 790m yuan in 2015.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.
Probitas appoints PI underwriter
Kiran Wignall is to join Lloyd’s underwriting syndicate Probitas 1492 as a professional indemnity underwriter in its financial lines team.
Fidelis co-founder McConachie to leave
Neil McConachie, group chief financial officer and co-founder of Fidelis, is leaving the firm.
Pardus launches Lloyd's backed contingency facility
Managing general agent Pardus has launched a contingency facility.
Pana Harrison aims for $100m premium following acquisition
Singapore-based Lloyd's reinsurance broker Pana Harrison (Asia) has acquired five person Labuan broker AIH Reinsurance Brokers for an undisclosed sum.
Lloyd's underwriters join forces to boost Bermuda property D&F capacity
Lloyd’s catastrophe-exposed property underwriter Icat and Lloyd’s underwriter Neon have teamed up in a capacity arrangement to bring additional capacity to the Bermuda property D&F market.