Lloyd’s/London
Brokers, insurers and Lloyd's carriers see FCA fees reduced
Brokers, insurers and Lloyd’s companies will see their contribution to the Financial Conduct Authority annual funding requirement reduced in 2016/17, according to the proposed fees published today.
Brexit would ‘hurt’ or ‘severely damage’ Lloyd’s
More than two-thirds of market professionals think Brexit would “hurt” or “severely damage” the London market, according to a survey from financial public relations consultancy Haggie Partners.
Gallagher's international bosses praised in wake of Towergate defections
Arthur J Gallagher has attributed the "underperformance" of its UK arm in 2015 to the departure of its former management team in a proxy statement released this week ahead of its annual general meeting on 17 May.
Lloyd's to apply for Mumbai reinsurance branch
Lloyd's has started talks with the Insurance Regulatory and Development Authority about a reinsurance branch license in Mumbai, India.
The Insurance Marketing and PR Awards shortlist is out today
Today Post can reveal the shortlist for the Insurance Marketing and PR awards.
Unicorn says ‘diversifying’ the next step after Berkshire backing
Unicorn Underwriting has confirmed it will not limit itself to UK commercial lines but aims to move into all classes and territories after partnering with Berkshire Hathaway.
Solvency II drives increase in Lloyd's legacy portfolio sales
An increasing number of firms are looking to dispose of their legacy portfolios as Solvency II puts pressure on capital requirements.
Marketform confirms commitment to underwriting lines
Lloyd’s underwriter Marketform has confirmed its commitment to all 11 of its current underwriting lines, following a strategic review of the business.
JLT CEO Dominic Burke and Robert Hiscox back Brexit campaign Vote Leave
JLT group chief executive Dominic Burke (pictured) and Hiscox's former chairman Robert Hiscox have been named among 250 business leaders and entrepreneurs backing the Vote Leave campaign.
Brit-led commercial aviation consortium launches
Brit has launched a Lloyd's consortium for commercial general aviation with capacity also provided by Kiln, Hiscox, Apollo and Pritchard.
Marketform disposes of two books to Beazley
Lloyd's underwriter Marketform has sold its UK open market medical malpractice and UK and international delegated authority insurance businesses to Beazley.
Lowest investment returns since 2001 'biggest reason' for Lloyd’s profit fall
Lloyd’s finance director John Parry said the market’s lowest investment returns in 14 years was the main factor behind its £900m profit plunge in 2015.
Lloyd’s posts £900m profit plunge in 'undeniably tougher' market
Lloyd’s has reported a drop in pre-tax profit to £2.1bn for 2015, from £3bn the previous year.
C-Suite Insurer: Hiscox's Robert Childs - Good in a crisis
It is in an emergency that the industry’s expertise is needed most. It’s up to London to lead the way
Lloyd's creates country manager role for India
Lloyd's has appointed Shankar Garigparthy as country manager for India.
London is 'open for business' to Brazil says IUA's Matcham
International Underwriting Association CEO Dave Matcham has encouraged Brazilian customers to do business with London after changes to reinsurance regulation in the country have made it easier for clients there to access the London Market.
Dale Underwriting takes Marketform's medical malpractice business
Lloyd's underwriter Marketform has stopped writing international medical malpractice business and transferred its book of business to Dale Underwriting Partners.
Penny Black's Insurance Week - 17 March 2016
Penny is feeling empowered as a women after spending Friday at the Southbank’s Women of the World festival of diversity.
Sompo Canopius hires from Chaucer for Asia head of engineering
Global specialty insurer Sompo Canopius has hired Wah Chuang Ng to become head of engineering for its Asia operations.
Post Digital Insurance Collective Blog: Design thinking, feeling uncomfortable and three centuries of caffeine fuelled innovation
Following last week's Digital Insurance Collective meeting, I promised to put together a blog consisting of my top eight take homes from my discussions and observations. So here are my thoughts, please share your own in the comment box below.
Inga Beale: ‘I started to behave like a man to fit in'
Lloyd's CEO Inga Beale has spoken of the challenges she faced working in the London insurance market in the 1980s at a gender equality festival in London today (11 March).
Sompo Canopius mulling sale of motor business KGM
Sompo Canopius is considering the sale of KGM, its UK motor insurance business.
Novae reports improved 2015 COR and GWP
Novae Group has reported a marginal increase in profit before tax of £54.9m (2014: £52.4m) and an improved combined ratio of 90.8% (2014: 91%) for the year ended 31 December 2015.
Starstone reports 383% jump in 2015 earnings
The Starstone Group has reported a significant increase in full-year net earnings for the year ended 31 December 2015 from $4.3m (£3m) in 2014 to $20.8m in 2015.